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💵 sUSD Crashes 30% => $UST Second Round & End of Synthetix? Should You Speculate on $sUSD Now? 🚨
1. What Caused sUSD to Lose Peg?
2. SIP-420 Proposal – Opportunity or Suicide?
3. Will $sUSD and $SNX Be the Next $UST $LUNA?
4. Can sUSD Restore Its $1 Peg?
5. Future twitter.com/gm_upside/status/1...

2025/04/21 11:33 :
🔥 "REVEALED" THE COLLAPSE OF FTX: Built for 3 years, collapsed in 3 days & Lessons for investors
(Those who are new to crypto should read this to know how fierce the market was😎)
Born in 2019, under the leadership of Sam Bankman-Fried, FTX became an exchange
1. What causes sUSD to lose peg?
The story began when sUSD – Synthetix ’s stablecoin – plummeted from $1 to $0.55. It was not just a technical shock, but also the result of a chain reaction from the SIP-420 upgrade and panic.

2. SIP-420 Proposal – Opportunity or Suicide?
The SIP-420 proposal was originally introduced as a “revolution” for $ SNX Staking . Instead of each person Stake individually, $SNX is now pooled into a collective pool.
Collateral rates drop sharply, just $2 SNX is needed

3. Are $sUSD and $SNX next?
The question on everyone's mind: "Is sUSD following the path of UST?"
✅There are some similarities:
- Both depend on native Token (SNX & LUNA).
- Neither have fiat assets behind them.
All are at risk

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4. Can sUSD recover its peg?
If so, you will have the opportunity to speculate 🤑
✅Currently, the Synthetix team is doing quite a few things to save the peg:
- Increase rewards for sUSD lockers.
- Partner with AAVE and Ethena to expand the application.
- New project teaser is

5. The Future of Synthetix & $SNX
This is where Synthetix comes into its own with some advantages:
- Is one of the DeFi 's Derivative protocols.
- TVL remains at ~$80 million despite market decline.
- Perps DEX like Kwenta, Infinex are still active




This season the market is difficult, you should prioritize holding large stablecoins on large exchanges. Do not hold small- Capital stablecoins which are very susceptible to depeg.
Which DeFi coin are you holding? Comment below 😁
x.com/gm_upside/status/1914361...
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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