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Merge pull request #187 from AngelDeBenji/W23-Gove-Updates-Synth-and-PoolTo
Create W23 Gove updates synth and pooltogether
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TylerBoardroom
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# Governance Update
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## Recent Votes
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| Name | Category | Link |
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| ------------- |:-------------:| :-----:|
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| (Proposal #15) PTIP 16: C4 Audit + PTIP 17: Sponsorship | Treasury | [Vote](https://vote.pooltogether.com/proposals/15) |
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Summary:\
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[PTIP 16](https://gov.pooltogether.com/t/ptip-16-c4-audit-contest/1137) will fund a Code Arena (C4) contest to audit the critical components of the PoolTogether codebase as well as new yield sources.
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[PTIP 17](https://gov.pooltogether.com/t/ptip-17-deposit-usdc-into-usdc-prize-pool-sponsorship/1146) will deposit the $4.8 million of USDC currently sitting in the timelock 7 contract into the sponsorship of the USDC prize pool.
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Outcome: Passed and Executed
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Closed: June 8
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| Name | Category | Link |
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| ------------- |:-------------:| :-----:|
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| PROPOSAL #16 - PTIP-19 Drip 50 POOL/day to LINK Pool | Treasury/Incentives | [View](https://vote.pooltogether.com/proposals/16) |
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Summary:\
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Drip 50 POOL/day to LINK Pool
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Outcome: Defeated
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Closed: June 08
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## New Discussion Posts
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| Name | Category | Link |
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| ------------- |:-------------:| :-----:|
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| PTIP-20 DinoSwap Launch Partner “Extinction Pool” Farm | Treasury | [Discuss](https://gov.pooltogether.com/t/ptip-20-dinoswap-launch-partner-extinction-pool-farm/1206) |
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Summary:\
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DinoSwap.Exchange, a multichain “PancakeSwap” platform featuring tier-1 projects, is requesting 200k USD worth of POOL tokens in exchange for $2M USD worth of DINO Tokens to be emitted from the “Extinction Pool”.
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Update:\
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Initial polling shows little support for this motion
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Date Created: June 07\
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Last Active: June 09
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| Name | Category | Link |
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| ------------- |:-------------:| :-----:|
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| Evaluating POOL Distribution Changes | Treasury/Strategy | [Discuss](https://gov.pooltogether.com/t/evaluating-pool-distribution-changes/1222) |
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Summary:\
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Discussion evaluating impact of POOL distribution rates.
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Suggestion to focus POOL distribution on “sponsorship” and not on “deposits” in order to get larger prizes to relatively smaller depositors.
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Date Created: June 11\
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Last Active: June 11
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## Ongoing Discussions
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| Name | Category | Link |
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| ------------- |:-------------:| :-----:|
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| Pod of War: Defeating Yearn | Strategy | [Discuss](https://gov.pooltogether.com/t/pod-of-war-defeating-yearn/1149) |
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Summary:\
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Discussion focused on defeat Yearn by growing Pods until they eclipse the Yearn Strategy.
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Date Created: May 28\
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Last Active: June 10
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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-123: Remove SNX Inflationary Rewards on ETH shorts | Treasury | [Vote](https://app.boardroom.info/snxgov.eth/proposal/QmaMUJma1cMr5KwP5fjt1BvRf3CyBhzduw2jpGdfV4p4Tz) |
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Summary:
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This SCCP proposes to decrease the remove SNX inflationary rewards paid on ETH shorts.
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Opened: June 10\
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Closes: June 13
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| Name | Category | Link |
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| ------------- |:-------------:| :-----:|
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| SIP-141: SIP 141: Formalise the responsibilities and role of the GrantsDAO | Strategy/Governance Structure | [Vote](https://app.boardroom.info/snxgov.eth/proposal/QmVV735xudtbhx3sVc7Ph73ppBP5e8K4KVovq35J9iMpyT) |
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Summary:
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This proposal aims to specify the new programs that the gDAO will fund projects under alongside the new frontend, smart contracts and Gnosis Safe multisig that the gDAO will operate on.
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Opened: June 09\
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Closes: June 12
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## Recent Votes
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| Name | Category | Link |
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| ------------- |:-------------:| :-----:|
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| SIP-133: Add DOGE as Crypto Synth | Product | [View](https://app.boardroom.info/snxgov.eth/proposal/QmQk6Xjt9gkRdPzwc2QPH3mh4zGSqAvgHmns7WRirTE1a2) |
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Summary:
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SIP-133 proposes to add sDOGE to Synthetix. Are you in favor of this decision?
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Outcome: Approved
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Opened: June 05\
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Closed: June 08
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| Name | Category | Link |
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| ------------- |:-------------:| :-----:|
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| SCCP-122: Increase Cap on Wrappr to 250k ETH from 175k ETH | Parameters | [View](https://app.boardroom.info/snxgov.eth/proposal/QmePaMrEBpZzRLmyDS5nwh4XfqQFaf4kw4U927EL8mJ6oM) |
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Summary:
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With the contract currently being near saturation with eth, this sccp proposes to increase the cap to 250k ETH.
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Outcome: Reviewing for Feasability
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Opened: June 03\
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Closed: June 06
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Name | Category | Link |
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| ------------- |:-------------:| :-----:|
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| SCCP-121: Increase Cap on Wrappr to 175k ETH from 125k ETH | Parameters | [Vote](https://app.boardroom.info/snxgov.eth/proposal/QmYQrERZUmuQpGuRZwpBZfvSztY7W9cg7iRXFnrh3Cqb4N) |
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Summary:
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SCCP-121 proposes to increase the cap on the wrappr to 175k ETH. Are you in favor of this decision?
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Outcome: Approved and Implemented
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Opened: June 01\
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Closes: June 04
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| Name | Category | Link |
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| ------------- |:-------------:| :-----:|
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| SCCP-121: Increase Cap on Wrappr to 175k ETH from 125k ETH | Parameters | [Vote](https://app.boardroom.info/snxgov.eth/proposal/QmRtG4kqaBBsnVKxtDo2R9FgV4as6BtcYHDBthUP3Y3rEf) |
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Summary:
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SCCP-121 proposes to increase the cap on the wrappr to 175k ETH. Are you in favor of this decision?
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Outcome: Approved and Implemented
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Opened: June 01\
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Closes: June 04
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## New Proposals (Drafts)
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| Name | Category | Link |
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| ------------- |:-------------:| :-----:|
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| SIP 145: Debt Cache Event Consistency | Other/Bug | [View](https://sips.synthetix.io/sips/sip-145) |
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Summary:
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Fixes an incorrect debt cache event value.
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| Name | Category | Link |
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| ------------- |:-------------:| :-----:|
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| SIP 146: Add Synth Supply Caps | Parameters | [View](https://sips.synthetix.io/sips/sip-146) |
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Summary:
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Allow each synth to have its own maximum supply cap, above which no more of that synth may be minted.
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| Name | Category | Link |
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| ------------- |:-------------:| :-----:|
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| SIP 147: Adding sMATIC | Product | [View](https://sips.synthetix.io/sips/sip-147) |
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Summary:
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Deploy sMATIC for trading on Kwenta with 100 bps fee, using the MATIC chainlink price feed.
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