Odaily Planet Daily News - Synthetix announces the launch of a daily maximum repurchase plan of $1 million for sUSD to address the recent drop in sUSD price to $0.93. The plan will be carried out through open market operations, aiming to support market forces and restore the peg of sUSD to the US dollar. Previously, Synthetix has introduced several measures, including the Infinex reward program and the sUSD staking plan for the 420 Pool, which currently has an annualized yield of 72% and requires participants to maintain a 10% sUSD staking ratio. These measures have initially stabilized the sUSD price. Synthetix emphasizes that the long-term goal is to maintain the stability of sUSD through natural market demand rather than relying on incentives or repurchases. This repurchase plan is seen as a temporary measure during the transition period, aimed at maintaining the protocol's reputation and supporting the stability of the DeFi ecosystem.