Synthetix Founder's 'The Stick': Will it Fix the sUSD Depeg?
The landscape of decentralized finance (DeFi) can be ruthless. When a stablecoin departs from its peg, it sends ripples throughout the ecosystem. Most recently, sUSD — the Synthetix network stablecoin — experienced a significant depeg. On April 18, its price dropped below that value, falling as low as $0.68. This...