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# Governance Update
## 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-96: Increase L2 Target C-Ratio To 1000% | Platform Development/Other | [Vote](https://app.boardroom.info/snxgov.eth/poll/QmS6YmNQCs8zPeuG1ivNzCSxQZtQCbUyuzqYVjfWETUJr6) |
Summary:
SCCP-96 proposes to increase the L2 target c-ratio to 1000%
Opened: Apr 21st\
Closes: Apr 23rd
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| SIP-124: Formalising the protocolDAO | Meta/Strategy | [Vote](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
Opened: Apr 21st\
Closes: Apr 23rd
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| SIP-116 proposes a significant to upgrade the L2 bridge contract | Platform Development/Other | [Vote](https://app.boardroom.info/snxgov.eth/poll/QmV43TbBf8LuwwgJbfWARDLCWRtUFGXtXswLoiTVX3hNZR) |
Summary:
SIP-116 proposes a significant to upgrade the L2 bridge contract
Opened: Apr 21st\
Closes: Apr 23rd
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| SIP-117: Support Synth Exchanging on L2 | Platform Development/Other | [Vote](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
Opened: Apr 21st\
Closes: Apr 23rd
## Recent Votes
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| SIP-130: New SIP Workflow | Meta | [View](https://app.boardroom.info/snxgov.eth/poll/QmWnYoZFAUXtv1prUy9LJDt2KApL1ykia4iae3o1qZPXfz) |
Summary:
SIP-130 proposes a new workflow for SIPs
Opened: Apr 17\
Closes: Apr 20
Outcome: Approved
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| SCCP-95: Increase cap on loans and shorts cap to sUSD 90 million from sUSD 75 million | Parameters | [View](https://app.boardroom.info/snxgov.eth/poll/Qmd35kPnd47edUG8WiV3ruLP3nqqoT3KQ7Y8b7yZKuntqq) |
Summary:
SCCP-95 proposes to increase maxDebt on borrows and shorts to sUSD 90 million from sUSD 75 million
Opened: Apr 17\
Closes: Apr 20
Outcome: Approved
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| SIP 124: Formalising the protocolDAO | Meta | [View](https://app.boardroom.info/snxgov.eth/poll/QmZGEyuQBpjK3SETSymjfN24QbtbtziZwnPCmDTr5yFs8Z) |
Summary:
SIP-124. The protocolDAO is one of the most critical governing bodies within the Synthetix protocol, however, the current process for assigning a new member to the protocolDAO is fairly informal and at the discretion of the other pDAO members. This worked well historically, but as the governance of Synthetix has progressively decentralised a more formal and transparent process for assigning members to the pDAO is required.
Opened: Apr 16\
Closes: Apr 19
Outcome: Approved
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| SIP-122: Multi-collateral Shorts v1.1 & Collapsible Loans | Product | [View](https://app.boardroom.info/snxgov.eth/poll/QmZDR1eN93BFo8zkztsFDvcJbpiJx99zZWU2Tr7XMAu8E8) |
Summary:
SIP-122 proposes to incorporate improvements to the shorting and synth borrowing mechanism (collapsible shorts, price oracle improvement, interaction delay relaxation, suspension of shorts on exchange suspension)
Opened: Apr 16\
Closes: Apr 19
Outcome: Approved
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| SIP-121: Support for L2 Synths | Product/Development | [View](https://app.boardroom.info/snxgov.eth/poll/QmUCUe4GhSdUPidkATtSMSJXiz2tBHmQuMEMkrmxK8r1i4) |
Summary:
SIP-121 proposes to incorporate sETH, sBTC, sLINK synths in addition to sUSD on the L2 exchange,
Opened: Apr 16\
Closes: Apr 19
Outcome: Approved
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| SIP-96: Blockchain Forks Framework for Synths | Product | [View](https://app.boardroom.info/snxgov.eth/poll/QmYpzir8EYN4nNaHNWufisZLxWmw4SrbwQJnN3pYa8D7YR) |
Summary:
SCCP-96 proposes to allow core-contributors to suspend synths trading if there is an upcoming hard fork
Opened: Apr 16\
Closes: Apr 19
Outcome: Approved
| 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
Outcome: Approved
| 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
Outcome: Approved and Implemented
| 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\
Closed: Apr 15
Outcome: Approved
## New Proposals (Pending)
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| SIP 132: Add Volume Program | Incentives | [View](https://sips.synthetix.io/sips/sip-132) |
Summary:\
Proposes that the Volume Program, an initiative manually operated by the Core Contributors that rewards projects generating Synth trading volume for the Synthetix Protocol, be taken out of its trial period and added into the protocol as a long-term feature.