Synthetix创始人Kain Warwick如果他们不帮助修复Susd Depeg，就会威胁SNX Stakers用“棍棒”威胁

Synthetix创始人Kain Warwick如果不采用新推出的Staking机制来帮助修复该协议的持续SUSD（SUSD）DEPEG，则威胁要使用“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创始人Kain Warwick如果不采用新推出的Staking机制来帮助修复该协议的持续SUSD（SUSD）DEPEG，则威胁要使用“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帖子中说，它现在已经实施了一种SUSD Staking机制来解决DEPEG，但承认它目前是“非常手动”的，没有适当的用户界面。

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上线，沃里克说，如果没有足够的势头，那么他们可能必须“抬高压力” 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于4月18日引入的一种新的Staking机制，如果他们将SUSD在游泳池中锁定了一年，则将在12个月内奖励参与者的份额。

“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.

他说：“这是非常可解决的，这是SNX Stakers的责任。我们什么都不尝试，现在我们已经尝试了胡萝卜，它有效，但我要保留判断力。”

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是一种加密式的稳定剂。用户将SNX令牌锁定到Mint Susd，这使其稳定性高度取决于Synthetix（SNX）的市场价值。

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年初以来，Synthetix的Stablecoin面临着几次不稳定。4月18日，它跌入了0.68美元，比打算以1：1钉的1：1钉下降了几乎31％。根据Coingecko的数据，截至4月21日，它的交易价格约为0.77美元。

SNX stakers are the key to fixing depeg

SNX Stakers是修复Depeg的关键

“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.

沃里克说：“ SNX Stakers的集体净资产就像要解决这一点的钱一样，我们只需要拨打激励措施。”

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

“我们将开始缓慢而迭代，但我有信心我们会解决这一问题，并回到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发言人于4月18日告诉Cointelegraph，SUSD的短期波动是由SIP-420发射后的“结构性转变”驱动的，该提议将债务风险从Stakers转移到协议本身。

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.

过去的其他稳定剂曾经恢复过来。圈子USDC（USDC）Depegg在2023年3月，由于Stablecoin发行人宣布33亿美元的储备金与倒塌的硅谷银行捆绑在一起。

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).

近来，贾斯汀·桑维尔·斯塔布尔（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美元钉，此前有报道称持有人兑现了价值数亿美元的TUSD，以换取竞争对手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年中期以来，Stablecoin市值已增长，2025年初超过了2000亿美元，总稳定量达到27.6万亿美元，超过了Visa和MasterCard的合并量。