📣 Creators, Exciting News!
Gate Square Certified Creator Application Is Now Live!
How to apply:
1️⃣ Open App → Tap [Square] at the bottom → Click your avatar in the top right
2️⃣ Tap [Get Certified] under your avatar
3️⃣ Once approved, you’ll get an exclusive verified badge that highlights your credibility and expertise!
Note: You need to update App to version 7.25.0 or above to apply.
The application channel is now open to KOLs, project teams, media, and business partners!
Super low threshold, just 500 followers + active posting to apply!
At Gate Square, everyone can be a community leader! �
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 The deposited sUSD will be locked for a year and can be fully withdrawn after the event ends.