Synthetix Founder Calls on Stakers to Fix sUSD Depeg

The Synthetix protocol is facing pressure to stabilize its sUSD stablecoin, prompting founder Kain Warwick to appeal directly to stakers for a solution. The value of sUSD has fallen below its intended $1 peg, and the new sUSD 420 staking pool aims to incentivize participation by offering rewards in exchange for locking up sUSD tokens. However, time is running out as Warwick warns that those who fail to participate may face consequences if incentives alone aren’t enough.