iETH migration summary
Over the weekend there were various updates made to the iETH staking incentive. The existing incentiveWe have been running an iETH incentive to balance out the long-ETH skew in the Synthetix debt pool, rewarding people to hold iETH. To receive rewards, they were required to stake their iETH into a staking contract, which would accrue SNX rewards that they could claim at any time. On Friday, it was looking possible that ETH might reach $315. If this happened, iETH would be frozen, as that is its … … More