📉 Uh-oh! The $sUSD stablecoin from Synthetix is crashing hard, dropping to just $0.66! 😳 Why? Well, blame it on SIP-420 – that new proposal shifted the debt risks from stakers to the protocol itself.

With SIP-420 in place, the collateral ratio plummeted from 450% to 200% and old debts now come with a 12-month delay. 🕒 Talk about a major disincentive for stakers to pay up or grab those cheap stablecoins!

To make things even worse, seller pressure is piling on. The biggest risk for $sUSD? Its collateral structure in SNX. If the token price drops, so does the collateral! 😱 When panic hits the market, everyone rushes for the exit, triggering a domino effect. We've seen this movie before with LUNA/Terra... 🎢 Be careful out there!