Synthetix創始人Kain Warwick如果他們不幫助修復Susd Depeg，就會威脅SNX Stakers用“棍棒”威脅

Synthetix創始人Kain Warwick如果不採用新推出的Staking機制來幫助修復該協議的持續SUSD（SUSD）DEPEG，則威脅要使用“棍棒”的SNX Stakers。

Synthetix founder Kain Warwick has threatened SNX stakers with “the stick” if they don’t take up a newly launched staking mechanism to help fix the protocol’s ongoing sUSD (SUSD) depeg.

Synthetix創始人Kain Warwick如果不採用新推出的Staking機制來幫助修復該協議的持續SUSD（SUSD）DEPEG，則威脅要使用“棍棒”的SNX Stakers。

Warwick said in an April 21 post to X that it has now implemented a sUSD staking mechanism to address the depeg, but admitted it is currently “very manual” without a proper user interface.

沃里克（Warwick）在4月21日的X帖子中說，它現在已經實施了一種SUSD Staking機制來解決DEPEG，但承認它目前是“非常手動”的，沒有適當的用戶界面。

However, once the UI goes live, Warwick said, if there isn’t enough momentum, then they may have to “ratchet up the pressure” on the stakers in the sUSD 420 pool.

但是，一旦UI上線，沃里克說，如果沒有足夠的勢頭，那麼他們可能必須“抬高壓力” SUSD 420泳池中的Stakers。

The sUSD 420 Pool was a new staking mechanism introduced on April 18 by Synthetix that would reward participants with a share of 5 million SNX tokens over 12 months if they locked their sUSD for a year in the pool.

SUSD 420泳池是Synthetix於4月18日引入的一種新的Staking機制，如果他們將SUSD在游泳池中鎖定了一年，則將在12個月內獎勵參與者的份額。

“This is very solvable and it is SNX stakers responsibility. We tried nothing which didn’t work, now we have tried the carrot and it kind of worked but I’m reserving judgement,” he said.

他說：“這是非常可解決的，這是SNX Stakers的責任。我們什麼都不嘗試，現在我們已經嘗試了胡蘿蔔，它有效，但我要保留判斷力。”

Synthetix sUSD is a crypto-collateralized stablecoin. Users lock up SNX tokens to mint sUSD, making its stability highly dependent on the market value of Synthetix (SNX).

Synthetix SUSD是一種加密式的穩定劑。用戶將SNX令牌鎖定到Mint Susd，這使其穩定性高度取決於Synthetix（SNX）的市場價值。

Synthetix’s stablecoin has faced several bouts of instability since the start of 2025. On April 18, it tapped $0.68, down almost 31% from its intended 1:1 peg with the US dollar. As of April 21, it’s trading at around $0.77, according to data from CoinGecko.

自2025年初以來，Synthetix的Stablecoin面臨著幾次不穩定。 4月18日，它跌入了0.68美元，比打算以1：1釘的1：1釘下降了幾乎31％。根據Coingecko的數據，截至4月21日，它的交易價格約為0.77美元。

SNX stakers are the key to fixing depeg

SNX Stakers是修復Depeg的關鍵

“The collective net worth of SNX stakers is like multiple billions the money to solve this is there we just need to dial in the incentives,” Warwick said.

沃里克說：“ SNX Stakers的集體淨資產就像要解決這一點的錢一樣，我們只需要撥打激勵措施。”

“We will start slow and iterate but I’m confident we will resolve this and get back to building perps on L1.”

“我們將開始緩慢而迭代，但我有信心我們會解決這一問題，並回到L1上的Perps。”

A Synthetix spokesperson told Cointelegraph on April 18 that sUSD’s short-term volatility was driven by “structural shifts” after the SIP-420 launch, a proposal that shifts debt risk from stakers to the protocol itself.

Synthetix發言人於4月18日告訴Cointelegraph，SUSD的短期波動是由SIP-420發射後的“結構性轉變”驅動的，該提議將債務風險從Stakers轉移到協議本身。

Other stablecoins have depegged in the past and recovered. Circles USDC (USDC) depegged in March 2023 due to the stablecoin issuer announcing $3.3 billion of its reserves were tied up with the collapsed Silicon Valley Bank.

過去的其他穩定劑曾經恢復過來。圈子USDC（USDC）Depegg在2023年3月，由於Stablecoin發行人宣布33億美元的儲備金與倒塌的矽谷銀行捆綁在一起。

In recent times, Justin Sun-linked stablecoin TrueUSD (TUSD) fell below its $1 peg in January after reports that holders were cashing out hundreds of millions worth of TUSD in exchange for competitor stablecoin Tether (USDT).

近來，賈斯汀·桑維爾·斯塔布爾（Justin Sun-Sun-Sun-Sun-Sun-Sun-Sun-Sun-Sun-Sun-Sun-Sun-Sun-Sun-Sun-Sun-Sun-Sun-Sun-Sun-Sun-Sun-Clingecoin）在一月份降低了其1月份的1美元釘，此前有報導稱持有人兌現了價值數億美元的TUSD，以換取競爭對手Stablecoin Tether（USDT）。

Stablecoin market capitalization has grown since mid-2023, surpassing $200 billion in early 2025, with total stablecoin volumes reaching $27.6 trillion, surpassing the combined volumes of Visa and Mastercard by 7.7%.

自2023年中期以來，Stablecoin市值已增長，2025年初超過了2000億美元，總穩定量達到27.6萬億美元，超過了Visa和MasterCard的合併量。