Synthetix： Proposed to readjust incentive measures to restore sUSD anchoring and lay the foundation for L1 and Perps V4 Synthetix founder Kain posted a blog post titled 'sUSD: The Road to Restarting Anchoring', elaborating on the path to readjusting incentive measures, restoring sUSD anchoring, and laying the foundation for Perps V4 on L1 and snaxChain. At the end of 2024, when SNX fell below $1, Synthetix launched a "debt forgiveness" plan, concentrating historical sUSD debt in the on chain 420 Pool. Although avoiding a liquidation crisis, it disrupted sUSD's arbitrage anchoring mechanism. To restore sUSD to $1, incentive measures need to be reintroduced: positive incentives include pledging sUSD to 420 Pool to receive SNX inflation rewards; Negative incentives require the pledger to deposit a certain percentage of sUSD (initially 5-10% of outstanding debt), and if the target is not met, debt relief will be suspended, and the percentage will be increased when the anchor deviates. At the same time, optimize the staking model, implement SNX pooling staking, create a new 420 Pool to accept new collateralized assets, expand the supply of sUSD without liquidation risks, initially including USDC, and later expand to other DeFi tokens. With the readjustment of incentive measures and the restoration of anchoring, the old v2/v2x systems will be phased out, and debt and liquidity will be integrated into the new pledge only pool; Launch Perps V4 on the Ethereum mainnet, which supports multi collateral and off chain order matching; Launching snaxChain on a dedicated Superchain application chain, hosting options and perpetual contract markets; An additional 170 million SNX will be minted as an incentive pool, bringing the total supply to 500 million tokens. The new token will be deployed on snaxChain and dedicated to incentives.