Search results for "SUSD"
06:00

Synthetix: Will gradually end all L2 deployments, planning to launch sUSD and sUSDe early deposit vault after Mainnet goes live.

Golden Finance reported that the synthetic asset protocol Synthetix officially announced that due to the unstable Rollup infrastructure, Synthetix often faces downtime. As part of the transition to the Synthetix Mainnet, all L2 deployments will gradually cease, and new deposits in the LP vaults are currently disabled. On July 7, leveraged tokens, as well as perpetual and LP vaults, are expected to be fully deprecated. Traders and liquidity providers (LPs) are advised to migrate their assets to the Ethereum on-chain. After the launch of the Synthetix Mainnet, early deposit vaults for sUSD and sUSDe will be introduced, along with incentive programs for points and gated trading competitions.
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SNX-5.41%
SUSD-3.06%
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05:44

Synthetix: The sUSD staking requirement for debt forgiveness participants has been increased to 20% to drive the sUSD back to its peg.

Synthetix strengthens the sUSD peg through the SCCP-409 proposal, raising the sUSD staking requirement for debt relief participants to 20%, prompting sUSD to recover to $1.00. Please note the change in staking requirements; those who do not meet them will have their debt relief suspended. Additionally, treasury buybacks, liquidity incentives, and Infinex activities will be implemented to support this initiative.
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SUSD-3.06%
SNX-5.41%
05:39

Synthetix will restore the sUSD peg to 1 USD, which will increase the collateral requirement for the 420 pool.

Odaily News Synthetix announced that its stablecoin sUSD will restore to the target of 1 USD, and starting from June 2 at 23:59 UTC, SNX debt collateralizers will be required to increase the collateral ratio of sUSD in pool 420 from 10% to 20%, otherwise, the debt exemption will be suspended. Previously, due to user dumping, sUSD once fell to 0.70 USD. The official stated that restoring the peg will help advance the SIP-420 proposal and the subsequent v4 contract deployment on the Ethereum Mainnet.
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SNX-5.41%
SUSD-3.06%
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03:27

4E: The risk of US-China tariffs is rising, US stocks have hit their largest fall of the year, and encryption assets have declined.

Gate.io News bot, according to 4E monitoring, concerns about the escalation of the tariff war between China and the United States overshadowed the good news of the slowdown in CPI in the United States in March, and the market risk sentiment quickly heated up, and the U.S. stock market failed to extend the previous day's rebound on Thursday, and once plunged sharply in the intraday. As of the close, the S&P 500 index fell 3.5%, and once fell to 6.3% intraday, approaching the first-level circuit breaker threshold, the largest intraday decline since March 2020; The Nasdaq fell 4.31% and the Dow fell 2.5%; The "Big Seven" tech stocks collectively fell hard, with the underlying index falling 6.67%. The crypto market pulled back in tandem, with Bitcoin retreating from the previous day's high of $82,000 to a low of $78,464, and BTC was trading at $80,589 at press time, down 1.27% in 24 hours. Among the top 10 mainstream coins, Ethereum fell the most, falling below $1,500 at one point and now trading at $1,541, down 4.2% in the last 24 hours due to the whale sell-off and sUSD de-anchoring.
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BTC1.1%
ETH-2.59%
SUSD-3.06%
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