Synthetix Weekly - May 26th 2021

Deprecating EtherCollateral Loans

With the success of multi-collateral loans on Synthetix over the last 6 months, the time has come to sunset previous EtherCollateral loan contracts that are no longer active. Full post.

Liquidation Warning Banner

Core-Contributors pushed a front-end update to Staking which informs SNX stakers who are flagged for liquidation to take immediate corrective action, in order to fix their c-ratio and avoid being liquidated.

Users need to burn enough to push their c-ratio to at least the min c-ratio of 500% to remove the flag.

ETH Wrappr Updates

The ETH Wrappr is working wonders and keeping the sUSD peg at $1.

SCCP-114 Further tightens the minting fee on the wrapper, which now stands at 25bps
SCCP-115 Increases the maximum cap on the wrapper to 100k ETH

Yearn.Finance SNX Vault

Set and forget SNX staking is now live on yearn!

yearn.finance @iearnfinance

The markets rain fire, but we do not cower, we deliver Go tell the Spartans, stranger passing by, that it is here Blue metal + bronze Yearn + Synthetix $YFI + $SNX 🧵 below