susd

Synthetix Founder Goes Rogue! Will 'The Stick' Save sUSD or Break DeFi?

Synthetix Founder Goes Rogue! Will 'The Stick' Save sUSD or Break DeFi?

Alright degenerates, it’s time to check out the drama heating up in the Synthetix world. It’s like a reality show where your life savings in crypto are at stake. At the same time, the celebrity judge is going full Gordon Ramsay on these poor contestants. Fortunately, the founder, Kain Warwick,...

Synthetix Founder's 'The Stick': Will it Fix the sUSD Depeg?

Synthetix Founder's 'The Stick': Will it Fix the sUSD Depeg?

The landscape of decentralized finance (DeFi) can be ruthless. When a stablecoin departs from its peg, it sends ripples throughout the ecosystem. Most recently, sUSD — the Synthetix network stablecoin — experienced a significant depeg. On April 18, its price dropped below that value, falling as low as $0.68. This...

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