Synthetix founder: If SNX stakers do not adopt the newly launched staking mechanism, they may be put under pressure
04-21 06:41
Odaily News Kain Warwick, founder of Synthetix, said that if SNX stakers do not adopt the newly launched staking mechanism to help solve the sUSD (SUSD) decoupling problem, they will be hit with a "big stick". The sUSD staking mechanism has been implemented to solve the decoupling problem, but he admitted that the mechanism is currently very manual and there is no proper user interface. Once the subsequent UI is launched and the stakers do not cooperate, then they may have to put pressure on the stakers in the sUSD 420 liquidity pool. In addition, a Synthetix spokesperson stated that the short-term volatility of sUSD was caused by the structural changes caused by the launch of SIP-420, and the sUSD 420 liquidity pool has deployed a new staking mechanism. If participants lock sUSD in the pool for one year, they will receive SNX token rewards within 12 months.
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