Upbit and Bithumb suspend Synthetix token deposits, citing sUSD risks
South Korean exchanges Upbit and Bithumb have suspended deposits for Synthetix (SNX) tokens after it was flagged by the Digital...
sUSD
Synthetix founder threatens SNX stakers with ‘the stick’ to fix SUSD depeg
Synthetix founder Kain Warwick has threatened SNX stakers with “the stick” if they don’t take up a newly launched staking...
Synthetix’s sUSD stablecoin continues fall after depeg, tapping $0.68
The Synthetix protocol’s native stablecoin, Synthetix USD (SUSD), has slipped further away from its US dollar peg, reaching new all-time...
Synthetix’s sUSD stablecoin sees continued depeg to $0.86
This is a segment from the 0xResearch newsletter. To read full editions, subscribe. What happens when a stablecoin isn’t stable,...
Synthetix Stablecoin (sUSD) Depegs, Drops to $0.83
The synthetic USD (sUSD) stablecoin, issued by Synthetix, has plunged below its $1.00 peg, sinking as low as $0.83 before...
DeFi platform Synthetix to discontinue usage of SNX protocol
Kain Warwick, founder, Synthetix, a decentralised finance (DeFi) protocol, has given a proposal of turning off high yield returns for...
Prominent investor speculates why Terra’s algo-stablecoin (UST) triumphed over Synthetix (sUSD)
As the market capitalization of Terra’s algorithmic stablecoin that tracks the value of the US dollar topped $8.5 billion–investors speculate...