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Create Create Synthetix Update Week 20 2021 20-05-21.md
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AngelDeBenji
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# Governance Update
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## Live Votes
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| Name | Category | Link |
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| ------------- |:-------------:| :-----:|
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| SCCP-109: Lower the Wrppr MintFeeRate to 50 bp from 100 bp | Parameters | [Vote](https://app.boardroom.info/snxgov.eth/proposal/QmfSiajeDi1xCFw5abgCSrirmqyo78WTEaRVX35P6oUCqY) |
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Summary:
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SCCP-109 proposes to lower the minting mintFeeRate to 50 bp from 100 bp.
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Opened: May 20th\
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Closes: May 23rd
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| Name | Category | Link |
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| ------------- |:-------------:| :-----:|
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| SCCP-108: Reduce Issue Fee Rate on ETH backed loans to 50 bp from 200 bp | Parameters | [Vote](https://app.boardroom.info/snxgov.eth/proposal/QmaHWSWhUfEPZd8615CuRFGiQpYhC8Bau9UR52tSJkioNA) |
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Summary:
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SCCP-108 proposes to lower the minting fee on ETH backed loans to 50 bp from 200 bp.
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Opened: May 20th\
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Closes: May 23rd
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| Name | Category | Link |
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| ------------- |:-------------:| :-----:|
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| SCCP-107: Lower the Wrappr mintFeeRate to 75 bp from 100 bp | Parameters | [Vote](https://app.boardroom.info/snxgov.eth/proposal/QmargMv1jvL4FoE8YAwN6mymfXnxubkKMPHd7pWHmz4yxX) |
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Summary:
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SCCP-107 proposes to lower the minting mintFeeRate to 75 bp from 100 bp.
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Opened: May 20th\
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Closes: May 23rd
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| Name | Category | Link |
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| ------------- |:-------------:| :-----:|
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| SCCP-106:Reduce Issue Fee Rate on ETH backed loans to 75 bp from 200 bp | Parameters | [Vote](https://app.boardroom.info/snxgov.eth/proposal/QmfVgPuSJrBGkyDXANPrZap1wZHqnLqkata2pyxwGQcRLT) |
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Summary:
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SCCP-106 proposes to lower the minting fee on ETH backed loans to 75 bp from 200 bp.
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Opened: May 20th\
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Closes: May 23rd
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| Name | Category | Link |
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| ------------- |:-------------:| :-----:|
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| SIP-140: Allow Exchange Into Origin Address | Product Features | [Vote](https://app.boardroom.info/snxgov.eth/proposal/QmXZtXYxzDM5zRW7UhdFhgersSgbP29MYQdsy9QuahnKbt) |
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Summary:
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SIP-140 allows for exchanging into origin address.
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Opened: May 19th\
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Closes: May 22nd
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| Name | Category | Link |
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| ------------- |:-------------:| :-----:|
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| SIP-139: Allow owner to reset the decentralized circuit breaker pricing | Product Features | [Vote](https://app.boardroom.info/snxgov.eth/proposal/QmXeC2gZKWzs2dfyP7mdsmRCRAD2o5APrGcw88SDGXuqWg) |
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Summary:
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SIP-139 allows for the reset of the decentralized circuit breaker.
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Opened: May 19th\
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Closes: May 22nd
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| Name | Category | Link |
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| ------------- |:-------------:| :-----:|
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| SIP-138: Update Volume Tracking Event | Parameters | [Vote](https://app.boardroom.info/snxgov.eth/proposal/QmXXEY48srVDMThjm6ysKkd5ZCk6vXWtHSm8o1y2jvpTPs) |
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Summary:
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SIP-138 adds the ExchangeTracking event.
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Opened: May 19th\
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Closes: May 22nd
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| Name | Category | Link |
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| ------------- |:-------------:| :-----:|
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| SCCP-105: Increase Cap on Wrappr to 50k ETH from 15k ETH | Parameters | [Vote](https://app.boardroom.info/snxgov.eth/proposal/QmPZSajd2NNiz63pUx9KXeFRpiRr3ruaGWsMrWnK1TYUr3) |
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Summary:
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SCCP-105 proposes to increase the cap on the wrppr contract to 50k ETH from 15k ETH
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Opened: May 18th\
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Closes: May 21st
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## Recent Votes
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| Name | Category | Link |
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| ------------- |:-------------:| :-----:|
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| SCCP-104: Lower the Wrppr MintFeeRate to 100 bp from 200 bp | Parameters | [View](https://app.boardroom.info/snxgov.eth/proposal/Qmbe3yuYv4uWiem5HS4KEg8RdnJ5zBZtefBXYbnq26ugpW) |
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Summary:\
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SCCP-104 proposes to lower the minting fee on the wrappr contract to 100 bp from 200 bp.
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Outcome: Passed and Implemented
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Opened: May 17th\
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Closed: May 20th
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| Name | Category | Link |
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| ------------- |:-------------:| :-----:|
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| SCCP-103: Increase Issue Fee Rate on ETH backed loans to 2% | Paramters | [View](https://app.boardroom.info/snxgov.eth/proposal/QmcnnCXNnxbxSkLaHo97d97hbvgVUr8dKPpuL4RCNcNuhH) |
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Summary:\
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SCCP-103 proposes to increase the minting fee on ETH backed loans to 2%
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Outcome: Passed and Implemented
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Opened: May 15th\
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Closed: May 18th
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| Name | Category | Link |
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| ------------- |:-------------:| :-----:|
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| SCCP-102: Increase Cap on Wrappr from 5k ETH to 15k ETH | Product/Parameters | [View](https://app.boardroom.info/snxgov.eth/proposal/QmNX9YH7xVekr2S17Pp48ix73D5bNeZj9yBb1N43PugS34) |
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Summary:
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SCCP-102 proposes to increase the cap on the wrappr contract to 15k ETH from 5kETH.
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Outcome: Passed and Implemented
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Opened: May 14\
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Closes: May 17
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| Name | Category | Link |
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| ------------- |:-------------:| :-----:|
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| SCCP-101: Decrease Cap on sUSD and sETH loans | Parameters | [View](https://app.boardroom.info/snxgov.eth/proposal/QmasgPCB68JUZF5MifvZJt7U1jB7qibFbtg8iYSqQkxtZS) |
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Summary:
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SCCP-101 proposes to lower the cap on the old sETH and sUSD loan contracts to 1 sETH and 1 sUSD.
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Outcome: Passed and Implemented
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Opened: May 12\
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Closes: May 15
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| Name | Category | Link |
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| ------------- |:-------------:| :-----:|
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| SCCP-100: Initial Parameters of ETH Wrappr | Parameters | [View](https://app.boardroom.info/snxgov.eth/proposal/Qmc5TDKqgSMMKezWoiquJbuMAk7ky4rPPYfMjtbtgK8BLb) |
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Summary:
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SCCP-100 lays out the initial parameters for the wrappr contract.
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Outcome: Passed but sent back for review - Currently categorized under "[Feasability](https://sips.synthetix.io/)"
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Opened: May 12\
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Closes: May 15
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| Name | Category | Link |
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| ------------- |:-------------:| :-----:|
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| SCCP-99: Increase loans and shorts cap to sUSD 110 million from sUSD 90 million | Product/Parameters | [View](https://app.boardroom.info/snxgov.eth/proposal/Qmb3WQGKZ54N3vwu5qcd5Z51mtbaMsuJotbSJw97AxuMM7) |
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Summary:
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SCCP-99 proposes to increase the cap on loans and shorts to sUSD 110 million.
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Opened: May 12\
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Closes: May 15
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