Synthetix Merges L1 and L2 Debt Pools to Enhance Liquidity and Staking Capabilities

Synthetix, a synthetic asset protocol, has launched Debt Pool Synthesis, merging the debt pools on L1 and L2. This merger will impact staking participants in two distinctive categories: $SNX Inflationary Staking Rewards and Debt Hedging. When the merger is completed, $SNX inflationary Staking Rewards will be provided proportionally to all stakers. There will be no $SNX reward difference between staking on Optimism or Ethereum Mainnet. $sUSD (trading) fees will still be rewarded based on network staked. Debt Hedging will no longer rely on debt on the network users staking on; it will depend on the synthesized debt pool.