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Create Synth Update Week 22 2021 03-06-21.md
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# Governance Update
## Live Votes
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| SCCP-122: Increase Cap on Wrappr to 250k ETH from 175k ETH | Parameters | [Vote](https://app.boardroom.info/snxgov.eth/proposal/QmePaMrEBpZzRLmyDS5nwh4XfqQFaf4kw4U927EL8mJ6oM) |
Summary:
SCCP-122 proposes to raise the cap on ETH wrappr to 250k ETH. Are you in favor of this decision?
Opened: June 03\
Closes: June 06
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| SCCP-121: Increase Cap on Wrappr to 175k ETH from 125k ETH | Parameters | [Vote](https://app.boardroom.info/snxgov.eth/proposal/QmYQrERZUmuQpGuRZwpBZfvSztY7W9cg7iRXFnrh3Cqb4N) |
Summary:
SCCP-121 proposes to increase the cap on the wrappr to 175k ETH. Are you in favor of this decision?
Opened: June 01\
Closes: June 04
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| SCCP-121: Increase Cap on Wrappr to 175k ETH from 125k ETH | Parameters | [Vote](https://app.boardroom.info/snxgov.eth/proposal/QmRtG4kqaBBsnVKxtDo2R9FgV4as6BtcYHDBthUP3Y3rEf) |
Summary:
SCCP-121 proposes to increase the cap on the wrappr to 175k ETH. Are you in favor of this decision?
Opened: June 01\
Closes: June 04
## Recent Votes
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| SCCP-120: Decrease SNX Inflationary Rewards on BTC shorts to 8k SNX from 16k SNX | Treasury | [View](https://app.boardroom.info/snxgov.eth/proposal/QmQguL2HmrEBKDqs9UWKuiVcDQqxcxKHBkqb9MRV7QF12b) |
Summary:
SCCP-120 proposes to decrease SNX inflation paid on BTC shorts to 8k SNX from 16k SNX per week. Are you in favor of this decision?
Outcome: Approved
Opened: May 30\
Closed: June 02
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| SCCP-119: Decrease SNX Inflationary Rewards on ETH shorts to 8k SNX from 16k SNX | Treasury | [View](https://app.boardroom.info/snxgov.eth/proposal/QmYL3fBX1tvzLfG47NoMiCT1Uxqhhwvs92yCYLXwU3atRB) |
Summary:
SCCP-119 proposes to decrease SNX inflation paid on ETH shorts to 8k SNX from 16k SNX per week. Are you in favor of this decision?
Outcome:Approved
Opened: May 30\
Closed: June 02
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| SCCP-118: Increase Cap on Wrappr to 125k ETH from 100k ETH | Parameters | [View](https://app.boardroom.info/snxgov.eth/proposal/Qmav3F6UGfiYcvYrV4x1KdpF7WuQX4v7Vehz4mnCzidrLr) |
Summary:
SCCP-118 proposes to increase the cap on the wrappr to 125k ETH from 100k ETH. Are you in favor of this decision?
Outcome: Approved and Implemented
Opened: May 29\
Closed: June 01
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| SCCP-117: Lower the Wrappr MintFeeRate to 5 bp from 25 bp | Parameters | [View](https://app.boardroom.info/snxgov.eth/proposal/QmSiBtybdHLxAREGSVY1j6jAq6jtmcvYAxyjfuNSJmpCUh) |
Summary:
SCCP-117 proposes to lower the wrappr minting fee to 5 bp
Outcome: Approved and Implemented
Opened: May 27\
Closed: May 30
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| SCCP-116: Reduce Issue Fee Rate on ETH backed loans to 25 bp from 50 bp | Parameters | [View](https://app.boardroom.info/snxgov.eth/proposal/QmbxFbf6RcJ7bf3xDtn4vBRDak2grWzGGRvtZTsegL9bou) |
Summary:
SCCP-116 proposes to decrease the minting fee on ETH backed loans to 25 bp.
Outcome: Approved and Implemented
Opened: May 26\
Closed: May 29
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| SCCP-115: Increase Cap on Wrappr to 100k ETH from 75k ETH | Parameters | [View](https://app.boardroom.info/snxgov.eth/proposal/QmabjUCvkj2wZJbCirYYkLqjZK8Qu9wZVNe3oCzJBcZad4) |
Summary:
SCCP-115 proposes to increase the cap on the wrappr to 100k from 75k ETH.
Outcome: Approved and Implemented
Opened: May 26\
Closed: May 29
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| SCCP-114: Lower the Wrppr MintFeeRate to 25 bp from 37.5 bp | Parameters | [View](https://app.boardroom.info/snxgov.eth/proposal/QmfRciqs3gybj5xajuFm4M1h1TRKdGR9DCyNFPEJSZHhcd) |
Summary:
SCCP-114 proposes to lower the minting fee on the wrappr to 25 bp.
Outcome: Approved and Implemented
Opened: May 26\
Closed: May 29
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| SCCP-112: Ending ETH Trial Loan Programs | Treasury | [View](https://app.boardroom.info/snxgov.eth/proposal/QmbNtV62CSKsw2ojHBxs9QiSK9dP2Nwz6b2fmEMHtLJgoe) |
Summary:
SCCP-112 proposes to decommission the old ETH loan programs in a month.
Outcome: Approved
Opened: May 25\
Closed: May 28
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| SCCP-113: Reduce Curve SNX Inflation Rewards to 6k | Product | [View](https://app.boardroom.info/snxgov.eth/proposal/QmXw8rVuRTDNRj5x2gaBJVeYA4VvUQWTr4w3dHYeBuv2kV) |
Summary:
SCCP-113 proposes to lower the snx inflation rewards paid on the curve sUSD pool to 6k snx from 8k snx per week.
Outcome: Approved
Opened: May 25\
Closed: May 28
## New Proposals (In Development)
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| SIP 144: Create a global stock market synth | Product/Development | [View](https://sips.synthetix.io/sips/sip-144) |
Summary:
Add a Synth for the iShares MSCI All Country World Index ETF (ACWI).
The MSCI All Country World Index is MSCI’s flagship global equity index designed to represent performance of the full opportunity set of large cap and mid cap companies across 23 developed and 27 emerging markets.