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Synthetix launches 420 pool plan to deal with the anchoring of sUSD, with an annual award of 5 million SNX

PANews|Apr 18, 2025 12:14

According to Synthetix's announcement, the platform will launch the "sUSD 420 Pool" in 36 hours to encourage SNX mortgagors to deposit sUSD to address their anchoring issues. A total of 5 million SNX rewards will be issued throughout the year, with an average of approximately 13698 rewards per day. Synthetix founder Kain referred to this as the 'least bad instant solution'.

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