boardroom-inc-protocol-Info/synthetix/Gov Weekly/Update Week 8 2021 02-25-21.md

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Governance Update

Recent Votes [Spartan Council]

Name Category Link
SCCP-86: Initialize New Merging Window Product View

Given sDAOs intention to migrate to a new account, this SCCP proposes to open up the account merging window for a 2-week period.

This proposal passed on Feb 15th.

Name Category Link
SCCP-85: Increase loans and shorting CAP to 30m Product View

Shorting cap of 20m is maxed out. After the first week of using the promoted shorting mechanism, we are confident the cap can be safely increased to 30m to allow more users to borrow or short available assets.

This proposal passed on Feb 15th.

Pending Proposals

Name Category Link
SIP 112: ETH Wrappr Product View

Proposes to deploy a new contract that accepts deposits in ETH and in return mints sETH in the users wallet. After successful ETH deposit, users ownership over ETH is transferred to Synthetix protocol. Wrappr is a conditionally bidirectional contract, meaning that if it holds ETH in its reserve, it will accept deposits in sETH and releases ETH. ETH can be unwrapped at any point by anyone after the corresponding amount of sETH is sent back and effectively burned.

Name Category Link
SIP 113: Reenable sKRW Product View

Proposed SIP to reenable the previously deprecated sKRW Synth that tracks the price of the Korean Won.