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

  • GAEA Chat Singapore Concludes Successfully - A Recap of the Industry Thought Feast Duri... 17 days ago
  • U.S. SEC Clears Path for Institutional Crypto Custody, Recognizing State Trust Companie... 21 days ago
  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? September 16, 2025
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? September 9, 2025
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules September 5, 2025

    • You need to login to comment.