Kain Warwick is a responsible guy and working with a good team, the pegging is not that an issue anymore and it can resolve within this year.

sUSD in Trouble: Synthetix Founder Calls on Community to Save the Peg!

📉 What Is Happening?
sUSD is a stablecoin made by Synthetix. It’s supposed to stay at $1, but right now it’s around $0.66, which means it has lost its peg.
This is a big problem because people expect stablecoins to always be worth $1.

🔧 What Caused the Depeg?
A recent update called SIP-420 changed how the system works:
• It made it easier for people to mint (create) sUSD with SNX tokens
• It lowered the amount of SNX needed to mint sUSD
• It also forgave $60 million of old debt for stakers

But because of these changes, fewer people are buying sUSD — and that’s making it hard to keep its value close to $1.

🆘 What’s the Plan Now?

Synthetix founder Kain Warwick has asked the community to help fix the issue. Here’s the plan:
• SNX holders can lock their sUSD in a new pool
• In return, they’ll get a reward of 5 million SNX tokens
• The sUSD will be locked for 1 year
• The rewards will start unlocking after 3 months

Kain admitted this isn’t a perfect solution, but it’s necessary right now.

🔄 What Else Is Being Done?
To help fix the peg, the team is:
• Selling ETH to support SNX
• Creating better rewards and incentives
• Looking for new ways to increase demand for sUSD

✅ Conclusion:
The sUSD depeg is a serious issue, but it can be fixed if the community helps.

If you hold SNX, this is your chance to support the system and earn rewards.
Follow for updates — and stay alert!

Crypto moves fast. Be smart, be ready. 🚀💰