PANews reported on April 11 that according to Parsec analysis, the sUSD stablecoin was depegged due to the governance proposal SIP-420. SIP-420 introduced the protocol's own staking pool, which made SNX stakers share debts and lacked the motivation to buy cheap sUSD to repay debts, resulting in an increase in sUSD supply. In some Curve pools, sUSD accounted for more than 90%. The SNX team is solving this problem through new demand channels and strengthening Curve incentives. Although the model is robust and sUSD is over-collateralized, price stability still needs attention.
According to previous news, the decoupling degree of Synthetix ecological stablecoin sUSD has expanded to more than 10%, and is currently trading at US$0.8946 .
