In its current form, Ether collateral on Synthetix isn’t all that useful for traders who want to lever up their Ether position. That’s because ETH collateral allows traders to mint sETH debt at a 150% C-RATIO. The drag is that a trader is trading against the price of ETH. In an ecosystem made mostly of long term crypto bulls, this is an especially unattractive proposition. Synthetix's sUSD-denominated ETH collateral delivers more utility to trader, it will also expose a key advantage sUSD has over DAI as a stablecoin. sUSD has a native use case in the Synthetix system without comparison in Maker. A trader can sell that sUSD for ETH, just like a CDP holder might. Or − this trader can sell sUSD for sBTC, sETH, iTRX, sFTSE, sGBP or any of the other ~30 synths currently available on Synthetix. Even in the most DAI-like scenario where a trader uses sUSD to lever an ETH position, traders on Synthetix will soon have 5x, 10x and greater leverage opportunities available natively with their sUSD.