Solayer Labs leverages hardware-accelerated solutions for ultra-low latency and high throughput, introducing a comprehensive financial ecosystem with native assets like sSOL and sUSD. Its restaking protocol and SVM compatibility enhance yield and developer efficiency, preparing for advanced applications.

Synthetix has relaunched the SN staking mechanism, allowing users to stake SNX in the 420 pool on the Ethereum Mainnet and share a reward of 5 million SNX. Rewards will start accumulating from May 28 and will be unlocked after the lock-up period ends. The new mechanism has lowered the participation threshold and provides flexible principal withdrawals, but early exits will result in loss of rewards. The sUSD staking channel has also been opened, with a reward pool of 5 million SNX, but the staked funds will be fully locked for 12 months.

Techub News reports that Synthetix has announced the launch of a daily buyback program for sUSD with a maximum limit of $1 million to address the recent price decoupling of sUSD. Synthetix stated that the buybacks will be conducted through Exchange Trading, rather than OTC Trading.

Author: SK Arora, CoinTelegraph; Translated by: Bai Shui, Golden Finance 1. sUSD depegging explained: Why the Synthetix stablecoin fell below $0.70 There was a major and worrying event in the cryptocurrency space: the value of the Synthetix protocol's native stablecoin, sUSD, plummeted to $0.68 on April 18, 2025. The recent plunge means that its expected pegged exchange rate of 1:1 with the US dollar has deviated significantly by 31%, and this level is fundamental to the concept of stablecoins. As the name suggests, stablecoins aim to maintain price stability, which is crucial for their role as a reliable store of value in decentralized finance (DeFi) applications. For stablecoins like sUSD, maintaining price stability is crucial to ensuring confidence in their use.

Synthetix's stablecoin sUSD was questioned due to decoupling issues, and founder @kaiynne launched a new staking mechanism to return to anchoring, but sUSD still fell below $0.8 again. According to the update, the new mechanism needs to be operated manually for the time being, which is flashy. @kaiynne At the same time, stress to stakers that progress needs to be driven and pressure exerted. The sUSD price fell again, by 11.1%. These challenges require the SNX community to actively address them.

The recent depeg incident involving sUSD from Synthetix has highlighted that this sector remains fraught with risks despite the immense potential of algorithmic stablecoins

Key Notes Synthetix (SNX) has skyrocketed 7% in the past day, reaching a daily high of $0.6851. SNX has formed a falling wedge pattern on the daily chart, suggesting a breakout to $1.82. Overall, SNX is down more than 21% in the past week after the depeg of sUSD stablecoin. The price of Synthe

The DeFi protocol Synthetix, which allows users to create and trade synthetic assets, announced late yesterday (18th) the official launch of the 420 Pool to address the sUSD depeg crisis. The goal is to incentivize SNX stakers to deposit sUSD by offering high rewards to increase the demand for sUSD and promote the price to return to the $1 peg. (Background: sUSD stablecoin depegged by 16%: Is it a case of mechanism failure or a buying opportunity?) (Additional context: Another stablecoin has depegged! Synthetix's sUSD once plummeted to $0.925, what happened?) Since the depeg situation arose at the end of March, the stablecoin sUSD under the DeFi protocol Synthetix, which allows users to create and trade synthetic assets, has now been more than two weeks.

sUSD, the stablecoin of the Synthetix protocol, has dropped below $0.7, but Synthetix remains confident citing past resilience, risk management strategies & market factors contributing to the drop. The article emphasizes the overall stability challenges faced by the sUSD.

sUSD, the algorithmic stablecoin in the Synthetix ecosystem, has suffered a significant depeg, dropping below $0.7 due to concerns over its collateral mechanism and liquidity shortage. This decline follows a series of decreases, with the stablecoin down by 8.8% in 24 hours and 29.3% over 30 days. The recent protocol changes have destabilized sUSD, leading to fears of further decline similar to Terra's UST. Despite some optimism about potential support from Synthetix's treasury, uncertainty remains high regarding sUSD's future.

The Synthetix-based stablecoin sUSD lost its peg to the dollar, raising concerns about stability mechanisms. Efforts to address the depeg issue have not yet succeeded, affecting investors' confidence. This situation mirrors earlier depeg incidents, including TerraUSD.

Gate Research Institute Weekly Report: After a rebound this week, the price is currently in the repair stage, and the overall price remains in a volatile range. Soneium and EigenLayer jointly launched a 10-second block confirmation layer to significantly improve L2 performance. KiloEx lost $7 million in a flash loan attack, and DeFi security is back in the spotlight. In March, miners sold more than 40% of BTC output; The escalation of the risk of sUSD de-pegging sparked panic in the market, and the Panamanian capital was the first to accept crypto payments.

> DeFi deregulation, the repeal of the Broker Act, the CAKE governance attack, and the continued de-pegging of sUSD, resuming recent thinking on DeFi. Written by: Chen Mo 1/ sUSD keeps de-anchoring, why hasn't it been fixed? Since the adoption of the SIP-420 proposal at the beginning of the year, sUSD has been de-anchored, and has recently entered a serious de-anchoring range of less than $0.9, and the key change in this proposal is the introduction of "delegation pools", which are designed to encourage users to mint sUSD through this mechanism, and the benefits are The 200% collateral ratio ( was originally designed at 500%+) Debt can be transferred linearly to the agreement After the full transfer, the user does not need to pay back The protocol dissolves the debt through profitable means and $SNX appreciation The advantages are obvious, elevated

Web3 developers and content creators take note! One of the most anticipated high-performance blockchain projects this year, Solayer Labs, has officially launched a bounty task for content collection regarding its core technology InfiniSVM. The total bounty amounts to 3000 sUSD, with a grand prize of 800 sUSD, and priority access to the Solayer Testnet along with exclusive identity group verification. What is InfiniSVM? A hardcore new chain with millions of transactions per second. The InfiniSVM being developed by Solayer is a hardware-accelerated SVM (Solana Virtual Machine) blockchain designed for extreme scalability and throughput. Its core highlights include: Transaction processing capability exceeds 1 million TPS Network bandwidth reaches

The Synthetix USD stablecoin (sUSD) of the Synthetix protocol has hit its lowest level in the past 5 years, continuing a series of challenging days in maintaining the exchange rate of 1 USD. Since the beginning of 2025, the price of sUSD has been continuously unstable. On January 1st, this stablecoin dropped to 0.96 USD and only recovered to 0.99 USD at the beginning of the month.

sUSD, issued by Synthetix, has dropped below $1 peg, reaching $0.83 due to oversupply concerns and peg restoration mechanisms in transition. Synthetix founder reassures stability despite sUSD's poor performance and SNX token accumulation.

Solayer Labs, the developer of stake protocol Solayer on Solana, announced that it is developing a hardware-accelerated solution based on SVM (Solana Virtual Machine) called InfiniSVM. As a key step in Solayer's vision, InfiniSVM will redefine the possibilities of blockchain technology with high performance and dynamic scalability. (Solayer and OpenEden jointly promote the "tokenized US debt stablecoin sUSD", with just 5 dollars to participate) Solayer 2025 Roadmap Solayer Labs' latest tweet shows that their 2025 roadmap mainly focuses on the launch of Solayer InfiniSVM. According to Solayer

Cryptocurrency analysis firm Santiment has released a list based on the focus of developers in ERC-20 altcoins. Chainlink (LINK) tops the list, followed by Susd (SUSD) and Synthetix (SNX). Interestingly, Ethereum (ETH) does not make it to the top three, but ranks fourth on the list. The ERC-20 altcoins that developers have focused on the most in the past month are ranked as follows: Chainlink (LINK), Susd (SUSD), Synthetix (SNX), Ethereum (ETH), Ethstatus (SNT), Decentraland (MANA), Holo (HOT), Injective (INJ), Request Network (REQ), and Graph Protocol (GRT).

The latest summary of popular projects released by Gate.io Institute shows that the Solana ecosystem has been innovating and attracting market attention. The successful financing of daos.fun, the leading TVL rise of Jupiter's ApePro platform, the prosperity of the LSTs market, and the smooth issuance of sUSD have collectively promoted the rapid development of the Solana ecosystem. In addition, the upgrade of the BTCSidechain Stacks and the success of Lido V3 have injected new vitality into the entire blockchain industry. These developments indicate that blockchain technology is playing an increasingly important role in driving financial innovation and improving asset liquidity.

Gate Research Institute's weekly report shows that BTC and ETH have performed strongly this week, with increases of 8.53% and 5.30% respectively. The Hong Kong Monetary Authority is collaborating with the Central Bank of Brazil and the Central Bank of Thailand on a cross-border tokenization project. NYSE has submitted rule changes for 8.800-E and an application for the listing of the Grayscale Digital Large Cap Fund. The lending volume of Lido V3 has exceeded $1 billion. sUSD has been well-received upon its launch, with deposits exceeding $10 million within the first hour. This week, a total of 16 projects announced financing totaling $110 million, covering a wide range of applications in infrastructure, Decentralized Finance, gaming, and other fields.