Synthetix stablecoin sUSD has fully returned to its peg

Mars Finance News, on April 23, Kain.eth, the founder of Synthetix, stated that the stablecoin sUSD launched by Synthetix has fully returned to its anchor. As of the time of writing, sUSD is quoted at $1.05. Kain.eth summarized the re-anchoring process, saying that the debt pool design and staking incentive mechanism of Synthetix have always been the largest historical drivers of protocol growth, but also one of the main obstacles. Implicit debt inflation and market impacts almost led to the protocol's collapse. Pool 420 won time for the protocol's reorganization and reconstruction, and pooled staking will reduce complexity and release a new batch of stakers. The readjusted incentive framework will restore the anchored exchange rate and rebuild confidence.