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Stake More, Earn More: 5 million SNX up for grabs with the re-launch of SNX staking
Synthetix is re-launching SNX Staking, featuring 5M SNX in incentives to rewards dedicated SNX holders and welcome a new wave of SNX enjoyooors. By staking SNX, depositors will not only secure a share of these substantial incentives but also gain access to future revenue distributions with the upcoming launch of Synthetix V4, alongside exclusive Exchange benefits. Stake today to be part of the next chapter of Synthetix’s future!
What you need to know
Stake SNX from now in the 420 Pool on Ethereum MainnetEarly exit incurs a penalty on rewards (not on the initial deposit)5 Million SNX to be rewarded, pro-rata, based on the size and duration of your staked balance – Accruing from May 28th (May 27th 23.59pm UTC)Rewards begin unlocking at the end of the 12 months (May 27, 2026)Exit at anytime (after a 7-day cooldown)
Full details in Staking FAQ
Buy SNX on your favourite exchange or Swidge with Infinex
Stake Now at: 420.synthetix.io
Why SNX Staking matters for Synthetix
Historically, SNX staking required managing a debt position and collateral ratio. That created friction for passive holders and limited participation. With the new SNX Staking, any SNX holder can now stake directly into the protocol and earn protocol revenue: without the need to mint or manage debt.
With over 50% of SNX supply staked in the SIP-420 Debt pool, we’re moving to phase 2: simple, flexible SNX staking rewards that unlock after the incentivised 12 months.
Why have an exit penalty?
Reward pools are often front-run by participants with no intention to stay long term. SNX Staking counters that behaviour by ensuring:
Rewards accrue linearly over timeEarly exits return forfeited SNX to the TreasuryLong-term stakers benefit from fewer reward dilutions
This aligns capital with commitment, not just opportunism.
Key Benefits
Flexible entry and exitPrincipal is always withdrawableLong-term rewards for long-term holdersRewards recaptured by the Treasury if users exit early
Prefer staking stables? Try sUSD
sUSD staking is also live, with its own 5m SNX reward pool. Stake sUSD or SNX to earn SNX rewards. Note: sUSD deposits are fully locked for 12 months and cannot be withdrawn until the end. Read more.
Next Steps
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