rewrite this title SNXweave Weekly Recap 177

April 16, 2025

The following post contains a recap of news, projects, and important updates from the Spartan Council and Core Contributors from last week.

👉TLDR

Synthetix Q1 Quarterly Report Out NowLast week SNXweave published the quarterly report for Q1 at Synthetix — featuring highlights, challenges, protocol stats, Spartan Council wins, and top memes.Custom Layouts Live on Synthetix ExchangePro-level UI customization: move, resize, hide, and toggle components.Preset layouts, style panel, and one-click reset via the gear icon.Built for traders who like full control of their setup — try it at exchange.synthetix.io.SNX Stackathon OngoingInfinex users earn part of 10K SNX weekly by depositing/swidging SNX.Rewards distributed weekly — must hold at least 500 SNX on the last day of each week (Sunday 11:59pm UTC).Weekly prizes (including Patrons!) still up for grabs.sUSD Peg + Liquidity EffortsThe Synthetix team is on it — join the convo in Discord’s #susd-war-room.New LP incentives for the sUSD/sUSDe Curve Pool now live.Stake via Convex (no veCRV needed!) for boosted CRV + CVX rewards.Current stats: 39.71% vAPR with a 2.19x boost.

Spartan Council and SIP updates

First up, ICYMI, last week SNXweave published the Quarterly Report for Q1 at Synthetix — go check it out linked in our blog! We reviewed Q1 highlights such as the 420 Pool, challenges such as capital retention and incentive design, protocol stats, Spartan Council achievements, and of course the best memes from the quarter. Don’t miss giving it a read.

In other news, Custom Layouts are live on Synthetix Exchange! Inspired by popular tradfi trading interfaces, you can now resize, rearrange, hide, move, and toggle various components like charts, trade history, and account details to create a personalized trading setup.

This new feature is accessible via the Settings gear icon on Synthetix Exchange, with the new Style panel now allowing traders to:

Show/hide key interface elements like Trade History, User Info, Chart, Favorites, and Account DetailsSwitch between preset layouts quicklyReset to default with one click

Designed for power users and pro traders, this update aims to bring institutional-level customization to DeFi, making Synthetix a more competitive and user-friendly platform. Try it now at https://exchange.synthetix.io/.

Also, don’t forget that SNX Stackathon is ongoing! Infinex users who deposit or swidge SNX for the next month will be eligible to earn SNX rewards and will be in the running for weekly prizes, including Patrons.

SNX holders on Infinex will earn a pro-rata share of 10,000 SNX tokens every week, and rewards will accrue continuously and be distributed weekly. In order to qualify for an SNX distribution, Infinex users must hold a minimum of 500 SNX on the last day of the week (Sunday at 11:59pm UTC).

Next, Synthetix has let the community know that they are aware of everyone’s concerns surrounding the sUSD peg issue and are working on it from multiple angles. Please feel free to chat with core contributors about this topic or ask any questions in the #⁠susd-war-room channel in the Synthetix Discord.

As part of the ongoing effort, one of the first steps is focusing on increasing liquidity for sUSD — a critical move that will continue to be a priority even after sUSD returns to its peg. Some information about these LP rewards was published in a tweet, so let’s briefly review it:

Incentives for the sUSD/sUSDe Curve Pool have been increased, so you now have the opportunity to earn boosted rewards by staking via Convex Finance. Here’s how you can get started and start earning big:

Acquire sUSD or sUSDe on Ethereum L1:sUSD is the stablecoin powering the Synthetix ecosystem.sUSDe, developed by Ethena Labs, is a yield-bearing synthetic dollar.

If you’re new to this, sUSDe may offer the best pricing when you enter the pool, so it could be a good option to start with.

Deposit into the Curve pool:Head over to the Curve pool and add liquidity with sUSD and/or sUSDe.This will provide you with LP tokens.

Pro Tip: If you’re not a veCRV whale, you can hold onto your LP tokens and not stake them just yet. You’ll do that in the next step, which is:

Stake your LP tokens on Convex for boosted rewards:Go to Convex Finance and stake your LP tokens.You’ll earn CRV + CVX rewards, and right now, you can enjoy a vAPR of 39.71% with a 2.19x boost — and no veCRV is required!

Building deep liquidity for sUSD is crucial, and this isn’t just a short-term focus. Even after sUSD returns to peg, continuing to bolster liquidity will remain a top priority for Synthetix. LPs play an essential role in growing this liquidity, and everyone is helping out by staking and adding liquidity.

Just don’t forget — DeFi comes with its risks, so be sure to research and fully understand the potential risks of being a Curve LP before getting involved. If you’re new to it, check out Curve’s risk documentation to get a better idea.

Thanks again to all of the LPs who are helping grow sUSD liquidity. Keep up the great work, and stay tuned for more updates as we continue improving the ecosystem!

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