Synthetix: Debt forgiveness participants' sUSD pledge requirements have been raised to 20% to promote sUSD recovery anchoring

PANews
PANews|May 30, 2025 05:44
Synthetix stated on the X platform that the SCCP-409 proposal has been approved, providing additional support for anchoring sUSD. The sUSD pledge requirement for participants in the Jubilee debt forgiveness has been increased from 10% to 20%. At present, it is still possible to purchase the required s USD at a price below 1 USD. This change aims to promote the recovery of sUSD to 1.00 USD. It will be implemented in parallel with the following measures: treasury repurchase, liquidity incentives, and Infinex activities. If the user is participating in debt forgiveness, they must now pledge 20% of the original debt in SGD to continue reducing the debt, otherwise their debt forgiveness will be indefinitely suspended until this requirement is met.
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