Synthetix Proposes Staking Incentives to Tackle sUSD Depeg, Founder Issues Warning

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. 77; a. . . source: https://crypto-economy.com/synthetix-proposes-staking-incentives-to-tackle-susd-depeg-founder-issues-warning/