Synthetix Governance Votes to Retire sUSD at 1:4 SNX Ratio on June 23

SNX-5.12%
SUSD-3.88%
According to BlockBeats, on June 23, Synthetix governance voted to retire sUSD under SIP-423, paying holders locked SNX at a 1:4 ratio. SNX tokens will be locked for one year from the freeze date, followed by one year of linear unlocking. The proposal was submitted by Synthetix founder Kain Warwick and core contributor Benjamin Celermajer. sUSD currently trades at approximately $0.25, a significant departure from its $1.00 peg.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments