# Governance Update

## Spartan Council - Recent Votes

| Name          | Category      | Link   |
| ------------- |:-------------:| :-----:|
| SIP-125: Adding US Stock Index ETFs, S&P, NASDAQ & RUSSEL | Product | [View](https://app.boardroom.info/snxgov.eth/poll/QmXpAbgCFirKKcVNDGJCjM96EXSSVtS8PWyav31fdut6xb) |

Summary:\
SIP-125 proposes to add the “creme de la creme” of Global Stock Indicies to Synthetix, mainly the S&P500, NASDAQ 100 and RUSSEL 2000

Outcome: Approved 

Opened: Apr 26\
Closed: Apr 29

| Name          | Category      | Link   |
| ------------- |:-------------:| :-----:|
| SCCP-97: Increase `migrateEntriesThresholdAmount` to SNX 164,500 from SNX 1,000 | Product | [View](https://app.boardroom.info/snxgov.eth/poll/QmespeeRR5xWHhVnsTn99biX3zB1Mt6GVRdK5D2UChWHWc) |

Summary:\
SCCP-97 proposes to increase the migrateEntriesThresholdAmount to SNX 164,500 to allow for migration of few addresses that are yet to migrate to the new escrow contract

Outcome: Approved and Implemented 

Opened: Apr 26\
Closed: Apr 29

| Name          | Category      | Link   |
| ------------- |:-------------:| :-----:|
| SIP-117: Support Synth Exchanging on L2 | Parameters | [View](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

Outcome: Approved 

Opened: Apr 21\
Closed: Apr 24

| Name          | Category      | Link   |
| ------------- |:-------------:| :-----:|
| SIP-116: Optimism bridge update | Parameters | [View](https://app.boardroom.info/snxgov.eth/poll/QmV43TbBf8LuwwgJbfWARDLCWRtUFGXtXswLoiTVX3hNZR) |

Summary:\
SIP-116 proposes a significant to upgrade the L2 bridge contract

Outcome: Approved 

Opened: Apr 24\
Closed: Apr 21

| Name          | Category      | Link   |
| ------------- |:-------------:| :-----:|
| SIP-124: Formalising the protocolDAO | Meta | [View](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

Outcome: Approved 

Opened: Apr 21\
Closed: Apr 24

| Name          | Category      | Link   |
| ------------- |:-------------:| :-----:|
| SCCP-96: Increase L2 Target C-Ratio To 1000% |  | [View](https://app.boardroom.info/snxgov.eth/poll/QmS6YmNQCs8zPeuG1ivNzCSxQZtQCbUyuzqYVjfWETUJr6) |

Summary:\
SCCP-96 proposes to increase the L2 target c-ratio to 1000%

Outcome: Approved 

Opened: Apr 21\
Closed: Apr 24

| 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


## New Proposals (Pending)

| Name          | Category      | Link   |
| ------------- |:-------------:| :-----:|
| SIP 133: Add DOGE as Crypto Synth  | Product | [View](https://sips.synthetix.io/sips/sip-133) |

Summary:\
Dogecoin has risen to a top 10 spot in the crypto market, and now boasts very high volume on centralized exchanges, in the multi-billions per day on average. With an sDOGE synth, Synthetix can capture a sizeable share of that market, generating more fees for the Synthetix protocol. The synth would pair nicely with renDOGE, a 1:1 Dogecoin token on Ethereum backed 1:1 by the Ren project, enabling highly liquid cross-pool synth swaps.


| Name          | Category      | Link   |
| ------------- |:-------------:| :-----:|
| Rebalance sDEFI and iDEFI | Product | [View](https://sips.synthetix.io/SCCP/SCCP-98) |

Summary:\

The SCCP proposes the addition of the following assets: Terra’s LUNA, Thorchain’s RUNE, 0x’s ZRX, Alpha Finance’s ALPHA, Alchemix’s ALCX, Cream’s CREAM