Express

Synthetix Decreases Collateralization Ratio To 600% From Current 700%

Tracy CHEN

Summary: Synthetix, a crypto-backed synthetic asset platform, has approved proposal SCCP 41. This SCCP proposes to decrease the Collateralization Ratio to 600% from the current 700%.There is currently a premium on sUSD compared to other stablecoins on Curve. Decreasing the Collateralization Ratio will help lift the supply of sUSD, with the aim of reducing the current ...

Synthetix, a crypto-backed synthetic asset platform, has approved proposal SCCP 41. This SCCP proposes to decrease the Collateralization Ratio to 600% from the current 700%.
There is currently a premium on sUSD compared to other stablecoins on Curve. Decreasing the Collateralization Ratio will help lift the supply of sUSD, with the aim of reducing the current price premium.

Tracy Chen

Last Update:

Tags: ,
Link: Synthetix Decreases Collateralization Ratio To 600% From Current 700%   [Copy]
Next:

Related Articles

  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 4 hours ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 4 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 6 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 8 days ago
  • AI Fraud Is Breaking the Internet’s Trust Economy. Can Compliance Tech Keep Up? 11 days ago

    • You need to login to comment.