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Synthetix: The pledged positions of the old SNX have been cleared, and users need to migrate as soon as possible

Synthetix: The old SNX pledge positions have been cleared, and users need to migrate as soon as possible. According to Syntix official news, according to the SCCP-403 proposal, Synthetix has begun to clear the old SNX pledge positions and requires users to migrate to the new 420 pledge pool. For users with a mortgage rate above 160%, their pledged positions can be restored through Discord submitting work orders within 6 months, while positions with a mortgage rate below 160% will be permanently liquidated. The relocated position will retain the original debt, and users can repay the debt at any time to unlock SNX. This migration is to support new products such as upcoming Perpetual Contract v4 and Automated Vault. The new 420 pledge pool will provide users with a 12-month debt exemption period, and sUSD debt pledge requirements and related reward mechanisms will also be launched in the next few weeks.

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