Synthetix Founder Takes Blame For sUSD Problems As Protocol Eyes Basis-Vault Fix
Synthetix Founder Takes Blame For sUSD Problems As Protocol Eyes Basis-Vault Fix TL;DR Synthetix founder Kain Warwick has acknowledged mismanagement
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Synthetix Founder Takes Blame For sUSD Problems As Protocol Eyes Basis-Vault Fix TL;DR Synthetix founder Kain Warwick has acknowledged mismanagement
Synthetix founder Kain Warwick published a detailed thread this morning acknowledging that sUSD has been depegged for over a year, taking personal responsibility for treasury mismanagement, and outlining a basis-vault-backed replacement stablecoin to run on the protocol's new v4 exchange.