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- 🚀 Gate.io #Launchpad# Initial Offering: #PFVS#
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The founder of Synthetix pressures stakers to fix the sUSD depeg.
Synthetix founder Kain Warwick stated that if stakers do not participate in the newly launched sUSD 420 staking pool, it will "increase pressure" to force compliance. The pool went live on April 18, and stakers can earn 5 million SNX rewards by locking sUSD for a year. The sUSD stablecoin has recently decoupled severely, dropping to a low of $0.68. Warwick stressed that the responsibility lies with the stakers, as the team has shifted from "carrot" incentives to "stick" warnings. (Cointelegraph)