Event JSON
{
"id": "f4091a1ccdff421b1600cce4a593935b33ade2715411188536672271f106c592",
"pubkey": "2a31ad2763ec02a3d5dceee4f02c0cc200d856dba83b24708f891f257aa3bd2d",
"created_at": 1744978755,
"kind": 1,
"tags": [
[
"r",
"https://decrypt.co/315338/synthetixs-susd-stablecoin-depegs-to-new-low-of-0-66"
],
[
"subject",
"Synthetix’s sUSD Stablecoin Depegs to New Low of $0.66"
],
[
"published_at",
"1744978453"
],
[
"image",
"https://cdn.decrypt.co/wp-content/uploads/2025/04/susd-flames-gID_7.jpg"
],
[
"p",
"2a31ad2763ec02a3d5dceee4f02c0cc200d856dba83b24708f891f257aa3bd2d",
"wss://relay-testnet.k8s.layer3.news"
],
[
"imeta",
"url https://cdn.decrypt.co/wp-content/uploads/2025/04/susd-flames-gID_7.jpg"
],
[
"t",
"crypto:perspective"
],
[
"summary",
"The implementation of the SIP-420 upgrade on March 7, which restructured how debt is handled in the protocol, has led to a month-long depegging trend. The change moved from individual SNX stakers backing sUSD to a shared debt pool, slashing the collateralization ratio from 750% to 200%. This has weakened key peg-support incentives, leading to the current instability."
]
],
"content": "nostr:nprofile1qy3hwumn8ghj7un9d3shjtt5v4ehgmn9wshxkwrn9ekxz7t9wgejumn9waesqgp2xxkjwclvq23ath8wunczcrxzqrv9dkag8vj8prufrujh4gaa95mzysv4\nhttps://cdn.decrypt.co/wp-content/uploads/2025/04/susd-flames-gID_7.jpg\nThe Synthetix protocol stablecoin dropped to a new low this week, extending its month-long depegging trend.\nhttps://decrypt.co/315338/synthetixs-susd-stablecoin-depegs-to-new-low-of-0-66",
"sig": "1f396fa63ff0d0d216eb8fc53d6b467c596bf925601fb6bc6e82ba395329548233c858009974cff735e68a3233c3ca730df5a023d95b81792590695ec9214c51"
}
