boardroom-inc-protocol-Info/protocols/synthetix/resources/Gov Weekly/Update Week 11 2021 18-03-21.md

2.9 KiB

Governance Update

Snapshot: 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
SIP-113 Re-enable sKRW Product Vote

Summary:
SIP-113 will reenable the previously deprecated sKRW Synth that tracks the price of the Korean Won.

Opened: Mar 18th
Closes: Mar 21st

Name Category Link
SCCP-89: Redirect current iETH 16K SNX incentives to sETH short incentives Treasury Vote

Summary:
SCCP-88 proposes to redirect the 16K SNX incentive from the weekly inflationary supply to the ShortingRewardssETH contract instead of the iETH Staking Rewards contract. This follows recent changes making the traditional shorting mechanism available with sETH shorts on kwenta.io/shorting

Opened: Mar 17th
Closes: Mar 20th

Name Category Link
SCCP-88: Increase loans and shorts cap to sUSD 50 million Product Vote

Summary:
SCCP-88 proposes to increase the cap on borrows and shorts to sUSD 50 million from sUSD 40 million

Opened: Mar 16th
Closes: Mar 19th

Snapshot: Recent Votes

Name Category Link
SCCP-87: Increase loans and shorts cap to sUSD 40 million Product View

Summary:
SIP-87 proposes to increase the cap on borrows and shorts to sUSD 40 million from sUSD 30 million

Outcome: Approved and implemented

Opened: Mar 7th
Closed: Mar 10th

Pending Proposals

Name Category Link
SIP 123: Synthetix CurveDAO Governance Vault- XveCRV Meta View

Summary:
The synthetix XveCRV vault would enable the pDAO to vote on gauge weights and proposals at the discretion of the Ambassadors / Council

Synthetix is highly integrated with Curve.fi with significant synth liquidity in their various pools. Currently there is no strategy for voting for the gauge weights of any synth pools. With veCRV being non-transferable / non-delegate-able , its being proposed Synthetix offers a vault that perpetually vote-locks CRV in return for veCRV fees.