【Synthetix Founder Announces Latest Progress on sUSD Depegging: Mainnet Pre-Deposit Event Will Ultimately Restore Its Peg】On August 9, news broke that Synthetix founder Kain released the latest progress regarding the sUSD depegging issue, with the current sUSD price at $0.990619, set to restore its peg. Although this period has been harsh, the upcoming mainnet pre-deposit event will ultimately allow sUSD to return to normal. Previously, on April 18, the Synthetix stablecoin sUSD depegged to $0.7. Synthetix subsequently announced an emergency solution, and the USD 420 pool will be launched with incentives. SNX stakers in the 420 pool can deposit sUSD to receive a share of 5 million SNX over 12 months as a reward. The deposited sUSD will be locked for one year and can be fully withdrawn after the event concludes.
