boardroom-inc-protocol-Info/protocols/synthetix/resources/Gov Weekly/Update Week 9 2021 03-05-21.md

2.3 KiB

Governance Update

Live Votes

Name Category Link
project swap eth gas comittio 0 Product Vote

Project swap eth gas commission 0

Pending Proposals

Name Category Link
SIP 116: Optimism standard deposit/withdrawal interface Product View

Proposes to update Synthetix contracts to adopt Optimism's new standard for deposit/withdrawal bridges between L1 and L2. This standard defines the function names and signatures for depositing tokens into L2, as well as for withdrawing them back to L1.

Name Category Link
SIP 117: Support Synth Exchanging on L2 with Optimism Product View

Proposed SIP to enable synth exchanging on L2 via Optimism.
After a multi-phase, incentivised testnet trial, Synthetix went live on the Optimistic Ethereum (OΞ) mainnet. However, this was an intitial soft launch, i.e. L2 users could only stake SNX and issue or burn sUSD. The implementation of this SIP enables actual synth exchanging on L2.

Name Category Link
SIP 118: Conditionally skipping fee reclamation Product View

Proposal to allow for bypassing unnecessary fee reclamation functionality when waiting period is set to zero.
SIP-117 will enable synth exchanging on L2. Given that frontrunning is less likely to represent a problem in Optimistic Ethereum (OΞ), there is no need for storing exchanges and settling them after a certain amount of time has elapsed. This SIP proposes to skip fee reclamation if the waiting period is 0, which can be very efficient when doing exchanges on Optimism.

Name Category Link
SIP 119: Add ZEC crypto Synth Product View

Proposal to add a new long synth for Zcash (ZEC). Adding a ZEC synth could bring further further volume to the Synthetix protocol, and allow Zcash to enter the decentralized exchange market.