Synthetix to suspend some contracts 3 hours before the Merge

Twitter icon  •  Published 2 months ago  •  Hassan Maishera

The Synthetix team announced in a tweet on Monday that in preparation for the Ethereum Merge, it would suspend some contracts 3 hours before the event.

The Synthetix team announced in a tweet on Monday that in preparation for the Ethereum Merge, it would suspend some contracts 3 hours before the event. Furthermore, the SNX token and synths will be transferrable, but other contracts will be suspended. Open positions won't be interactable during the suspension, the team added. 

Synthetix is an Ethereum-based protocol for issuing and trading synthetic assets, including cryptocurrencies, leveraged tokens, equities, and other real-world assets. SNX, the native token of Synthetix, is down by 1% in the last 24 hours and is trading at $2.924 at press time.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

Sign up to our Newsletter

Want to read more amazing articles just like this one? Sign up to our newsletter to get them delivered to your inbox once a week!