Language

  • English
  • Română

Currency

  • $ USD
  • € EUR

Latest News

Keep up with what's happening in the crypto world in real-time.

All Filters (1)
calender-icon
Negative
cover-imageCointelegraph
April 21, 2025

Synthetix founder threatens SNX stakers with ‘the stick' to fix SUSD depeg

Synthetix founder Kain Warwick has threatened SNX stakers with “the stick” if they don't take up a newly launched staking mechanism to help fix the protocol's ongoing sUSD (SUSD) depeg.Warwick said in an April 21 post to X that it has now implemented a sUSD staking mechanism to address the depeg, but admitted it is currently “very manual” without a proper user interface. However, once the UI goes live, Warwick said, if there isn't enough momentum, then they may have to “ratchet up the pressure” on the stakers in the sUSD 420 pool.

Negative
cover-imageCrypto Economy
April 17, 2025

Stablecoin sUSD Crashes Below $0.80 as Synthetix Founder Dumps 90% ETH

TL;DR sUSD Depeg Crisis: Synthetix's stablecoin sUSD has plunged below $0.80 amid significant protocol changes that have unsettled investors and traders. Impact of SIP-420 Upgrade: The recent SIP-420 upgrade, aimed at enhancing capital efficiency, has flooded markets with excess sUSD, disrupting traditional peg defense strategies and triggering chaotic trading conditions.

Next Page 2