Syrnthetix completes the main SIP-423 adjustments and stops the old version 's stabilization. Currency

Syrnthetix states that the major adjustments have largely been completed by SIP-423, including the formal discontinuation of the old original SUSD, the reorganization of debt jubilee and the reform of the SNX pledge mechanism. Under the programme, the new SNX is converted to SUSD at a ratio of 4 to 1, and the resulting SNX will undergo a one-year lock-up of a regular and one-year linear break. Synthetix states that SIP-423 is equivalent to a “hard replacement” of ecology, which will in the future reduce reliance on the internal system of primary assets and shift the focus to a sustainable contract business with the Internet of the Taimen。