Synthetix Proposes SIP-423 to Retire sUSD at Par Value, Compensate Holders With Locked SNX on June 12
According to ChainCatcher, Synthetix founder Kain Warwick and core contributors proposed SIP-423 on June 12 to retire sUSD, marking the protocol's first proposal to sunset rather than fix the stablecoin. sUSD currently trades around $0.25, a 75% deviation from its $1 peg. Under the proposal, each sU
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