Synthetix USD stablecoin has become unanchored 24-hour drop of 20%, price dropped from $0.8 to $0.55 Just looked at it, this coin had already lost its anchor before Synthetix founder Kain has stated that the sUSD anchor repair mechanism is in transition and has sold 90% of ETH and added positions to SNX The key is that this is not caused by insolvency or technical malfunctions, but by market behavior imbalances caused by design flaws in incentive mechanisms In the original mode, the pledger has the incentive to repay the debt by buying sUSD at a low price to maintain the anchor; Under the new model, debt is borne by public pools, and individuals lack direct motivation to intervene in price deviations It's quite foolish, the project team