Odaily Planet Daily reported that Kain, the founder of Synthetix, has changed the username of his personal X account to kain.depeg (depegging). Additionally, in response to community concerns about the sUSD depegging issue, Kain stated, "No one wants to see a depegging happen, and multiple solutions are currently being researched."

Previously, it was reported that sUSD has been persistently depegged. According to Parsec analysis, the recent depegging of the Synthetix stablecoin sUSD is not due to bad debt or protocol failures, but rather a side effect of the SIP-420 mechanism adjustment. SIP-420 introduced a shared debt pool mechanism, where SNX stakers no longer mint sUSD individually and bear personal debt, but instead delegate their funds to a public pool, achieving a structure without liquidation and personal debt. However, when the price of sUSD deviates from its peg, stakers no longer have the incentive to repurchase sUSD at low prices to repay debts, leading to the failure of the protocol's original self-regulating mechanism.

The founder of Synthetix has changed his personal X username to kain.depeg (depeg).