Wu said that according to parsec analysis, the decoupling of Synthetix stablecoin sUSD is not due to non-performing debt or mechanism failure, but rather a side effect of SIP-420. The introduction of SIP-420 means that SNX stakers are no longer individuals casting sUSD and managing their own debts, but entrusting funds to a shared pool to achieve effects such as no liquidation and no personal debt; But due to the concentration of debt in the public pool, when the sUSD trading price deviates from the anchor value, the pledger has no direct interest drive and no incentive to buy sUSD at a low price to repay the debt - because this is no longer their debt, and the self regulatory defense mechanism that once existed has now disappeared. In addition, over $80 million of SNX has flowed into the 420 pool, and the increase in holdings driven by Infinex activity has led to a significant expansion in the supply of sUSD. However, there is no corresponding demand to offset the increase in supply, and the market lacks pressure to restore anchor values. The Synthetix team stated that they are establishing new demand channels, such as integrating with Aave and Ethena and strengthening the Curve incentive mechanism. At present, the sUSD has decoupled by over 13% and fallen to 0.87 US dollars. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&i