Kain Warwick, founder of Synthetix, has called on SNX stakers to embrace the protocol’s newly introduced staking mechanism designed to help restore the sUSD stablecoin’s $1 peg by reducing its circulating supply. Launched via the sUSD 420 Pool, this initiative rewards users who lock their sUSD for a year with a share of 5 million SNX tokens over 12 months. Despite current participation being voluntary and somewhat manual, Warwick stressed that if engagement remains low, stronger enforcement measures may be imposed. The instability of sUSD, which dropped as low as $0.68 in April 2025, highlights ongoing challenges in the stablecoin sector. Regulatory developments in the U.S. also underscore the growing importance of stablecoin transparency and accountability.
Continue to read Synthetix Founder Urges SNX Stakers to Adopt New Strategy Amid sUSD Stability Efforts
Kain Warwick, founder of Synthetix, has called on SNX stakers to embrace the protocol’s newly introduced staking mechanism designed to help restore the sUSD stablecoin’s $1 peg by reducing its circulating supply. Launched via the sUSD 420 Pool, this initiative rewards users who lock their sUSD for a year with a share of 5 million SNX tokens over 12 months. Despite current participation being voluntary and somewhat manual, Warwick stressed that if engagement remains low, stronger enforcement measures may be imposed. The instability of sUSD, which dropped as low as $0.68 in April 2025, highlights ongoing challenges in the stablecoin sector. Regulatory developments in the U.S. also underscore the growing importance of stablecoin transparency and accountability.
Continue to read Synthetix Founder Urges SNX Stakers to Adopt New Strategy Amid sUSD Stability Efforts
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