💥 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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Minimum 80 words
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Include CandyDrop or Launchpool participation screenshot
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🥇 1st
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.