boardroom-inc-protocol-Info/protocols/synthetix/resources/Gov Weekly/Update Week 12 2021 03-25-21.md

3.5 KiB
Raw Blame History

Governance Update

Snapshot - Spartan Council: 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-90: Update priceDeviationThresholdFactor to 1.6 Product/Parameters Vote

Summary:
Given the imminent increase in the number stock synths, this sccp proposes to tighten priceDeviationThresholdFactor to a value of 1.6x, in order to safeguard against the event of a significant increase in synth price following a reverse stock split.

Opened: Mar 22nd
Closes: Apr 25th

Snapshot - Spartan Council: Recent Votes

Name Category Link
SIP 114: Adding FAANG Synths Product View

Summary:
SIP-114 proposes to bring Facebook, Amazon, Apple, Netflix, and Google to Synthetix

Outcome: Approved

Opened: Mar 20th
Closed: Mar 23rd

Name Category Link
SIP 115: Adding sMSFT Synth Product View

Summary:
SIP-115 proposes to bring Microsoft to Synthetix

Outcome: Approved

Opened: Mar 20th
Closed: Mar 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.

Outcome: Approved and Implemented

Opened: Mar 18th
Closes: Mar 21st

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

Outcome: Approved

Opened: Mar 17th
Closes: Mar 20th

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

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

Outcome: Approved

Opened: Mar 16th
Closes: Mar 19th

New Proposals (Pending)

Name Category Link
SIP 125: Create synths for top traded US stock index etfs Product View

Summary:
This SIP proposes to add 3 new synths sSPY, sQQQ and sIWM, consisting of the top 3 US Stock ETFs: S&P 500, Nasdaq 100, and Russel 2000.