Community members of Synthetix, a liquidity and derivatives trading protocol built on Ethereum, have approved a plan to allow client funds to move to version 2 ( v2).
Although v1 has tapered off over the past three months, there are still roughly $150,000 in open interest. The approved plan will gradually increase margin requirements for existing positions, eventually liquidating all remaining positions on v1.
Although v1 has tapered off over the past three months, there are still roughly $150,000 in open interest. The approved plan will gradually increase margin requirements for existing positions, eventually liquidating all remaining positions on v1.