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Synthetix Governance Votes to Retire sUSD, Pay Holders in Vested SNX

By thedefiant.io · · 1 min read
Synthetix Governance Votes to Retire sUSD, Pay Holders in Vested SNX

Synthetix governance has moved to retire sUSD entirely under SIP-423, introduced June 12. The proposal would freeze the stablecoin contract and pay all holders back at face value in vested SNX at a conversion of four SNX per sUSD. A compani

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