boardroom-inc-protocol-Info/protocols/synthetix/resources/Gov Weekly/Update Week 16 2021 21-04-21.md
2021-04-21 12:18:43 -04:00

6.5 KiB

Governance Update

Live Votes

Name Category Link
project swap eth gas comittio 0 Product Vote

Summary:
Project swap eth gas commission 0

Opened: Mar 4th
Closes: Apr 23rd

Name Category Link
SCCP-96: Increase L2 Target C-Ratio To 1000% Platform Development/Other Vote

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

Opened: Apr 21st
Closes: Apr 23rd

Name Category Link
SIP-124: Formalising the protocolDAO Meta/Strategy Vote

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

Opened: Apr 21st
Closes: Apr 23rd

Name Category Link
SIP-116 proposes a significant to upgrade the L2 bridge contract Platform Development/Other Vote

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

Opened: Apr 21st
Closes: Apr 23rd

Name Category Link
SIP-117: Support Synth Exchanging on L2 Platform Development/Other Vote

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

Opened: Apr 21st
Closes: Apr 23rd

Recent Votes

Name Category Link
SIP-130: New SIP Workflow Meta View

Summary:
SIP-130 proposes a new workflow for SIPs

Opened: Apr 17
Closes: Apr 20

Outcome: Approved

Name Category Link
SCCP-95: Increase cap on loans and shorts cap to sUSD 90 million from sUSD 75 million Parameters View

Summary:
SCCP-95 proposes to increase maxDebt on borrows and shorts to sUSD 90 million from sUSD 75 million

Opened: Apr 17
Closes: Apr 20

Outcome: Approved

Name Category Link
SIP 124: Formalising the protocolDAO Meta View

Summary:
SIP-124. The protocolDAO is one of the most critical governing bodies within the Synthetix protocol, however, the current process for assigning a new member to the protocolDAO is fairly informal and at the discretion of the other pDAO members. This worked well historically, but as the governance of Synthetix has progressively decentralised a more formal and transparent process for assigning members to the pDAO is required.

Opened: Apr 16
Closes: Apr 19

Outcome: Approved

Name Category Link
SIP-122: Multi-collateral Shorts v1.1 & Collapsible Loans Product View

Summary:
SIP-122 proposes to incorporate improvements to the shorting and synth borrowing mechanism (collapsible shorts, price oracle improvement, interaction delay relaxation, suspension of shorts on exchange suspension)

Opened: Apr 16
Closes: Apr 19

Outcome: Approved

Name Category Link
SIP-121: Support for L2 Synths Product/Development View

Summary:
SIP-121 proposes to incorporate sETH, sBTC, sLINK synths in addition to sUSD on the L2 exchange,

Opened: Apr 16
Closes: Apr 19

Outcome: Approved

Name Category Link
SIP-96: Blockchain Forks Framework for Synths Product View

Summary:
SCCP-96 proposes to allow core-contributors to suspend synths trading if there is an upcoming hard fork

Opened: Apr 16
Closes: Apr 19

Outcome: Approved

Name Category Link
SIP 128: List sCOIN Synth Product View

Summary:
This SIP proposes to introduce sCOIN, the synthetic asset that tracks the price of the shares of Coinbase, Inc.

Opened: Apr 13
Closes: Apr 16

Outcome: Approved

Name Category Link
SCCP-94: Increase cap on loans and shorts cap to sUSD 75 million from sUSD 65 million Parameters View

Summary:
SCCP-94 proposes to increase maxDebt on borrows and shorts to sUSD 75 million from sUSD 65 million

Opened: Apr 13
Closes: Apr 16

Outcome: Approved and Implemented

Name Category Link
SCCP-92: Distribute 16k SNX to sBTC shorting reward incentives Incentives/Treasury View

Summary:
SCCP-92 proposes to distribute to sBTC short incentives 16K SNX from inflationary supply,

Opened: Apr 12
Closed: Apr 15

Outcome: Approved

New Proposals (Pending)

Name Category Link
SIP 132: Add Volume Program Incentives View

Summary:
Proposes that the Volume Program, an initiative manually operated by the Core Contributors that rewards projects generating Synth trading volume for the Synthetix Protocol, be taken out of its trial period and added into the protocol as a long-term feature.