
Synthetix has launched a new liquidity initiative aimed at stabilizing its algorithmic stablecoin sUSD, which has been trading well below its intended $1 peg. The “sUSD 420 Pool,” Announced by founder Kain Warwick on X , the pool will reward participants with 5 million SNX tokens over 12 months in an attempt to curb the effects of the ongoing depeg. sUSD dropped to $0.8224 as of April 18, up over 7% in 24 hours, according to CoinGecko. It was trading as low as $0.63. The decline has been linked to recent protocol changes under Synthetix Improvement Proposal 420, which introduced a protocol-owned staking pool and lowered the collateralization ratio for minting sUSD from 500% to 200%. ???? The sUSD 420 Pool is launching with rewards starting in 36 hours ???? SNX stakers in the 420 Pool can deposit sUSD to earn a share of 5m SNX over 12 months – or 13,698.6 SNX daily ???? [1/5] pic.twitter.com/Xy5QUPthK9 — Synthetix ⚔️ (@synthetix_io) April 18, 2025 This change has caused a significant increase in sUSD supply, outpacing demand and leading to imbalances in decentralized exchange pools like Curve, where sUSD now makes up over 90% of some liquidity pairs. You might also like: SHIB whales eye new viral crypto as 10,000% rally predictions surface Locked and staked SNX The new 420 Pool requires SNX stakers to lock their sUSD for a year to earn daily SNX rewards. Those rewards will also be locked and vest over three months after the campaign ends. While official front-end support for the program launches next week, early access is available via Synthetix’s Discord. Synthetix has called the current phase a “transition period” and plans to support sUSD through additional incentives and new use cases, including the upcoming Snaxchain initiative. You might also like: Solana price steady above key support as active addresses, fees jump
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TRON Price Pressure: Retail Traders Exit While Whales’ Actions Hint at Possible Market Shifts

As TRON (TRX) navigates a market correction, both whales and retail traders show significant exit patterns, hinting at potential future volatility. Investors are closely watching the balance between whale activity crypto.news

Is Bitcoin’s Bull Market Just Getting Started? This Crucial Metric Says So (Details)
TL;DR Although bitcoin’s price tumbled by over 20% since its January all-time high and is currently nowhere near it, a crucial metric shows that the actual cycle peak is not here yet. In terms of entry prices, though, one analyst cautioned that the current levels might not be optimal. No Peak Yet? After hitting an all-time high on January 20 this year at over $109,000, bitcoin’s price started to lose value gradually until the end of the month and then nosedived following the global economic uncertainty prompted by US President Trump’s controversial approach. The culmination came last week when BTC tumbled below $75,000 for the first time in five months. This meant that the asset had lost nearly $35,000 in less than three months. This split the community into those who believe the bull market has come to a screeching halt and those who rely on history to be more optimistic, suggesting that such substantial corrections have occurred during all previous cycles. But there are only that—corrections, and BTC will persevere. Ali Martinez, a crypto analyst with over 135,000 followers on X, brought another key metric that could support the latter. It still relies on historical performance, but it’s not focused on the technical aspects. Instead, it measures the retail activity as BTC tends to peak after a massive influx of such investors. So far, there hasn’t been a big retail wave. This is evident from the lack of Google searches as well as the missing “retail activity through trading frequency surge.” #Bitcoin $BTC market tops have historically aligned with surges in retail activity. The move from $70,000 to $110,000 lacked that, echoing the late 2021 setup. pic.twitter.com/rVJPUTpXZC — Ali (@ali_charts) April 18, 2025 Martinez noted that the current cycle resembles the 2021 run when BTC peaked in April, only to break that high at the end of the year. Don’t Rush to Buy Although history suggests there might be more gains on the horizon for BTC, Martinez published another chart that suggests investors should maybe be more patient before allocating funds to the largest digital asset. This is because of the Bitcoin Exchange inflow volume, a metric used to “spot strong entry points.” #Bitcoin $BTC exchange inflow volume momentum is a key metric for spotting strong entry points. For now, it’s signaling patience. We’re still waiting for the right opportunity to step in. pic.twitter.com/NSS1fZcHMl — Ali (@ali_charts) April 19, 2025 This essentially confirms a previous report by Glassnode, which read that the BTC market is now in a “ wait-and-see ” phase. The post Is Bitcoin’s Bull Market Just Getting Started? This Crucial Metric Says So (Details) appeared first on CryptoPotato . crypto.news