Synthetix founder releases update on sUSD decoupling issue: manual staking mechanism has been launched

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PANews
04-21
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PANews reported on April 21 that Synthetix founder Kain posted on social platforms that a manual staking mechanism has been launched to address the sUSD de-pegging issue, with a complete UI expected to be online within days. He stated that if the new mechanism is ineffective, pressure on 420 liquidity pool stakers will be increased. Kain emphasized that the problem is controllable and called on SNX stakers to actively respond to optimize the incentive structure and restore the peg.

According to CoinGecko data, sUSD is currently trading at $0.7719, with the de-pegging issue still being quite serious.

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