Synthetix founder puts pressure on stakers to fix sUSD depeg

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Synthetix founder Kain Warwick stated that if stakers do not participate in the newly launched sUSD 420 staking pool, it will "increase pressure" to force compliance. The pool went live on April 18, where stakers can earn 5 million SNX rewards by locking sUSD for one year. The sUSD stablecoin has recently severely de-pegged, dropping as low as $0.68. Warwick emphasized that the responsibility lies with the stakers, and the team has shifted from "carrot" incentives to "stick" warnings. (Cointelegraph)

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