02:53
Odaily Planet Daily News The Synthetix governance of the synthetic asset agreement has approved the SCC P2008 proposal aimed at eliminating the Perps V1 market. The proposal aims to transfer client funds from the soon-to-be-closed Perpetual Market v1 to Synthetix Perps V2.
The Perps V1 market has been in liquidation-only mode for nearly three months, but there are still $150,000 worth of positions outstanding. The approved plan will gradually increase margin requirements for existing positions, eventually closing out all remaining positions in v1. (CoinDesk)
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