Synthetix Founder: sUSD is about to restore its peg, Mainnet pre-deposit activities are promoting the recovery.

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[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 The deposited sUSD will be locked for a year and can be fully withdrawn after the event ends.

SNX6.25%
SUSD1.05%
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TopEscapeArtistvip
· 23h ago
I'm tired of watching it all, are they going to pump again tomorrow?
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failed_dev_successful_apevip
· 08-11 08:33
All in snx guaranteed profit
View OriginalReply0
GmGnSleepervip
· 08-09 12:40
It's stable now, we can go for it again.
View OriginalReply0
liquidation_watchervip
· 08-09 12:39
Stablecoins will ultimately stabilize!
View OriginalReply0
PuzzledScholarvip
· 08-09 12:39
How long until I can take it out?
View OriginalReply0
LiquidityOraclevip
· 08-09 12:36
It's quite sad, I haven't even returned a whole number.
View OriginalReply0
LiquidationWatchervip
· 08-09 12:33
been there in 2022... watch those ratios fam
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