A Synthetix spokesperson told Cointelegraph on April 18 that sUSD’s volatility was driven by “structural shifts” after the SIP-420 launch. Synthetix founder Kain Warwick has threatened SNX stakers ...
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The synthetic stablecoin sUSD, long pegged to the U.S. dollar and core to the Synthetix ecosystem, has dramatically lost its peg, falling as low as $0.68. What initially appeared to be a minor ...