boardroom-inc-protocol-Info/protocols/synthetix/resources/Gov Weekly/Update Week 17 2021 29-04-21.md
2021-04-29 21:50:05 -04:00

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Governance Update

Spartan Council - Recent Votes

Name Category Link
SIP-125: Adding US Stock Index ETFs, S&P, NASDAQ & RUSSEL Product View

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

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

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

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

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

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

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

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

Summary:\

The SCCP proposes the addition of the following assets: Terras LUNA, Thorchains RUNE, 0xs ZRX, Alpha Finances ALPHA, Alchemixs ALCX, Creams CREAM