Synthetix founder Kain Warwick stated that if stakers do not participate in the newly launched $sUSD 420 staking pool, pressure will be increased to force cooperation. The pool went live on April 18, allowing stakers to lock $sUSD for one year to receive 5 million $SNX rewards. The $sUSD stablecoin has recently experienced severe de-pegging, dropping as low as $0.68. Warwick emphasized that the responsibility lies with the stakers, and the team has shifted from "carrot" incentives to "stick" warnings. (Cointelegraph)
All You Need to Know in 10s