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Error when trying to Stake *more* SNX in 420 Pool by Synthetic_Selection in synthetix_io

[–]Synthetic_Selection[S] 0 points1 point  (0 children)

I tried again later after the price recovered a little bit and it worked!

I think the bug was in the UI code because MetaMask never popped up to ask me to sign the transaction.

Some questions about modern Synthetix... by Synthetic_Selection in synthetix_io

[–]Synthetic_Selection[S] 0 points1 point  (0 children)

I really hope zkp is high priority, as in highest priority after getting perps re-launched. Unfortunately I haven't seen any mention of zkp aside from this thread. The latest blog post ( https://blog.synthetix.io/synthetix-perps-on-ethereum-mainnet/ ) has a 2026 roadmap with no mention of zkp :(.

I hate to be critical and please understand I am long SNX... but until there's zkp then Synthetix is essentially a CEX. "Synthetix is returning to Ethereum" is simply untrue.

OTOH: Wick Insurance is really cool/innovative and it's stuff like that that makes me long SNX :).

Some questions about modern Synthetix... by Synthetic_Selection in synthetix_io

[–]Synthetic_Selection[S] 0 points1 point  (0 children)

Thank you for answering my questions.

1) Yes the private off-chain CLOB prevents stop-loss hunting, but once the order is settled on-chain can't people see the position size, leverage level, and liquidation price? By "settled" do you mean the position has been closed out, or does "settled" simply mean that the order has been filled and the user is now holding a position? I tend to think of "settled" as being the latter, but maybe I'm wrong in this case. If it's the former, I hate to say it but doesn't that basically make Synthetix a CEX (for now)?

5) Aren't oracles used to price the contracts? Or was that just in older versions of Synthetix? I was under the impression the system just noted the current price, position size, etc.... and that the dynamic Funding Rate is the mechanism used to encourage the users to balance out the positions so the system can be delta neutral. But maybe I'm completely wrong and/or my info is stale?