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Synthetix Founder: sUSD is about to restore its peg, Mainnet pre-deposit activities are promoting the recovery.
[Golden Finance] On August 9, news came that Synthetix founder Kain released an update on the sUSD de-pegging issue. The current sUSD price is 0.990619 USD, and it is about to regain its peg. Although this period has been harsh, the launch of the Mainnet pre-storage event will ultimately help sUSD return to normal.
On April 18, the Synthetix stablecoin sUSD decoupled further to $0.70. Synthetix then announced an emergency solution, launching the USD 420 pool with incentives. SNX stakers in the 420 pool can deposit sUSD to receive a share of 5 million SNX over 12 months. The deposited sUSD will be locked for a year and can be fully withdrawn after the event ends.