Kain Warwick, founder of Synthetix, announces new incentives to restore sUSD peg.

Wormhole Governance calls for Solana delegates following the W token launch, aiming to enhance decentralization. Delegates will play a crucial role in the governance ecosystem.

Synthetix (SNX) price shot up 7% in the past 24 hours as founder Kain Warwick took a firm stance on the recent depegging of sUSD stablecoin.

TL;DR Synthetix launched a new staking mechanism, the “sUSD 420 Pool,” offering SNX rewards to stabilize the price of its sUSD stablecoin. Founder Kain Warwick warned that pressure will be applied if participants don't respond to the voluntary incentive. The value of sUSD dropped to $0.68 in April but has partially recovered to $0.

Kain Warwick, the founder of the decentralized finance (DeFi) platform Synthetix, has urged SNX SNX token holders to take action to help restore the value of the project's stablecoin, sUSD.

Synthetix founder Kain Warwick has urged SNX stakers to adopt the protocol's newly launched staking mechanism aimed at restoring the dollar peg of its stablecoin, sUSD. The post Synthetix Founder Warns SNX Stakers to Embrace New Mechanism or Face ‘The Stick' appeared first on Cryptonews.

As sUSD continues to trade below its intended $1 peg, Synthetix founder Kain Warwick has urged stakers to step up and help restore stability before more stringent measures are implemented.

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.

Synthetix has launched a new liquidity initiative aimed at stabilizing its algorithmic stablecoin sUSD, which has been trading well below its intended $1 peg.

Synthetix's sUSD stablecoin has plunged as low as $0.68, losing its dollar peg amid structural changes, sparking fears of a broader DeFi crisis and highlighting vulnerabilities in algorithmic stablecoin mechanisms. The post Stablecoin Sinks to $0.68: sUSD Loses Its Peg, Sparks Fears of SNX Death Spiral? appeared first on Cryptonews.

The Synthetix protocol stablecoin dropped to a new low this week, extending its month-long depegging trend.

Synthetix's sUSD stablecoin has crashed below $0.70 marking its worst depeg in years as collateral changes backfire.

Synthetix's sUSD stablecoin has fallen to $0.70, 30% below its dollar peg, following protocol changes that disrupted its market balance.

The Synthetix protocol's native stablecoin, Synthetix USD (SUSD), has slipped further away from its US dollar peg, reaching new all-time lows under $0.70. However, the firm reiterates that this isn't the first time the asset has been under significant stress, and several risk measures are in place.

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.

Synthetix's algorithmic stablecoin sUSD has continued its month-long depeg, now trading nearly 21% below its $1 peg. According to CoinGecko's price data, sUSD has dropped to $0.7924 as of Apr.

Synthetix's sUSD stablecoin de-pegs, trading at $0.8107.

A new report from on-chain analytics firm Parsec argues that the recent depegging of Synthetix's stablecoin sUSD is not the result of bad debt or protocol failure—but a direct consequence of governance upgrade SIP-420.

Synthetix's algorithmic stablecoin sUSD is continuing to drift from its $1 peg, currently trading at $0.90.

Synthetix's stablecoin, sUSD, has plunged to a five-year low of $0.83, raising investor concerns about its stability.

What happens when a stablecoin isn't stable, and the founder's response is “no crying in the stablecoin casino”?

Synthetix's sUSD suffers second major depeg in a year, with founder Kain Warwick warning of volatility during peg mechanism transition.

TL;DR Synthetix's sUSD stablecoin briefly fell to $0.83, its lowest level in five years, sparking renewed concerns about its long-term stability. While it shares design similarities with Terra's failed UST, sUSD is backed by a $30 million treasury that could help mitigate extreme risks.

The Synthetix protocol's native stablecoin, Synthetix USD (sUSD), fell to its lowest value in five years, extending a months-long struggle to maintain its $1 peg.The asset has faced persistent instability since the start of 2025. On Jan. 1, sUSD dropped to $0.96 and only rebounded to $0.99 in early February.

Synthetix stablecoin sUSD has fallen 6% in the last day to trade at $0.8597, continuing the recent decline below its $1 peg. At the same time, 24-hour trading volume has jumped nearly 487% to over $2.

Synthetix had another de-peg of its asset-backed sUSD token. The stablecoin slid to $0.83 due to the transitional period of minting from a new staking pool.

Centrifuge collaborates with Wormhole to enhance multichain asset tokenization, starting with Anemoy's $230M Janus Henderson Treasury Fund, aiming for seamless blockchain interoperability.


Centrifuge V3 aims to unify real-world asset tokenization across blockchains, and is starting with the $230 million Janus Henderson Anemoy Treasury Fund.

Wormhole (W) surged nearly 12% on Thursday after the project unveiled its official product roadmap. The project's one-year anniversary has sparked speculative interviews.

Wormhole ($W), a leading interoperability protocol with a multichain-native token, has emerged as one of the best-performing altcoins despite challenging market conditions. The token has surged by over 12% in the past 24 hours, breaking out from a prolonged downtrend that led to a historic low on April 2.

Several key headlines are on the crypto lineup this week, with certain ecosystem-specific developments expected to happen. This week's top crypto news could drive volatility for some tokens.

In a thread on X this morning, Synthetix founder Kain Warwick offered a stark look into the inner workings of crypto market makers (MMs) and their evolution over the years.

The crypto market shows signs of recovery with Ethereum climbing back above the $2,000 level, while several altcoins including Wormhole (W), DIONE, and Magnetix (MAG) post double-digit gains in the past 24 hours. Wormhole (W) has jumped 41.

Wormhole Settlement offers fast, scalable cross-chain asset transfers using intent-based protocols, enhancing speed, redundancy, and composability for blockchain users and institutions.

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Wormhole introduces a new suite of intents-based protocols for fast, institutional-scale digital asset transfers across multiple blockchains, enhancing redundancy, composability, and cost-efficiency.

Wormhole integrates with Unichain, facilitating seamless asset transfers across blockchains. This partnership enhances DeFi liquidity and offers developers efficient cross-chain solutions.

Synthetix (SNX) is a decentralized finance (DeFi) protocol built on the Ethereum blockchain, allowing users to create and trade synthetic assets. These assets mirror the value of real-world assets such as commodities, currencies, and stocks.

Wormhole announces the deprecation of support for several blockchain networks by summer 2025, impacting Terra, Oasis, Acala, and others, while transitioning some Cosmos chains to community support.

Securitize's collaboration with Wormhole hands asset managers the freedom to shape offerings for any supported blockchain.

Securitize, a real-world asset tokenization platform partnered with BlackRock and Hamilton Lane, has announced its integration with the interoperability protocol Wormhole. Integrating Wormhole (W) as its primary interoperability solution, Securitize can now offer cross-chain support for its users.

Securitize, an asset tokenization platform, has launched a blockchain interoperability solution with Wormhole to enable cross-network transfers for institutional tokenized funds. Tokenization Platform Securitize Deploys Wormhole for Multichain Fund Management The integration allows funds tokenized on Securitize's platform to move seamlessly across Arbitrum, Avalanche, Ethereum, Optimism's OP Mainnet, and Polygon.

Donald Trump's inauguration as the 47th U.S. president is expected to usher in a new era for cryptocurrencies, according to Wormhole Foundation general counsel Cathy Yoon. Trump officially takes office on Jan.

Synthetix has announced that it will transition its perpetual markets on the Arbitrum network to a close-only mode.

The move is part of a strategic pivot by Synthetix to consolidate its operations and focus on Coinbase's Base network.

FEG token exploit allowed a hacker to steal over $1 million across multiple chains, leaving holders down 99%.

The DeFi protocol also launched an in-house perpetuals trading app.

Synthetix exchange relaunches with multi-collateral perpetuals on the Base network. The reboot of Synthetix comes with a new website, relaunch of its exchange, and upcoming launch of Synthetix Leveraged Tokens.