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Create Synthetix Update Week 11 2021 18-03-21.md
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# Governance Update
## Snapshot: 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 |
| ------------- |:-------------:| :-----:|
| SIP-113 Re-enable sKRW | Product | [Vote](https://app.boardroom.info/snxgov.eth/poll/QmemNBubbHYCGqghtovR6fB9fQWTond5bf8ZsobnXLCTsn) |
Summary:
SIP-113 will reenable the previously deprecated sKRW Synth that tracks the price of the Korean Won.
Opened: Mar 18th\
Closes: Mar 21st
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| SCCP-89: Redirect current iETH 16K SNX incentives to sETH short incentives | Treasury | [Vote](https://app.boardroom.info/snxgov.eth/poll/Qmd5GY3RaAzDmZ9rUU818n5UJTWVCfhUrpfaNo7fnouiX9) |
Summary:
SCCP-88 proposes to redirect the 16K SNX incentive from the weekly inflationary supply to the ShortingRewardssETH contract instead of the iETH Staking Rewards contract. This follows recent changes making the traditional shorting mechanism available with sETH shorts on kwenta.io/shorting
Opened: Mar 17th\
Closes: Mar 20th
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| SCCP-88: Increase loans and shorts cap to sUSD 50 million | Product | [Vote](https://app.boardroom.info/snxgov.eth/poll/QmbzjH6GZJPN3JDpDqEMy2MLbJoFcisbKat2kbCthSaSZL) |
Summary:
SCCP-88 proposes to increase the cap on borrows and shorts to sUSD 50 million from sUSD 40 million
Opened: Mar 16th\
Closes: Mar 19th
## Snapshot: Recent Votes
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| SCCP-87: Increase loans and shorts cap to sUSD 40 million | Product | [View](https://app.boardroom.info/snxgov.eth/poll/QmQBDWc3wzu2ysFTHDSD7CTv83132vywuwfH77Z2vmJbKR) |
Summary:
SIP-87 proposes to increase the cap on borrows and shorts to sUSD 40 million from sUSD 30 million
Outcome: Approved and implemented
Opened: Mar 7th\
Closed: Mar 10th
## Pending Proposals
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| SIP 123: Synthetix CurveDAO Governance Vault- XveCRV | Meta | [View](https://sips.synthetix.io/sips/sip-123) |
Summary:\
The synthetix XveCRV vault would enable the pDAO to vote on gauge weights and proposals at the discretion of the Ambassadors / Council
Synthetix is highly integrated with Curve.fi with significant synth liquidity in their various pools. Currently there is no strategy for voting for the gauge weights of any synth pools.
With veCRV being non-transferable / non-delegate-able , its being proposed Synthetix offers a vault that perpetually vote-locks CRV in return for veCRV fees.