💥 Gate Square Event: #PTB Creative Contest# 💥
Post original content related to PTB, CandyDrop #77, or Launchpool on Gate Square for a chance to share 5,000 PTB rewards!
CandyDrop x PTB 👉 https://www.gate.com/zh/announcements/article/46922
PTB Launchpool is live 👉 https://www.gate.com/zh/announcements/article/46934
📅 Event Period: Sep 10, 2025 04:00 UTC – Sep 14, 2025 16:00 UTC
📌 How to Participate:
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Include CandyDrop or Launchpool participation screenshot
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🥇 1st
Synthetix will restore the sUSD peg to 1 USD, which will increase the collateral requirement for the 420 pool.
Odaily News Synthetix announced that its stablecoin sUSD will be restored to the target of 1 USD, and starting from June 2 at 23:59 UTC, SNX debt collateral users will be required to increase the sUSD collateral ratio in Pool 420 from 10% to 20%, otherwise debt exemptions will be suspended. Previously, due to user dumping, sUSD once fell to 0.70 USD. The official stated that restoring the peg will help advance the SIP-420 proposal and the subsequent deployment of v4 contracts on the Ethereum Mainnet.