🚀 Crypto market update: Synthetix's sUSD is struggling as it loses its $1 value, hitting a 5-year low! 😬

- sUSD dropped to $0.83 on April 10, raising concerns about a "death spiral" similar to TerraUSD (UST).

- Rob Schmitt from Cork Protocol believes the risks still exist, but Synthetix has a $30 million reserve fund to counter this threat.

- Kain Warwick, the founder of Synthetix, is confident that the new mechanism will stabilize the value of sUSD.

What do you think about this situation? Share your thoughts below! 👇