PANews April 21: Synthetix founder Kain announced on social media that a manual staking mechanism has been launched to address the sUSD depegging issue, with a full UI expected to go live in a few days. He stated that if the new mechanism proves ineffective, the pressure on stakers in the 420 liquidity pool will increase. Kain emphasized that the issue is controllable and urged SNX stakers to actively respond in order to optimize the incentive structure and restore the peg.

According to CoinGecko data, sUSD is currently priced at $0.7719, indicating that the depegging issue is still quite severe.