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Create Synthetix Update Week 14 2021 08-04-21.md
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# Governance Update
## Snapshot - Spartan Council: Live Votes
| 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
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| SCCP-93: Increase priceDeviationThresholdFactor to 1.8 from 1.6 | Parameters | [Vote](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
Opened: Apr 8th\
Closes: 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
Opened: Apr 8th\
Closes: Apr 11th
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| SIP-127: Minimal Proxies for vSynth | Gas Optimization | [Vote](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
Opened: Apr 6th\
Closes: Apr 9th
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| SIP-126: Adding s1INCH and sRUNE to Synthetix | Product | [Vote](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?
Opened: Apr 6th\
Closes: Apr 9th
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| SIP-120: Keep3r TWAP Exchange Function | Product | [Vote](https://app.boardroom.info/snxgov.eth/poll/QmY4VNNAAkirJt8J2GUeak3hUUzCQryudEyC5f3SRDbumt) |
Summary:
SIP-120 proposes to bring atomicity to synth exchanges
Opened: Apr 6th\
Closes: Apr 9th
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| SIP 107: Add sCRV Synth | Product | [Vote](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?
Opened: Apr 6th\
Closes: Apr 9th
## Snapshot - Spartan Council: Recent Votes
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| SCCP-91: Increase loans and shorts cap to sUSD 65 million | Parameters | [View](https://app.boardroom.info/snxgov.eth/poll/QmeixX7Xta2zSWaCRyNS1pQiEjk1vLq28r7fKt2d7ytjAg) |
Summary:\
SCCP-91 proposes to increase the cap on borrows and shorts to sUSD 65 million, are you in favor of this decision?
Outcome: Approved and Implemented
Opened: Apr 3rd\
Closed: Apr 6th
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| SIP-119: Adding ZEC Synth | Product | [View](https://app.boardroom.info/snxgov.eth/poll/QmRJK2x9gmwRZ1oeMeMePANAeQjx1vkJuqRKqox7HCFxx7) |
Summary:\
SIP-119 proposes to add ZEC as a synth to the protocol
Outcome: Approved
Opened: Apr 2nd\
Closed: Apr 5th
## New Proposals (Pending)
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| SIP 128: Adding sCOIN Synth | Product | [View](https://sips.synthetix.io/sips/sip-128) |
Summary:\
This SIP proposes to introduce sCOIN, the synthetic asset that tracks the price of the shares of Coinbase, Inc.
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| Distribute 16k SNX to sBTC shorting reward incentives | Incentives | [View](https://sips.synthetix.io/SCCP/sccp-92) |
Summary:\
Distribute to sBTC short incentives 16K SNX from inflationary supply
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| Slighly increase the circuit breaker deviation | Parameters | [View](https://sips.synthetix.io/SCCP/sccp-93) |
Summary:\
Increase the price deviation threshold factor to 1.8 in order to unblock sEOS.