Synthetix: sUSD collateral requirements for debt forgiveness participants have been increased to 20% to push sUSD back to peg

PANews reported on May 30 that Synthetix said on the X platform that the SCCP-409 proposal has been approved, providing additional support for the anchoring of sUSD. The sUSD pledge requirement for debt amnesty (jubilee) participants has been increased from 10% to 20%. At present, it is still possible to purchase the required sUSD at a price below $1. This change is intended to push sUSD back to $1.00. It will be implemented in parallel with the following measures: treasury repurchase, liquidity incentives, Infinex activities. If a user is participating in a debt amnesty, he must now pledge 20% of the original debt in sUSD to continue to reduce the debt, otherwise his debt amnesty will be suspended indefinitely until this requirement is met.

Share to:

Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

Follow PANews official accounts, navigate bull and bear markets together
Recommended Reading
2025-10-15 09:44
2025-08-26 16:02
2025-06-06 11:13
2025-06-01 10:28
2025-05-26 05:55
2025-05-24 01:52

Popular Articles

Industry News
Market Trends
Curated Readings

Curated Series

App内阅读