🌕 Gate Square · Mid-Autumn Creator Incentive Program is Now Live!
Share your creations with trending topics and get a chance to split $5,000 in rewards! 🎁
👉 Join now: https://www.gate.com/campaigns/1953
💡 How to Join:
1️⃣ Post with the hashtag #Gate Square Mid Autumn Creator Incentive# .
2️⃣ Your content should follow the daily trending topics posted by [Gate _Square], and include both hashtags.
3️⃣ The more posts, higher quality, and greater engagement — the bigger your rewards! 🚀
💰 Creator Rewards:
🏆 Top 1: Bulgari Mid-Autumn Gift Box + $100 Futures Voucher + $100 GT
🥈 Top 2: Bulgari
Synthetix founder releases the latest progress on the sUSD depegging: the Mainnet pre-deposit event will ultimately bring it back to peg.
On August 9, news came that Kain, the founder of Synthetix, released the latest progress regarding the sUSD de-pegging issue. The current price of sUSD is 0.990619 USD, and it is about to restore its peg. Although this period has been tough, with the launch of the Mainnet pre-storage activity, sUSD will eventually return to normal. On April 18, the Synthetix stablecoin sUSD decoupled further to $0.70. Synthetix then announced an emergency solution, launching the USD 420 pool with incentives. SNX stakers in the 420 pool can deposit sUSD to receive a share of 5 million SNX over 12 months. The deposited sUSD will be locked for a year and can be fully withdrawn after the event ends.