BlockBeats News, May 30th. According to official information from Synthetix, to restore the 1:1 peg of sUSD to the US Dollar, starting from June 2nd at 23:59 UTC, SNX debt stakers need to increase their sUSD collateralization ratio from 10% to 20% to continue benefiting from the debt forgiveness (jubilee) policy.
Previously, due to some debt stakers selling off sUSD after receiving debt forgiveness, the price dropped to as low as $0.70. Although measures such as implementing a 10% collateralization requirement have helped the sUSD price recover to $0.96, the final peg restoration still faces challenges. Synthetix stated that after achieving price stability for sUSD, they will continue to advance core initiatives such as 420 pool operations and perpetual contracts on the Ethereum mainnet.
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