Synthetix Founder: sUSD is about to restore its peg, Mainnet pre-storage activity supports stability.

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On August 9, Kain, the founder of Synthetix, published the latest developments regarding the sUSD de-pegging issue. The current sUSD price is 0.990619 USD, and it is about to restore its peg. Although this period has been harsh, the launch of the Mainnet pre-deposit activities will ultimately allow sUSD to return to normal.

On April 18, the decoupling of Synthetix stablecoin sUSD intensified to $0.7. Synthetix subsequently announced an emergency solution, with the USD 420 pool set to launch and provide incentives. SNX stakers in the 420 pool can deposit sUSD to earn a share of 5 million SNX within 12 months. The deposited sUSD will be locked for one year and can be fully withdrawn after the event ends. Synthetix founder Kain commented on the emergency plan, "This is one of the worst immediate solutions to create demand for sUSD from the user base."

SNX0.96%
SUSD-0.16%
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MondayYoloFridayCryvip
· 08-09 12:33
After a long struggle to return to the peg, the brothers who bought the dip have won big.
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Blockblindvip
· 08-09 12:32
Don't take anchoring too seriously~
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ValidatorVibesvip
· 08-09 12:29
bout time... governance actually doing its job on chain stability fr
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ExpectationFarmervip
· 08-09 12:11
Is there anyone left here? Everyone has run away.
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