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- Hey Square fam! How many Alpha points have you racked up lately?
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1️⃣ Make a post with the hashtag #ShowMyAlphaPoints#
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👉 Bonus: Share your tips for earning points, redemption experienc
- 🎉 The #CandyDrop Futures Challenge is live — join now to share a 6 BTC prize pool!
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Dare to trade. Dare to win.
Synthetix: The sUSD staking requirement for debt forgiveness participants has been increased to 20% to drive the sUSD back to its peg.
PANews reported on May 30 that Synthetix announced on platform X that the SCCP-409 proposal has been approved, providing additional support for the peg of sUSD. The sUSD staking requirement for jubilee participants has increased from 10% to 20%. Currently, it is still possible to purchase the required sUSD at a price below 1 USD. This change aims to drive sUSD back to 1.00 USD. It will be implemented alongside the following measures: treasury buybacks, liquidity incentives, and Infinex activities. If users are participating in the jubilee, they must now stake 20% of the original debt in sUSD to continue reducing their debt; otherwise, their debt forgiveness will be indefinitely suspended until this requirement is met.