Synthetix Founder Proposes Implementing New SNX Pledge Module in V3 to Simplify Pledging Process

Kain Warwick, founder of Synthetix, a synthetic asset issuance protocol, said in a blog post that the community has been concerned about the complexity of pledging SNX for years, so he proposed implementing a new SNX pledge module in Synthetix V3.

The module simplifies the pledging process: users simply deposit SNX without the need for market risk or hedging. This simpler method of pledging is designed to attract new users to the Synthetix V3 system. Initially, the Treasury Board will fund the pool, but in the future a portion of the agreed fees may be allocated to the pool. This new form of SNX pledge will be the primary gateway to the Synthetix ecosystem.