#SUSD #SNX Synthetix SUSD - repetition of luna collapse?

The cryptocurrency community is actively discussing the SUSD situation. This week, the Synthetix stablecoin price has dropped to $0.66, which is 34% below the $1 target.

✔️ Destabilization:

- In March, Synthetix implemented the SIP-420 upgrade, changing the debt management mechanism.

- The shift from individual SNX staking to a shared pool reduced the collateralization ratio from 750% to 200%.

- This has weakened the incentives to support the SUSD price, causing the stablecoin to lose its peg to the dollar for a month.

✔️ The Synthetix founder is trying to reassure the community, stating that SUSD is not an algorithmic stablecoin, so its price may fluctuate. He remains confident in the project, promising improvements.

✔️ Currently, Synthetix has announced a plan to address the depreciation issue of SUSD.

✔️Common reasons for community dissatisfaction:

- The new system has reduced the motivation for stakers to hold SUSD.

- Low liquidity and imbalances in the AMM pools worsen the situation, leading to significant price swings even with small trades.

- There are concerns about a potential chain reaction and token collapse if people start mass selling their tokens.#BTC