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Cointelegraph · Apr 21, 2025 6:18 AM EDT TransportCrypto

Synthetix founder threatens SNX stakers with ‘the stick’ to fix SUSD depeg

Synthetix founder Kain Warwick has threatened SNX stakers with “the stick” if they don’t take up a newly launched staking mechanism to help fix the protocol’s ongoing sUSD (SUSD) depeg.Warwick said in an April 21 post to X that it has now implemented a sUSD staking mechanism to address the depeg, but admitted it is currently “very manual” without a proper user interface. However, once the UI goes live, Warwick said,…

Synthetix founder threatens SNX stakers with ‘the stick’ to fix SUSD depeg
Image Cointelegraph

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