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Report: Synthetix’s sUSD depegging due to governance upgrade and loss of incentives

Micah Zimmerman
April 12, 2025
report:-synthetix’s-susd-depegging-due-to-governance-upgrade-and-loss-of-incentives
Report: Synthetix’s sUSD depegging due to governance upgrade and loss of incentives
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A new report from on-chain analytics firm Parsec argues that the recent depegging of Synthetix’s stablecoin sUSD is not the result of bad debt or protocol failure—but a direct consequence of governance upgrade SIP-420. The stablecoin, which is designed to…

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