Due to record high gas prices on the Ethereum network, Staked will not be claiming Synthetix rewards for this week’s claim period. Gas prices have been 200+ gwei for the past week, and ~ 450 for the past 24 - 48 hours. Since the gas costs for the claims transactions are greater than the value of the rewards, it’s not economically rational to execute the claims transactions. Delegates can claim their own rewards until Wednesday September 2nd, 2020 at 4:30 AM EST via https://mintr.synthetix.io/. We sincerely apologize for the inconvenience.
About Staked
Staked helps institutional investors reliably and securely compound their crypto by 5% — 100% annually through staking and lending. Staked runs validation nodes for proof-of-stake currencies and offers access to on- and off-chain lending options that provide an annualized yield of in-kind currency. Staked’s investors include Pantera Capital, Digital Currency Group, Coinbase Ventures, Winklevoss Capital, ParaFi Capital, Fabric Ventures, Global Brain, and other leading crypto investors.