On May 30, according to the official news of Synthetix, in order to restore the 1:1 anchor of sUSD to the US dollar, from 23:59 UTC on June 2, SNX stakers need to increase their sUSD deposit ratio from 10% to 20% in order to continue to enjoy the debt relief (jubilee) policy.
Previously, the price of sUSD fell to $0.70 as some collateralized debt holders (SNX stakers) sold off after receiving debt relief. Although the sUSD price has recovered to $0.96 through measures such as the implementation of a 10% deposit requirement, the final anchor repair still faces challenges. Synthetix said that after the completion of sUSD price stabilization, it will continue to advance core plans such as 420 pool operation and perpetual contracts on the Ethereum mainnet.
Synthetix increases sUSD staking requirement for collateralized debt holders to 20% to restore the stablecoin's anchor
2025-05-30 05:53:05
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