From 06e40ab6a5c0caa158f8f9f4304ee952b073b5f5 Mon Sep 17 00:00:00 2001
From: AngelDeBenji <79114195+AngelDeBenji@users.noreply.github.com>
Date: Thu, 29 Apr 2021 21:50:05 -0400
Subject: [PATCH] Create Update Week 17 2021 29-04-21.md

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+# Governance Update
+
+## Spartan Council - Recent Votes
+
+| Name          | Category      | Link   |
+| ------------- |:-------------:| :-----:|
+| SIP-125: Adding US Stock Index ETFs, S&P, NASDAQ & RUSSEL | Product | [View](https://app.boardroom.info/snxgov.eth/poll/QmXpAbgCFirKKcVNDGJCjM96EXSSVtS8PWyav31fdut6xb) |
+
+Summary:\
+SIP-125 proposes to add the “creme de la creme” of Global Stock Indicies to Synthetix, mainly the S&P500, NASDAQ 100 and RUSSEL 2000
+
+Outcome: Approved 
+
+Opened: Apr 26\
+Closed: Apr 29
+
+| Name          | Category      | Link   |
+| ------------- |:-------------:| :-----:|
+| SCCP-97: Increase `migrateEntriesThresholdAmount` to SNX 164,500 from SNX 1,000 | Product | [View](https://app.boardroom.info/snxgov.eth/poll/QmespeeRR5xWHhVnsTn99biX3zB1Mt6GVRdK5D2UChWHWc) |
+
+Summary:\
+SCCP-97 proposes to increase the migrateEntriesThresholdAmount to SNX 164,500 to allow for migration of few addresses that are yet to migrate to the new escrow contract
+
+Outcome: Approved and Implemented 
+
+Opened: Apr 26\
+Closed: Apr 29
+
+| Name          | Category      | Link   |
+| ------------- |:-------------:| :-----:|
+| SIP-117: Support Synth Exchanging on L2 | Parameters | [View](https://app.boardroom.info/snxgov.eth/poll/QmXxFwm7TnG9A9LGgW7oVrRf73cxLskppmuqSGt7exA9Mk) |
+
+Summary:\
+SIP-117 is a significant milestone and achievement for Synthetix. It is the result of a long-term vision of low latency atomic swaps and countless hours of hard work
+
+Outcome: Approved 
+
+Opened: Apr 21\
+Closed: Apr 24
+
+| Name          | Category      | Link   |
+| ------------- |:-------------:| :-----:|
+| SIP-116: Optimism bridge update | Parameters | [View](https://app.boardroom.info/snxgov.eth/poll/QmV43TbBf8LuwwgJbfWARDLCWRtUFGXtXswLoiTVX3hNZR) |
+
+Summary:\
+SIP-116 proposes a significant to upgrade the L2 bridge contract
+
+Outcome: Approved 
+
+Opened: Apr 24\
+Closed: Apr 21
+
+| Name          | Category      | Link   |
+| ------------- |:-------------:| :-----:|
+| SIP-124: Formalising the protocolDAO | Meta | [View](https://app.boardroom.info/snxgov.eth/poll/QmcMCDLnYjxZfgGGuSit1cX48KmPFn4LsNNijd7K3h9JWq) |
+
+Summary:\
+SIP-124 formalizes the pDAO structure and sets out guidlines on the path to becoming a pDAO signer and the path to being removed from pDAO
+
+Outcome: Approved 
+
+Opened: Apr 21\
+Closed: Apr 24
+
+| Name          | Category      | Link   |
+| ------------- |:-------------:| :-----:|
+| SCCP-96: Increase L2 Target C-Ratio To 1000% |  | [View](https://app.boardroom.info/snxgov.eth/poll/QmS6YmNQCs8zPeuG1ivNzCSxQZtQCbUyuzqYVjfWETUJr6) |
+
+Summary:\
+SCCP-96 proposes to increase the L2 target c-ratio to 1000%
+
+Outcome: Approved 
+
+Opened: Apr 21\
+Closed: Apr 24
+
+| Name          | Category      | Link   |
+| ------------- |:-------------:| :-----:|
+| project swap eth gas comittio 0 | Product | [Vote](https://app.boardroom.info/snxgov.eth/poll/QmWcuDmV3s4N5zqDfcE3HZoDpmHMjDrySFJjvDpKpwVAkD) |
+
+Summary:  
+Project swap eth gas commission 0
+
+Opened: Mar 4th\
+Closes: Apr 23rd
+
+
+## New Proposals (Pending)
+
+| Name          | Category      | Link   |
+| ------------- |:-------------:| :-----:|
+| SIP 133: Add DOGE as Crypto Synth  | Product | [View](https://sips.synthetix.io/sips/sip-133) |
+
+Summary:\
+Dogecoin has risen to a top 10 spot in the crypto market, and now boasts very high volume on centralized exchanges, in the multi-billions per day on average. With an sDOGE synth, Synthetix can capture a sizeable share of that market, generating more fees for the Synthetix protocol. The synth would pair nicely with renDOGE, a 1:1 Dogecoin token on Ethereum backed 1:1 by the Ren project, enabling highly liquid cross-pool synth swaps.
+
+
+| Name          | Category      | Link   |
+| ------------- |:-------------:| :-----:|
+| Rebalance sDEFI and iDEFI | Product | [View](https://sips.synthetix.io/SCCP/SCCP-98) |
+
+Summary:\
+
+The SCCP proposes the addition of the following assets: Terra’s LUNA, Thorchain’s RUNE, 0x’s ZRX, Alpha Finance’s ALPHA, Alchemix’s ALCX, Cream’s CREAM