boardroom-inc-protocol-Info/protocols/synthetix/resources/Gov Weekly/Update Week 15 2021 15-04-21.md

# Governance Update

## Live Votes

| Name          | Category      | Link   |
| ------------- |:-------------:| :-----:|
| project swap eth gas comittio 0 | Product | [View](https://app.boardroom.info/snxgov.eth/poll/QmWcuDmV3s4N5zqDfcE3HZoDpmHMjDrySFJjvDpKpwVAkD) |

Summary:  
Project swap eth gas commission 0

Opened: Mar 4th\
Closes: Apr 23rd

| Name          | Category      | Link   |
| ------------- |:-------------:| :-----:|
| SIP 128: List sCOIN Synth | Product | [View](https://app.boardroom.info/snxgov.eth/poll/Qmb9Bg6VpJDRfr8g9quZcmFwjeccNY1VLEdC26wxqm4Npz) |

Summary:  
This SIP proposes to introduce sCOIN, the synthetic asset that tracks the price of the shares of Coinbase, Inc.

Opened: Apr 13\
Closes: Apr 16

| Name          | Category      | Link   |
| ------------- |:-------------:| :-----:|
| SCCP-92: Distribute 16k SNX to sBTC shorting reward incentives | Incentives/Treasury | [View](https://app.boardroom.info/snxgov.eth/poll/QmNYFWFogMbQVTEuNGspDgHRm1csYhR7LoS1U3gaRngRHx) |

Summary:  
SCCP-92 proposes to distribute to sBTC short incentives 16K SNX from inflationary supply,

Opened: Apr 12\
Closes: Apr 15

| Name          | Category      | Link   |
| ------------- |:-------------:| :-----:|
| SCCP-94: Increase cap on loans and shorts cap to sUSD 75 million from sUSD 65 million | Parameters | [View](https://app.boardroom.info/snxgov.eth/poll/QmaogfvRDjswoKwpRUfnkhyMSxukD5xYQr76HAXkMWgmed) |

Summary:  
SCCP-94 proposes to increase maxDebt on borrows and shorts to sUSD 75 million from sUSD 65 million

Opened: Apr 13\
Closes: Apr 16

## Recent Votes

| Name          | Category      | Link   |
| ------------- |:-------------:| :-----:|
| SCCP-93: Increase priceDeviationThresholdFactor to 1.8 from 1.6 | Parameters | [View](https://app.boardroom.info/snxgov.eth/poll/QmSYVCQ9JHxYzwuR5e7fxviAq7BqjhygvdPjgvApy1ph7o) |

Summary:  
SCCP-93 proposes to raise the priceDeviationThresholdFactor to 1.8 from 1.6, in order to re-enable trading on sEOS

Outcome: Approved and Implemented

Opened: Apr 8th\
Closed: Apr 11th

| Name          | Category      | Link   |
| ------------- |:-------------:| :-----:|
| SIP 112: ETH Wrappr | Product | [View](https://app.boardroom.info/snxgov.eth/poll/QmeMpeM9x4meydXWRBWgksuVk5yRvyL3gHkqYZfcrXPArA) |

Summary:  
SIP-112 allows for minting of sETH with ETH and releasing back the locked ETH by burning sETH

Outcome: Approved

Opened: Apr 8th\
Closed: Apr 11th

| Name          | Category      | Link   |
| ------------- |:-------------:| :-----:|
| SIP-127: Minimal Proxies for vSynth | Gas Optimization | [View](https://app.boardroom.info/snxgov.eth/poll/QmW2ZYGfQKKJuZFZhuUosYjHJsQh84iB2JKW3rvyMpH72W) |

Summary:  
SIP-127 proposes to deploy a ERC-1167 Minimal Proxy instead of a full Virtual Synth contract when new Virtual Synths are created

Outcome: Approved

Opened: Apr 6th\
Closed: Apr 9th

| Name          | Category      | Link   |
| ------------- |:-------------:| :-----:|
| SIP-126: Adding s1INCH and sRUNE to Synthetix | Product | [View](https://app.boardroom.info/snxgov.eth/poll/QmZTBgeA5Z2MAKCZ7RujmoFtFV6bCsARSYz3wBePqhhfDa) |

Summary:  
SIP-126 proposes to add s1INCH and sRUNE to synth exchanges, are you in favor of this decision?

Outcome: Approved

Opened: Apr 6th\
Closed: Apr 9th

| Name          | Category      | Link   |
| ------------- |:-------------:| :-----:|
| SIP-120: Keep3r TWAP Exchange Function | Product | [View](https://app.boardroom.info/snxgov.eth/poll/QmY4VNNAAkirJt8J2GUeak3hUUzCQryudEyC5f3SRDbumt) |

Summary:  
SIP-120 proposes to bring atomicity to synth exchanges

Outcome: Approved

Opened: Apr 6th\
Closed: Apr 9th

| Name          | Category      | Link   |
| ------------- |:-------------:| :-----:|
| SIP 107: Add sCRV Synth | Product | [View](https://app.boardroom.info/snxgov.eth/poll/Qmer85yDMpPMxbkkqqvzgJ6R9VL2RaVtdBG96hegffVBYg) |

Summary:  
SCCP-107 proposes to add sCRV to Synthetix Exchanges, are you in favor of this decision?

Outcome: Approved

Opened: Apr 6th\
Closed: Apr 9th

## New Proposals (Pending)

| Name          | Category      | Link   |
| ------------- |:-------------:| :-----:|
| SIP 129: sSNX ERC-20 Synths | Product | [View](https://sips.synthetix.io/sips/sip-129) |

Summary:\
Curve cross-asset swaps along with SIP 120 allow for atomic cross-asset swaps. Even without SIP 120 it is important to capture all high volume pairs as synths for synthetix exchange volume. @kaiynne has identified high volume assets in PR 407. I propose to add sSNX as another key addition.

| Name          | Category      | Link   |
| ------------- |:-------------:| :-----:|
| SIP 130: New SIP Workflow | Meta | [View](https://sips.synthetix.io/sips/sip-130) |

Summary:\
The introduction of the Spartan Council into the SIP governance process has generated a number of new states that a SIP can occupy. This SIP proposes a new workflow to augment the ones proposed in SIP-1, SIP-93 and SIP-104.

| Name          | Category      | Link   |
| ------------- |:-------------:| :-----:|
| SIP 131: Revoke the "ALL" approval, if set, when withdrawing other approvals. | Meta | [View](https://sips.synthetix.io/sips/sip-131) |

Summary:\
Revoke the “ALL” approval, if set, when withdrawing other delegate approvals.