Record sog_issuer_synthetix
Synthetix
Synthetix developed sUSD and the synthetic-asset infrastructure used across its V2 and V3 systems.
- Category
- Protocol or software system
- Regulatory character
- Protocol or decentralized system
- Jurisdiction
- Unknown or not publicly resolvedUnknown or not publicly resolved
- Connected assets
- 1
- Relationships
- 1 current0 historical
- Evidence
- 14 source records
Identity and taxonomy
Overview
Public classification, legal-form state, jurisdiction, roles, confidence, and review state remain explicit.| Organization category | Protocol or software system |
|---|---|
| Canonical organization type | Protocol Ecosystem |
| Legal form | Not recorded in canonical data |
| Legal-form state | Not Recorded |
| Regulatory character | Protocol or decentralized system |
| Jurisdiction | Unknown or not publicly resolved |
| Jurisdiction scope | Unknown or not publicly resolved |
| Functional roles | Protocol operator |
| Relationship states | Active relationship |
| Primary display relationships | 1 |
| Official website | https://synthetix.io/ |
| Record confidence | Medium |
| Last reviewed | 2026-06-02 |
- Category
- Protocol or software system
- Regulatory character
- Protocol or decentralized system
- Jurisdiction
- Unknown or not publicly resolved
- Jurisdiction scope
- Unknown or not publicly resolved
- Functional roles
- Protocol operator
- Record confidence
- Medium
Connected assets
Relationships
Current, ended, and unknown relationships remain separate. Primary display is navigation only.| Stablecoin | Symbol | Functional role | Display | From | Until | State | Lifecycle |
|---|---|---|---|---|---|---|---|
| Synthetix USD | sUSD | Protocol operator | Primary display | Not yet recorded | Not yet recorded | Active relationship | Restricted |
Synthetix USD
Primary display- Role
- Protocol operator
- State
- Active relationship
- From
- Not recorded
- Until
- Not recorded
Material history
Events
Typed events and organization control actions remain linked to evidence.| Date | Event | Category | Subtype | Status effect |
|---|---|---|---|---|
| 2026-06-18 | sUSD remains in a severe market depeg | Depeg and peg stress | Major Depeg | Restricted or impaired |
| 2026-06-12 | SIP-423 proposes legacy sUSD retirement and SNX compensation | Governance and protocol change | Governance Change Proposed | Restricted or impaired |
| 2018-11-30 | nUSD is renamed sUSD during the Synthetix rebrand | Migration and rebrand | Rebrand | No lifecycle change |
| 2018-06-11 | Havven launches nUSD on Ethereum mainnet | Launch and introduction | Launch | Remained active |
| 2018-04-11 | sUSD across Synthetix V2 and V3 | Migration and rebrand | Predecessor Trial Lifecycle | Historical context only |
sUSD remains in a severe market depeg
Depeg and peg stress · Major Depeg
Restricted or impairedSIP-423 proposes legacy sUSD retirement and SNX compensation
Governance and protocol change · Governance Change Proposed
Restricted or impairednUSD is renamed sUSD during the Synthetix rebrand
Migration and rebrand · Rebrand
No lifecycle changeHavven launches nUSD on Ethereum mainnet
Launch and introduction · Launch
Remained activesUSD across Synthetix V2 and V3
Migration and rebrand · Predecessor Trial Lifecycle
Historical context onlyProvenance
Evidence
Source identity, publication date, reliability, archive state, and relation count remain separate.| Source | Publisher | Source category | Provenance | Primary or secondary | Supported claims | Archive | Reliability |
|---|---|---|---|---|---|---|---|
| Synthetix documentation for sUSD Published Not yet recorded | Synthetix | Official statement or announcement Canonical: Issuer Statement | Subject-controlled source | Primary source | Entity Collateral Redemption, Susd Protocol Lifecycle Context | No archive recorded | Medium |
| SIP-423: sUSD Retirement & Staking Reform Published 2026-06-12 | Synthetix Improvement Proposals | Governance record Canonical: Official Governance Proposal | Governance primary source | Primary source | Governance Status, Retirement Proposal, Compensation Proposal, Snapshot Proposal, 420 Pool, Staking Reform, Vote Pending Retirement Compensation and Staking Reform | No archive recorded | High |
| Synthetix Improvement Proposal status definitions Published Not yet recorded | Synthetix Improvement Proposals | Governance record Canonical: Official Governance Documentation | Governance primary source | Primary source | Vote Pending, Approved, Implemented, Proposal Status Taxonomy | No archive recorded | High |
| SIP-420: SNX Staking 420 Pool Published 2024-12-18 | Synthetix Improvement Proposals | Governance record Canonical: Official Governance Proposal | Governance primary source | Primary source | 420 Pool, Debt Jubilee, Staking, Protocol Owned Debt, 420 Pool and Protocol Owned Debt Context | No archive recorded | High |
| Rebuilding sUSD Published 2026-02-12 | Synthetix | Official statement or announcement Canonical: Official Protocol Update | Subject-controlled source | Primary source | Persistent Depeg, Minting Deprecation, Repeg Plan, 420 Pool, Persistent Depeg and Repeg Measures | No archive recorded | High |
| Synthetix 2026 Roadmap Published 2026-03-13 | Synthetix | Official documentation or product page Canonical: Official Protocol Roadmap | Subject-controlled source | Primary source | Roadmap, Repeg Plan, Buybacks, Collateral Transition, Repeg Buybacks and Collateral Transition Plan | No archive recorded | High |
| MetaMask sUSD price page Published Not yet recorded | MetaMask | Data or market reference Canonical: Market Data Page | Data or market aggregator | Secondary source | Market Price, Depeg, Ethereum Contract Context, Ethereum Market Price Observation | No archive recorded | Medium |
| Havven milestones: eUSD released April 11 Published 2018-06-17 | Synthetix | Official statement or announcement Canonical: Official Protocol Milestone | Subject-controlled source | Primary source | Predecessor Launch, Eusd, Trial Iteration, Eusd Release Date | Archive index or wildcard | High |
| eUSD and eStore update Published 2018-06-01 | Synthetix | Official statement or announcement Canonical: Official Protocol Announcement | Subject-controlled source | Primary source | Predecessor Phaseout, Issuance Stop, Redemption Closure, 2018-06-29, Eusd Phaseout and Closure | Archive index or wildcard | High |
| nUSD launches today! Published 2018-06-11 | Synthetix | Official statement or announcement Canonical: Official Protocol Announcement | Subject-controlled source | Primary source | Launch Date, Ethereum Mainnet, Hav Backed Nomin, Nusd Mainnet Launch | Archive index or wildcard | High |
| Havven is transforming into Synthetix! Published 2018-11-30 | Synthetix | Official statement or announcement Canonical: Official Protocol Announcement | Subject-controlled source | Primary source | Rebrand, Same Contract, Nusd Alias, Susd Name, Nusd to Susd Rebrand | Archive index or wildcard | High |
| Synths are now live on Mainnet Published 2018-12-07 | Synthetix | Official statement or announcement Canonical: Official Protocol Announcement | Subject-controlled source | Primary source | Susd, Nusd Continuity, Synth Mainnet, Susd Continuity from Nusd | Archive index or wildcard | High |
| Synthetix V3 FAQ Published Not yet recorded | Synthetix | Official documentation or product page Canonical: Protocol Docs | Subject-controlled source | Primary source | Susd V2 V3 Identity and Collateral Context | No archive recorded | High |
| Synthetix Perps V2 legacy introduction Published Not yet recorded | Synthetix | Official documentation or product page Canonical: Protocol Docs | Subject-controlled source | Primary source | Susd Legacy Settlement and Collateral Context | No archive recorded | High |
Synthetix documentation for sUSD
- Publisher
- Synthetix
- Published
- Not recorded
- Reliability
- Medium
SIP-423: sUSD Retirement & Staking Reform
- Publisher
- Synthetix Improvement Proposals
- Published
- 2026-06-12
- Reliability
- High
Synthetix Improvement Proposal status definitions
- Publisher
- Synthetix Improvement Proposals
- Published
- Not recorded
- Reliability
- High
SIP-420: SNX Staking 420 Pool
- Publisher
- Synthetix Improvement Proposals
- Published
- 2024-12-18
- Reliability
- High
Rebuilding sUSD
- Publisher
- Synthetix
- Published
- 2026-02-12
- Reliability
- High
Synthetix 2026 Roadmap
- Publisher
- Synthetix
- Published
- 2026-03-13
- Reliability
- High
MetaMask sUSD price page
- Publisher
- MetaMask
- Published
- Not recorded
- Reliability
- Medium
Havven milestones: eUSD released April 11
- Publisher
- Synthetix
- Published
- 2018-06-17
- Reliability
- High
eUSD and eStore update
- Publisher
- Synthetix
- Published
- 2018-06-01
- Reliability
- High
nUSD launches today!
- Publisher
- Synthetix
- Published
- 2018-06-11
- Reliability
- High
Havven is transforming into Synthetix!
- Publisher
- Synthetix
- Published
- 2018-11-30
- Reliability
- High
Synths are now live on Mainnet
- Publisher
- Synthetix
- Published
- 2018-12-07
- Reliability
- High
Synthetix V3 FAQ
- Publisher
- Synthetix
- Published
- Not recorded
- Reliability
- High
Synthetix Perps V2 legacy introduction
- Publisher
- Synthetix
- Published
- Not recorded
- Reliability
- High
Uncertainty
Known unknowns
Reviewed gaps remain visible instead of being converted into false certainty.synthetix_v2_v3_and_post_launch_lifecycle
The eUSD predecessor, nUSD launch, and nUSD-to-sUSD rename are now resolved. Synthetix V2/V3 boundaries, SNX-backed minting deprecation, 420 Pool history, debt-pool mechanics, deployment upgrades, and any successor or parallel stable assets still require dedicated source-backed lifecycle records.
- Severity
- Medium
- Last checked
- 2026-06-23
Do not reopen the 2018 launch boundary without conflicting first-party evidence. Keep later protocol-version and debt-system transitions separate from the launch lineage.
sip423_governance_and_implementation
SIP-423 remains Vote Pending. Vote opening and closing dates, Spartan Council result, approval or rejection, implementation schedule, deployed contracts, and on-chain execution transactions are not yet established.
- Severity
- High
- Last checked
- 2026-06-23
Keep visible until direct governance, contract, pool, or market evidence resolves the field.
snapshot_claim_and_compensation_eligibility
The final snapshot block, eligible contracts and wallets, treatment of post-snapshot purchases, LP and vault receipts, DeFi deposits, Optimism Safe routing, claim opening and deadline, burn mechanics, maximum SNX issuance, lock start, vesting start, transferability, and frontend or jurisdiction restrictions remain unresolved.
- Severity
- High
- Last checked
- 2026-06-23
Keep visible until direct governance, contract, pool, or market evidence resolves the field.
420_pool_staker_exit_and_debt_treatment
Final handling of each 420 Pool position, debt-backed SNX, debt-free SNX, returned sUSD, early debt repayment, cooldown, accrued and undistributed rewards, four-year continuation lock, one-year vesting, and any alternative USDT compensation remains subject to approval and implementation details.
- Severity
- High
- Last checked
- 2026-06-23
Keep visible until direct governance, contract, pool, or market evidence resolves the field.
depeg_market_price_and_execution
The canonical market low, exact duration, Ethereum and Optimism price divergence, pool reserves, TVL, route, block, spot price, and executable prices for 1,000, 10,000, and 100,000 sUSD remain source-specific. User screenshots are investigation leads and are not canonical price evidence without route and timestamp verification.
- Severity
- High
- Last checked
- 2026-06-23
Keep visible until direct governance, contract, pool, or market evidence resolves the field.
Maintenance