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sUSD deposits close next week. We encourage withdrawing your USDC as early as possible. Self-serve withdrawals stay open through Dec 31 — after that, processing is manual and slower. Details in our original announcement below.
1/ We're consolidating focus across the Solayer product suite, and sUSD is being sunset as part of that. Timeline: - Aug 1: deposit close - Sept 30: final day of yield accrual - Oct 1: no new interest accrues - Dec 31: last day of self-serve withdrawal Your funds remain yours throughout. After Dec 31, withdrawals will be processed manually and will take longer, so we'd encourage withdrawing before then.
We're consolidating focus across the Solayer product suite, and sUSD is being sunset as part of that. Timeline: - Aug 1: deposit close - Sept 30: final day of yield accrual - Oct 1: no new interest accrues - Dec 31: last day of self-serve withdrawal Your funds remain yours throughout. After Dec 31, withdrawals will be processed manually and will take longer, so we'd encourage withdrawing before then.
Ethena Liquid Leverage is live on Aave. Deposit 50% sUSDe, 50% USDe, and meet the criteria to earn sUSDe yield on the entire position. https://t.co/fdxoLoT4MW
Introducing Liquid Leverage, a new Ethena integration on money markets enabled by partners, launching first on @aave 👻 Users can now deposit 50% sUSDe & 50% USDe into Aave and earn promotional rewards for USDe (currently ~12% APY), in addition to the normal USDe lending rate and sUSDe's native APY
2️⃣/6️⃣ This change is part of the push to restore sUSD to $1.00. It works alongside: 🔹 Treasury Buybacks 🔹 Liquidity incentives 🔹 The Infinex Campaign 📖 See the blog: ▶️ https://blog.synthetix.io/the-repeggening/ For full details.
2️⃣/6️⃣ This change is part of the push to restore sUSD to $1.00. It works alongside: 🔹 Treasury Buybacks 🔹 Liquidity incentives 🔹 The Infinex Campaign 📖 See the blog: ▶️ blog.synthetix.io/the-repeggenin… For full details.
.@solayer_labs' RWA stablecoin $sUSD is now natively multichain on @base with Wormhole NTT With NTT, tokens advance by cutting liquidity fragmentation while maintaining control over token ownership, metadata, & upgradeability. Transfer $sUSD to Base now: portalbridge.com
introducing sUSD tipping on @Sidekick_Labs tip your favorite creators, or hold and earn 4% APY no staking. no extra steps. natively integrated on Sidekick >solayer.org/susd
No oracles Permissionless Automatic yield optimization No entry/withdraw fee Uses Yearn's Dutch Auctions sUSDaf is going live soon, please see Asymmetry's thread for details on accepted collateral: https://x.com/asymmetryfin/status/192198350470086695
Reasons to stake sUSD: 1⃣ Re-pegging in progress 2⃣ 100% APY - (5m sUSD deposited) 3⃣ Keep your 420 Debt burn running (6.5 days left) Quote [@synthetix_io](https://www.twitter.com/synthetix_io/status/1919273367569658358) > x.com/i/article/1919…
sUSD Staking: 5 Million SNX Rewards Synthetix is entering a pivotal new phase, as we dive deeper into the Synthetix DeFi Renaissance. The next big iteration of Synthetix is underway, and a new set of staking initiatives is here to strengthen protocol health and incentivise the community for long-term growth. Open right now, sUSD stakers will be rewarded for supporting Synthetix: SNX Rewards for new sUSD depositooors Incentivised debt offset rewards for 420 Debt relievvooors These two staking pools share the 5 Million SNX Rewards, 50% of what SIP420 has promised, with more on the way soon. The Overview (TLDR): Buy sUSD on your favourite DEX: https://www.coingecko.com/en/coins/susd (https://www.coingecko.chttps://www.coingecko.com/en/coins/susd Stake sUSD right now at https://420.synthetix.io/ (https://420.synthetix.ihttps://420.synthetix.io/ Earn your share of 5 Million SNX which unlock from April 2026, with 3 months linear vesting NOTE: your sUSD deposits will be fully locked for 12 months, they cannot be withdrawn. For the 420 Pool Debt Relievooors: 10% of your original debt balance is required to keep the debt burn clock ticking. You have until May 12th to get started or the clock will reset and pause. For those Infinex (https://infinex.xyz/?ref=blog.synthetix.io) enjoyooors, sUSD and SNX simple rewards promotions are still live. Simple sUSD Staking Rewards The 420 Debt Jubilee eliminated the sUSD burn requirement for debt holders, temporarily removing a key sink for sUSD. The new sUSD staking program will help restore the peg. Key Details: Live Now, early deposits opened April 19, 2025 5 million SNX rewards distributed over 12 months (currently over 800% APR) Stake sUSD at https://420.synthetix.io/ (https://420.synthetix.ihttps://420.synthetix.io/ Deposited sUSD is locked until April 19, 2026 - No exit opportunity currently available until end of term (April 19, 2026) SNX rewards vest linearly over 3 months, starting from the program end (April 19, 2026) Protocol Strategic Goals: Remove ~10 million sUSD from circulation Create consistent demand for sUSD until v4 is shipped Prepare for the launch and scaling of Synthetix V4 and L1 perps markets Jump straight into sUSD Staking NOW (https://420.synthetix.io/?ref=blog.synthetix.io). Participants in sUSD staking are directly contributing to the stability of the ecosystem, while earning significant SNX rewards for their commitment. In the future, functionality may be added to allow stakers to use deposited sUSD for early debt repayment if they choose. 420 Pool and Debt Jubilee: Aligning Incentives The Debt Jubilee (SIP-420) offered solo SNX stakers the ability to exit their debts over time without immediate repayment. While powerful, it required careful calibration to ensure that stakers remained aligned with the protocol’s long-term health. To that end, Jubilee participants are now required to maintain a minimum sUSD:Original Debt ratio to continue their debt forgiveness progress. Key Details: Any sUSD debt ratio deposits will share the 5m SNX being distributed to sUSD stakers 420 stakers have a 12-day grace period after launch to meet the required ratio (May 12, midnight UTC) If a staker fails to meet the required ratio, their Jubilee will reset to $0 forgiven, and only restart at a time when they meet the minimum required ratio When a staker's ratio is restored, the Jubilee clock resumes Governance can adjust the ratio requirements over time Maintaining an appropriate sUSD backing ensures that debt forgiveness is only rewarded to stakers who remain actively engaged in maintaining the protocol’s health and liquidity. Adjust your 420 Debt Ratio Now (https://420.synthetix.io/?ref=blog.synthetix.io) to keep the burn clock running Next Steps: Grab some sUSD ASAP (for now, it’s still possible to buy below $1) Head to https://420.synthetix.io/ (https://420.synthetix.ihttps://420.synthetix.io/ and stake that juicy sUSD bag If you have a 420 debt position, stake at least 10% of your original debt Keep your eye out for SNX Staking Rewards very soon Join Discord (https://discord.com/invite/synthetix?ref=blog.synthetix.io) for any help required
🔜 Coming next: Use locked sUSD for early debt repayment? Maybe http://Infinex.xyz sUSD and SNX promos? Live until May 19th, 2026 🫡 More SNX staking rewards? Likely Stake now → https://420.synthetix.io Discuss → http://discord.gg/synthetix (6/6)
sUSD continues to depeg, with its price dropping as low as $0.869 and currently trading at $0.908. Previously, Synthetix founder Kain stated that the sUSD peg restoration mechanism is undergoing a transition. He also revealed that he has sold 90% of his ETH holdings and increased his position in SNX. tradingview.com/symbols/SUSDUS…
Synthetix’s stablecoin sUSD dropped another 4.6% in the past 24 hours to $0.916, now over 8% off peg. On Curve’s DAI-USDC-USDT-sUSD pool, asset ratios are heavily skewed with sUSD making up 75.21%, indicating users are actively swapping sUSD for other stablecoins.…
4/ sUSD is beyond a stablecoin - it is the building block of Solana's internet capital market expansion, as well as the entry point to Solayer's vertical product suites and InfiniSVM more protocol utility incoming... enjoy 🫡
Solayer 🤝 Wormhole 🤝 Mayan Introducing @solayer_labs’s new cross-chain deposit flow, enabling seamless access to $sUSD with an optimized flow. $sUSD is the first ever yield-bearing stablecoin on @solana pegged to USD and backed by T-bills. Developed with @MayanFinance and powered by @Wormhole, this integration facilitates accessibility to the RWA ecosystem at scale.
We’re introducing a $USDC to $sUSD wrapper on Optimism with a $70M cap and zero fees for an easier way to convert to sUSD. Here’s what you need to know 🧵🔽
Welcome sUSD — a U.S. Treasury Bill-backed stablecoin on Solana by @solayer_labs!
Penpie(@Penpiexyz_io) was exploited for $27.3M, including: 2,695 rswETH($6.62M) 4,101 agETH($10.17M) 2,723 wstETH($7.77M) 2.52M sUSDe($2.77M) The hacker exchanged all assets for 11,109 $ETH($27M) and deposited 1000 $ETH($2.34M) into #TornadoCash. etherscan.io/address/0x7a2f…
Today @Penpiexyz_io was exploited, resulting in a loss of $>16M, including $7,879,029.18 wstETH, $2,517,458.57 sUSDe, $3,409,021.04 agETH, $2,226,244.80 rswETH and four other Pendle-related YT tokens. The root cause is the introduction of an evil market that was used to…
This week, Synthetix deployments on @optimism and @base burned $101,396 sUSD and 8,024 SNX in fees through debt distribution and SNX buyback & burn process. These burned fees are distributed to LPs and SNX holders across all chains!
Synthetix's sUSD stablecoin slips below dollar peg to $0.96 amid sell-off https://www.theblock.co/post/295074/synthetix-susd-depeg?utm_source=twitter&utm_medium=social
Transitioning to Synthetix V3: Scaling sUSD & Migrating SNX Synthetix is undergoing a pivotal phase of the V3 rollout, introducing a new foundation and architecture for the protocol. This transition also marks a significant step towards enhancing the scalability and…
This week, Synthetix deployments on @optimism, @base, and Ethereum torched $86,763k sUSD and 5.8k $SNX in fees. Burned fees go to LPs & SNX holders on all chains!
This week, our deployments across @optimism, @base, and Ethereum L1 have collectively burned $565k sUSD and 6.4k $SNX in fees. Burn Breakdown: @Optimism: 446,209 sUSD Ethereum L1: 119,049 sUSD @base: 6,384 SNX Burned fees are distributed to LPs & SNX holders across all chains.
🔥 Another week, another fee burn! 🔥 Synthetix deployments on @optimism, @base, and L1 incinerated $268k sUSD and 3.9k $SNX in fees this week. @base is on fire, with SNX/USDC incentives drawing in LPs, open interest caps increasing, and many new perps markets coming soon!…
🔥 Another week, another fee burn! 🔥 Synthetix deployments on @optimism, @base, and L1 incinerated $268k sUSD and 4.6k $SNX in fees. @base is on fire, with SNX/USDC incentives drawing in LPs, open interest caps increasing, and many new perps markets coming soon! Here's the…
Across @optimism, @base, and L1, we burned $561k sUSD and 4.6k SNX in fees this week. Base is quickly scaling up, with SNX/USDC incentives attracting LPs to fuel increased open interest & support for new perps markets.
This week, $598k worth of sUSD and 1.96k in SNX were burned to distribute fees across @optimism, @base, and L1. Synthetix Perps on Optimism led in volume and fees, while @base saw a consistent rise in LP flow and trader interest.
Toros and @dHedgeOrg have collaborated to build a delta-neutral vault atop Synthetix Perps. Here's how it works: - Deposit wstETH to @aave & borrow sUSD. - Short ETH perp on @Kwenta_io using sUSD. When funding rates are positive, this strategy is profitable, as it is now! https://twitter.com/1447719698162929666/status/1765356539706261785 Quote [@torosfinance](https://www.twitter.com/torosfinance/status/1765356539706261785) > 97% APY? Indeed, it's far from ordinary. https://t.co/bdKByRT1V1
Another @SiloFinance pool, more yield to rule, more bread for you ~ 🍞 Introducing our newest addition to Pendle @Arbitrum, the sUSDC.e pool for Silo's ARB market - with liquidity fully seeded by the Silo team 🤝 https://t.co/kQHjexDvwv
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