The founder of Synthetix Kain Warwick Snx Stakers threatened with “The Stick” if they did not take the newly launched Staking mechanism to help the continuous protocol reform.
Warwik He said In a publication on April 21 to X, she has now implemented the SUD Staking mechanism to treat Depeg, but she admitted that she is currently “very manual” without a suitable user interface.
However, as soon as the user interface returns directly, Warwick said, if there is not enough momentum, they may have to “increase pressure” on the Sus Sus Sus Swame 420.
Susd 420 new mechanisms was foot On April 18 by Synthetix, which would reward the participants with a share of 5 million SNX icons for 12 months if they closed SUSD for a year in the complex.
He said: “This is very solution and is the responsibility of Snx Stakers.
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Synthetix Susd is the encrypted stablecoin. Users close SNX SUSD mint symbols, which makes it highly dependent on the market value of Synthetix (SNX).
Stablecoin from Synthetix has faced several instability seizures since the beginning of 2025. On April 18, he took advantage of $ 0.68, a decrease of about 31 % of its connection 1: 1 with US dollars. As of April 21, it is traded by about $ 0.77, According to To data from Coingecko.
SNX Stakers is the Depeg Fix key
Warwick said: “The collective value of SNX Stakers is similar to multiple billions, the money to solve this is there we just need to call in incentives,” Warwick said.
“We’ll start slowly and repeat, but I am sure we will resolve this and go back to building PERPS on L1.”
A spokesman for Synthetix told Cointelegraph on April 18 that SUS in the short term was driven by “structural transformations” after the launch of the SIP-420, a proposal that converts the threat of debt from the legs to the protocol itself.
The other stablecoins has fallen in the past and has recovered. The USDC (USDC) circles were exposed in March 2023 due to Stablecoin source, in which it announced $ 3.3 billion of its reserves with Silicon Valley collapsed.
Related to: How and why Stablecoins Depeg?
Recently, Stablecoin Truess, associated with Tusd, fell by $ 1 in January after reports that their holders were spending hundreds of millions of TUSD against Stablecoin Tether (USDT).
Stable Marketization has grown since mid -2013, exceeding 200 billion dollars in early 2025, with a total sizes of Stablecoin 27.6 trillion dollars, exceeding joint visa sizes and Mastercard by 7.7 %.
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