Synthetix founder Kain updated on the sUSD depegging issue, with the current price at 0.990619 USD, and it is expected to re-peg. Previously, the sUSD price fell to 0.7 USD, and Synthetix took emergency measures by launching a USD 420 pool to incentivize SNX stakers to deposit sUSD and provide rewards.

BlockBeats news, on July 10th, Solayer officially announced on social media that Liquidity.Land has launched a new deposit points acceleration rewards program, where using sUSD and sSOL can earn an additional 4% and 7.68% points rewards.

Golden Finance reported that the synthetic asset protocol Synthetix officially announced that due to the unstable Rollup infrastructure, Synthetix often faces downtime. As part of the transition to the Synthetix Mainnet, all L2 deployments will gradually cease, and new deposits in the LP vaults are currently disabled. On July 7, leveraged tokens, as well as perpetual and LP vaults, are expected to be fully deprecated. Traders and liquidity providers (LPs) are advised to migrate their assets to the Ethereum on-chain. After the launch of the Synthetix Mainnet, early deposit vaults for sUSD and sUSDe will be introduced, along with incentive programs for points and gated trading competitions.

Synthetix founder kain.avax revealed on the X platform that a new client project has been built using Cursor, with Claude Opus submitting a 10,000-line code PR, and the project is now operational. At the same time, after the sUSD decoupling, the SCCP-409 proposal has been approved to increase the sUSD stake for debt relief participants to 20%, promoting the restoration of sUSD's peg.

Synthetix founder Kain.avax has built a new project development environment on the X platform, introducing servers/databases to make the project stronger. Claude Opus submitted a Pull Request with 10,000 lines of code, and Kain.avax successfully rebuilt the project in 40 minutes, bringing it close to operational status. Proposal SCCP-409 has been passed to provide additional support for Synthetix's stablecoin sUSD, with debt forgiveness participants needing to increase sUSD stake to 20% to help restore sUSD's peg.

According to BlockBeats, on May 30, Solayer's RWA stablecoin sUSD has been expanded to the Base network through Wormhole NTT, achieving native multi-chain support. With NTT, the token can reduce liquidity fragmentation while maintaining control over token ownership, metadata, and upgrade capabilities.

Synthetix strengthens the sUSD peg through the SCCP-409 proposal, raising the sUSD staking requirement for debt relief participants to 20%, prompting sUSD to recover to $1.00. Please note the change in staking requirements; those who do not meet them will have their debt relief suspended. Additionally, treasury buybacks, liquidity incentives, and Infinex activities will be implemented to support this initiative.

Odaily News Synthetix announced that its stablecoin sUSD will restore to the target of 1 USD, and starting from June 2 at 23:59 UTC, SNX debt collateralizers will be required to increase the collateral ratio of sUSD in pool 420 from 10% to 20%, otherwise, the debt exemption will be suspended. Previously, due to user dumping, sUSD once fell to 0.70 USD. The official stated that restoring the peg will help advance the SIP-420 proposal and the subsequent v4 contract deployment on the Ethereum Mainnet.

Odaily Planet Daily News Market data shows that sUSD continues to fall and is now at $0.773, which has been de-anchored by 22.7%.

Odaily Planet Daily News shows that sUSD continues to be unanchored, and the current price is $0.816, which has been de-anchored by 18.4%. In previous news, Parsec analyzed that the de-anchoring of sUSD was caused by the change of the SIP-420 mechanism, and it was not a non-performing debt problem.

Gate.io News bot, according to 4E monitoring, concerns about the escalation of the tariff war between China and the United States overshadowed the good news of the slowdown in CPI in the United States in March, and the market risk sentiment quickly heated up, and the U.S. stock market failed to extend the previous day's rebound on Thursday, and once plunged sharply in the intraday. As of the close, the S&P 500 index fell 3.5%, and once fell to 6.3% intraday, approaching the first-level circuit breaker threshold, the largest intraday decline since March 2020; The Nasdaq fell 4.31% and the Dow fell 2.5%; The "Big Seven" tech stocks collectively fell hard, with the underlying index falling 6.67%. The crypto market pulled back in tandem, with Bitcoin retreating from the previous day's high of $82,000 to a low of $78,464, and BTC was trading at $80,589 at press time, down 1.27% in 24 hours. Among the top 10 mainstream coins, Ethereum fell the most, falling below $1,500 at one point and now trading at $1,541, down 4.2% in the last 24 hours due to the whale sell-off and sUSD de-anchoring.

Odaily News According to market data, sUSD continues to decouple, with a minimum price reaching 0.869 USD, and the current quote is 0.906 USD.

Odaily Planet Daily News: Perena officially announced on the X platform that users who deposited in the @solayerlabs sUSD rise pool on Numéraire before January 10, 2025 have been included in the Solayer presale Allowlist. Each person can subscribe up to 3,000 USDC or USDT, or the equivalent amount of SOL, WIF, BONK, sUSD, and

Odaily Planet Daily News Synthetix announced in a post on X that it has launched a wrapper on Optimism to convert USDC to sUSD, with a cap of 70 million USD and zero fees, making it easier to convert to sUSD. This upgrade includes two key changes: •Deployment limit for USDC wrapper is 70 million US dollars; • Once the major integrators implement support for the new USDC wrapper, USDe will be gradually phased out.

Odaily Planet Daily News Ethena Labs announced on the X platform that sUSDe has been integrated as a collateral asset into Aave, and sUSDe will be added to the Ethereum and Lido instances. It is reported that the integration will allow users to earn APY income on sUSD in the Aave coin market, while being able to borrow other stablecoins USDS and USDC at a lower interest rate. sUSD on Aave can also earn Ethena 3rd

Solayer and OpenEden announced the launch of Stable CoinsUSD backed by US Treasury Bonds on Solana, which is the first among their many tokenized real-world assets. Solayer states that anyone can gain access with just $5.

Odaily Star Daily News Solayer announced on the X platform that it has launched a synthetic stablecoin Solayer USD (sUSD) supported by RWA, and Solayer said sUSD.

Golden Finance reported that Decentralized Finance Derivatives protocol Polynomial announced the integration of Ethena into the Ethereum Layer2 Polynomial Chain. Polynomial hopes to enhance its on-chain Liquidity layer by pairing the liquidity yield with Ethena's interest rate. Users can achieve a 5x yield boost by entering their sUSD into its Liquidity layer.

Golden Finance reported that according to data disclosed by Pendle on the X platform, the hard cap for sUSDe deposits of Ethena Labs stablecoin has been raised to $400 million in July 2024, with the current value reaching $371 million.