Synthetix / SNX Staking
- Visit Mintr and connect a wallet with your SNX holdings.
- Select the "Mint" button under the “Home” tab.
- Enter the number of sUSD you wish to mint, select the "Mint Now" button, and sign the transaction.
- Visit the “fees” screen in Mintr to claim rewards within two weeks of distribution or forfeit the rewards. It is recommended to claim rewards weekly. When then the escrowed SNX become unlockable after 12 months, visit the “Escrow” screen to unlock your reward
Claiming Rewards & Monitoring CollateralAfter you stake your SNX, you need to claim your rewards every two weeks. You also need to make sure your collateralization ratio is above 650%. Staked offers a free service to monitor this on your behalf.
- Visit the Staked website and create or log into your account.
- Select the "Dashboard" button and navigate to the "Holdings" section.
- Enter your SNX address.
You will now begin recieving collateralization ratio and rewards updates.
To learn more about staking SNX and setting up reporting, setup a call with the Staked team (use the form to the right).