sUSD (SUSD): D-Score 41/100 — Moderately Decentralized BlockIndex D-Score: 41/100 (Moderately Decentralized). sUSD (SUSD) is a Layer 1 cryptocurrency using PoS consensus. sUSD: Synthetic USD ERC-20 by Synthetix delivering composable dollar exposure, Chainlink oracles, and deep DeFi integrations. Source: https://blockindex.ai/coin/susd · Data by BlockIndex.AI · Updated 2026-06-19 D-Score breakdown (0-100, higher means more decentralized) Component: Score: Overall D-Score: 41: Node distribution: 0: Initial distribution: 0: Governance: 25: Age and history: 11: Autonomy: 5: Key facts - Layer: Layer 1 - Consensus: PoS (N/A) - Launch: Fair Launch (2017) - Founder: Kain Warwick, Justin Moses - VC funded: No - Max supply: 142,399,574 - Circulating: 32,900,281 (23.1%) Market data (as of 2026-06-19) - Price: $0.31 - Market cap: $10.2M - 24h volume: $41,332.05 - 24h change: +0.20% · 7d change: -41.28% About sUSD is a synthetic USD-denominated ERC-20 token issued within the Synthetix protocol that provides on-chain, composable exposure to the US dollar for users and applications across Ethereum-based DeFi. Conceived as part of the broader Synthetix ecosystem, sUSD is minted and redeemed through Synthetix’s collateralized synth framework rather than being backed by fiat reserves. Its primary purpose is to serve as a highly composable stable unit of account and liquidity vehicle across Synthetix-native products (such as Synthetix.Exchange and Kwenta) and into external DeFi primitives like Curve. The token’s design emphasizes integration and composability: sUSD can be used in automated market maker pools, as margin in derivatives (Perps) offered on Synthetix front-ends, and as an on-chain medium of exchange where dollar exposure is required without off-chain custodial dependencies. Technically, sUSD is an ERC-20 smart contract deployed on Ethereum Mainnet and relies on the Synthetix protocol’s on-chain and off-chain components to operate. Price integrity for the synth is maintained using decentralized oracle inputs (notably Chainlink in the provided data) and the Synthetix economic model that ties minting rights and collateralization to SNX (the protocol’s native staking token). The token itself does not implement consensus or a separate blockchain; it inherits security and finality from Ethereum. The Synthetix system has historically combined on-chain custody of assets with off-chain order matching for certain derivative products (Perps), and this hybrid architecture is reflected in how sUSD is used—on-chain for settlement and custody, off-chain for some matching and execution enhancements. In practice sUSD’s use cases center on stable, composable dollar exposure for traders, liquidity providers, and derivative market participants. It is commonly used in Curve stablecoin pools for low-slippage swaps and in Synthetix-native liquidity pools (SLP) to provide market-making returns. Traders use sUSD as a stable quote and settlement asset on Kwenta and Synthetix.Exchange, while liquidity providers can deposit sUSD into pools to earn fees and reward emissions. Because sUSD is synthetic rather than fiat-collateralized, counterparty and protocol risk reside primarily with the Synthetix collateralization and liquidation mechanisms and with oracle integrity. The provided materials emphasize Chainlink price feeds and integrations across DeFi as central to maintaining peg stability and liquidity depth. From a tokenomics perspective, the data available in the combined summary indicates a max supply figure (142.39M sUSD) and a circulating/total supply snapshot (43.59M), with the circulating percentage shown at ~30.61%. Market snapshots in the source material show active trading and measurable liquidity: a quoted price of $0.8937 at the snapshot, a market capitalization near $38.96M, and historical volatility including an all-time high of $2.36 (Nov 16, 2021) and a reported all-time low of $0.2081 (Aug 06, 2025). The summary materials do not document a traditional premine or public initial percentage (PIP), and the DScore extraction treated sUSD as having 0% premine and 0% PIP due to its protocol-minting model. The token’s issuance and supply dynamics are driven by Synthetix’s minting and collateralization rules rather than a conventional ICO or allocation schedule. Governance and organizational structure for sUSD are tied tightly to the Synthetix project. The combined sources reference Synthetix governance pages and developer documentation; Synthetix operates with community governance mechanisms (proposal systems and token-holder mediated processes) rather than a single centralized corporate governance model. The provided extracts do not list an explicit CEO or a formal legal entity with registration details, but they do reference Synthetix as an organized project with public-facing docs and governance links. Looking forward, the project’s roadmap and strategic focus (as represented in the supplied content) emphasize maintaining peg stability via robust oracle feeds, deepening liquidity through strategic pools (e.g., Curve integrations and SLP incentives), and expanding derivatives and perpetual products on Ethereum Mainnet to broaden utility and adoption. Links - Website: https://www.synthetix.io/ - Whitepaper: N/A - GitHub: N/A --- About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore