$SNX
Synthetix has launched an emergency plan targeting the "de-pegging of stablecoin sUSD". The USD 420 pool will be activated in 36 hours and incentives will be available. SNX stakers in the 420 pool can deposit sUSD to share in the issuance of 5 million SNX rewards over the next 12 months. It is important to note that the deposited sUSD will be locked for one year and can be fully withdrawn after the event ends; the SNX rewards obtained will also be locked and will gradually unlock within 3 months after the event concludes.
Regarding this emergency plan, Synthetix founder Kain stated: "This is one of the worst immediate solutions to create demand for sUSD from the user base."