Synthetix Weekly - August 4th 2021
Synth Exchanges are Live on L2!
After much anticipation, synth exchanges are now live on the Optimistic Ethereum L2! In this initial testing phase, exchanges will be enabled for sUSD, sBTC, sETH, and sLINK. Full post.
L2 Kwenta Alpha
Kwenta is now live on L2 supporting sUSD, sBTC, sETH, and sLINK. Read the full release details, including a guide on getting started with Optimism here.
Debt Hedging Reminder for L2 Stakers
Now that trading has started on Optimistic Ethereum, L2 stakers’ debt will now fluctuate with the global value of L2 synths. This means the sUSD in your wallet may not equal your debt.
Please read this staking guide and debt hedging refresher for more information on the topic.