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+# Governance Update
+
+## Live Votes
+
+| Name          | Category      | Link   |
+| ------------- |:-------------:| :-----:|
+| SCCP-98: Rebalance sDEFI and iDEFI | Product/Development | [Vote](https://app.boardroom.info/snxgov.eth/poll/QmNfeYW7h5oQviLe6HDX9PCs3GrQhyi1vc35mCCAk8zE33) |
+
+Summary:  
+SCCP-98 proposes to rebalance the sDEFI/iDEFI index and include:\
+1)Terra’s LUNA (2) Thorchain’s RUNE (3) 0x’s ZRX (4) Alpha Finance’s ALPHA (5) Alchemix’s ALCX (6) Cream’s CREAM (7) BarnBridge’s BOND
+
+Opened: May 04\
+Closes: May 07
+
+| Name          | Category      | Link   |
+| ------------- |:-------------:| :-----:|
+| Do you approve SIP-134? | Gas Optimization | [Vote](https://app.boardroom.info/snxgov.eth/poll/Qme1xGaC54r2xBZvgQhnYux9Wo1xjKLbpMFvF7VkRLq7wp) |
+
+Summary:  
+[SIP-134](https://sips.synthetix.io/sips/sip-134) proposes adding Minimal Proxy as established in SIP-127 to Binary Option Contracts. By doing this the gas costs for creating a new market are expected to drop 5x.
+
+Opened: May 04\
+Closes: May 07
+
+## New Proposals (In Development)
+
+| Name          | Category      | Link   |
+| ------------- |:-------------:| :-----:|
+| SIP 135: L2 Shorting | Product/Development | [View](https://sips.synthetix.io/sips/sip-135) |
+
+Summary:  
+Deploy sUSD shorts for sETH and sBTC onto L2.