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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

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