The debt pool merger of L1 and L2 will begin at 9pm UTC, and is expected to be completed by 11pm UTC. Decentralized finance, or DeFi, protocol Synthetix (SNX) has announced that the deployment of their Debt Pool Synthesis feature will occur on Thursday 9pm through 11pm UTC, expected to impact staking participants in two distinctive categories: SNX inflationary staking rewards and Debt Hedging. ![](https://images.cointelegraph.com/images/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvMzk4M2MxMTctM2MwNC00OGFhLWJhYmUtYjIyMzg4NTcxZmMyLmpwZw==.jpg)
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![](https://images.cointelegraph.com/images/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvMzk4M2MxMTctM2MwNC00OGFhLWJhYmUtYjIyMzg4NTcxZmMyLmpwZw==.jpg)
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