From dfed4dd45cc0166dc49cb2e711c8875639d7ad24 Mon Sep 17 00:00:00 2001
From: AngelDeBenji <79114195+AngelDeBenji@users.noreply.github.com>
Date: Thu, 8 Apr 2021 14:05:21 -0400
Subject: [PATCH] Create 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.