On April 18, Synthetixs announced an emergency solution for its "stablecoin sUSD deansted" and the USD 420 pool will be launched and incentivized in 36 hours. SNX stakeholders of 420 pools can deposit sUSD to receive a reward share of 5 million SNXs over 12 months. The deposited sUSD will be locked for one year, fully extracted after the event, and the obtained SNX rewards will be locked and unlocked within 3 months of the event.
"This is one of the worst immediate solutions to create demand for sUSD from the user base," said Synthetix founder Kain.
According to market information, the dean of the Synthetix stablecoin sUSD intensified to US$0.7 this morning, down 13.9% in 24 hours and has now rebounded to US$0.83.
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