Synthetix Founder: Designing a New Client Project

ChainCatcher reports that Synthetix founder kain.avax posted on the X platform stating that he has set up a development environment using Cursor and designed a new client project. He plans to add a server/database later to make the project more robust. Claude Opus has submitted a Pull Request with 10,000 lines of code, and kain.avax himself spent 40 minutes rebuilding the entire project, which is now almost operational.

Previously, the stablecoin sUSD launched by Synthetix had lost its peg. The SCCP-409 proposal has now been approved, providing additional support for sUSD's peg. The sUSD staking requirement for debt jubilee participants has been increased from 10% to 20% to help restore the sUSD peg.