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Synthetix Finalizes SIP-423 Update: sUSD Deprecated and SNX Supply Adjusted
The decentralized liquidity provisioning protocol Synthetix has announced the successful implementation of the SIP-423 proposal, marking a significant structural shift for the project. This update, described by the deve…
Synthetix Governance Approves sUSD Retirement and SNX Repayment Plan
The Synthetix governance council has officially voted to approve SIP-423, a proposal that initiates the gradual retirement of its native stablecoin, sUSD. This strategic move aims to resolve the persistent depegging of …