GMX. csv. So the tokenomic leverage of this mechanism in the protocol is between 3 and 5, depending on the current collateral requirement. SYNTHETIX GOVERNANCE. Synthetix is an Ethereum-based protocol for issuing synthetic assets. sender is equal to Synthetix Core address. The Synthetix governance framework also saw continued evolution last month. As Synthetix is developing into a transparent and inter-operable on chain liquidity layer, its governance must also ossify to be aligned with the resiliency of the protocol. Synthetix, the third-largest DeFi platform by assets locked, is now under the control of community-owned organizations, or DAOs. And DeFi guru Kain Warwick, the founder of Synthetix, has much harsher words for the state of play. Synthetix V3 is currently in alpha. The beauty of the dev fund is that theoretically it can self-fund all the things you talked about. Protocol name: ENS Name of protocol representative(s) that will serve as delegate(s): Makoto Inoue Link to delegate commitment 16: Delegate Commitments - #175 by matoken. Synthetix provides liquidity for permissionless derivatives like perpetual futures, options, parimutuel markets, and more across EVM chains. Firstly, there are exchange rewards. Introduction. Revenue Share. đQ3 Highlights. These markets were approved by governance in SIP 2031 and had initial configurable values set by SCCP-2044. Staking App. Voting is still in progress. Synthetix Governance will determine which assets to support as collateral in addition to the current SNX (staking) and ETH (wrappers). Synthetix Governance Find links to each core component of the Synthetix Governance System Join the community governance discussion in realtime. It allows to creation of real world assets, like stocks and shares to be bought and traded using crypto. You can see the list of top protocols based on gas. Synthetix governance had been decentralised with the control being handed over to a decentralised Spartan Council, with the founder Kain Warwick taking a back seat. Delegated voting is more in line with the preexisting Synthetix Governance framework on Discord while also providing the benefits of Snapshot voting. 19 to $1. Stats. Initially, Aelin v1 will be governed by the Aelin Council, a DAO which will be voted on by SNX. These councilsâ Decisions and proposals are subject to majority votes from SNX stakers, ensuring a democratic and community-driven approach to protocol development. This allows users to confidently trade and access synthetic assets without the. Finally, SNX serves as a governance token, as users stake the token to vote on governance proposals and nominate candidates for one of three decentralized autonomous. Nov 8, 2023 ⢠3 min read Introduction Vaults are a fundamental component of the Synthetix V3 ecosystem, serving as the primary entry point for liquidity providers. It allows to creation of real world assets, like stocks and shares to be bought and traded using crypto. The top 20 protocols by total gas fees generated received a delegation of idle tokens from OP as a part of this program. âThe changes above mark a phase shift in Synthetix governance,â the post said. However, since then, the TVL has risen to $800 million at the time of writing, and the price of. Spartan Council and SIP updates Present at the January 11, 2022 Spartan Council Weekly Project Sync:Learning from the current short-falls of the gDAO, the new gDAO members have gotten together in order to propose the above responsibilities and programs of gDAO in order to both support the updated governance model of Synthetix and effectively allow the contribution of talented individuals or teams to the growth of the Synthetix ecosystem. Each governance component is assigned a specific aspect of. Another. Stats. The goal is to get the protocol to a point where it is resistant to capture, whether from a. Do you agree to abide by the delegate code of conduct:. Base Andromeda. The Synthetix protocol allows traders to issue synthetic versions of crypto native assets, traditional financial assets,. How to write SIP/SCCPs. Stats. MattL October 17, 2022, 7:38pm #1. Synthetix price today is $ 3. Staking App. Docs. Label all the bodies in which token holders delegate to (via a direct vote) as a Council. Consensus Check. Synthetix SNX/USD remains under pressure; the price of this cryptocurrency fell from $8. My view on the Optimistic Vision 150: I think funding public goods is a worthy goal but one that, in practice, needs to improve in efficiency and quality. Stats. Staked SNX enables. Address or. I keep hearing that Synthetix governance model is working well - separating decision making and funding decisions by functional area. This, in turn, calls the payout function on the rewards distributor. The Liquidity Layer of DeFi. SYNTHETIX GOVERNANCE. Start trading in minutes. For example, the Ambassador Council is responsible for promoting Synthetixâs interest in the Ethereum ecosystem. Docs. Additionally, data feeds from Pyth and Chainlink are necessary for any proposed assets to be considered for inclusion. The release includes: SIP-295: Addition of Perps V1 markets to Synthetix Perps V2; SIP-2000: Addition of ATOM, AXS, FLOW, FTM, NEAR, AUD/USD, and GBP/USD to Perps V2; Two new SIPs have been approved by Synthetix. For security reasons, the payout function should always revert unless msg. Staking App. Governance. lens Is your protocol OP Native?: No, QiDao is a multi-chain protocol Was your protocol active in Optimism governance prior to 12/5/22?: Yes If so, please link to. Perps. đ Governance. My reasons for wanting to be a delegate: Mirror has been a project driven by collaboration with the. Blog. The Synthetix platform enables the creation of on-chain synthetic assets (Synths) that track the value of assets in the real world. This separation in multiple bodies should help encapsulate concerns and limit powers of the. Unique to Synthetix is the ability for liquidity pool managers to configure these pools to extend credit to derivatives markets. The Synthetix protocol is governed by a decentralized set of representative councils that are voted on by stakers. The Protocol Delegation Program was approved in Special Voting Cycle #9b. SNX tokens are up more than 500% in price so far this year. 15 protocols qualify to participate based on total gas fees generated on Optimism in Season 2. revmiller December 30, 2022, 10:20pm 4. Synthetix enables the creation and trading of. These councilsâ Decisions and proposals are subject to majority votes from SNX stakers, ensuring a democratic and community-driven approach to protocol development. 7 Likes. The presentation of SIP-179 is also discussed, as well as upcoming election coverage from SNXweave. The Synthetix protocol is far more complex than many other things you might do on Ethereum. c-ratio. The Synthetix governance elections are currently underway; The Aave community voted to add ENS as collateral, and to appoint Securitize as a whitelister to Aave Arc;The author then alerts the Spartan Council within the #governance channel on Discord to schedule a âSIP author interviewâ, which is conducted and recorded by the Spartan Council. Synthetix is an open source derivatives liquidity protocol on Ethereum. . Synthetix is moving away from centralized oracles as it heads toward fully decentralized governance. Decisions and proposals. FOR PERP INTEGRATORS. Which is called The Spartan Council. The reason for this is to gauge demand for LPs offering up different collateral. Last week the first Treasury Council was elected alongside the other DAOâs within the Synthetix governance system. The decision to leverage Synthetix governance relied on the past success of Thales and Kwenta in establishing independent communities. With aligned interest in the success of the Optimism network itself, the symbiosis is strong and our experience can be put to good use in stewarding towards the optimal governance structure and the growth of the network. Simple Summary. To download the Addresses + ABIs for Synthetix via the command line, you can run the following command: npx @usecannon/cli inspect synthetix-omnibus -. Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi, allowing anyone,. On Compound, for example, lenders and borrowers receive the native COMP token, which accrues according to usage of the. The Synthetix governance framework also saw continued evolution last month. Synthetix provides liquidity for permissionless derivatives like perpetual futures, options, parimutuel markets, and more across EVM chains. For more updated information, monitor Synthetix governance votes and the SIP/SCCP repo. The process for adding new perps markets to Synthetix is based on demand, liquidity, and volatility. What we can say is that there is no opaque centralised body the Synthetix network relies on to âguardâ the Synthetix protocol. Sandbox with Perps. LiFi and Uniswap have collaborated to launch a multi-bridge governance solution, allowing users to vote on governance proposals through a cross-chain messaging system. 55 each. Technical Specification. You can participate in the governance process by staking SNX tokens in accordance with the rules and parameters summarized here, and/or joining the Synthetix Discord and contributing to the conversation. Synthetix has been an underperformer recently, but its poor performance is exaggerated as it had seen a meteoric rise from Q4 2020 to Q1 2021. Here is what the supply of active SNX rewards to SNX stakers looks like currently: SNX supply curve: Messari. The new Synthetix Ambassadors governance portal is now live, brought to you by the Synthetix grantsDAO! The Synthetix Ambassadors program provides a simple way for SNX holders to delegate their governance voting rights in other protocols (e. Synthetix is a derivatives liquidity protocol built on Ethereum, facilitating the creation and trading of synthetic decentralized assets. . FOR PERP INTEGRATORS. Lastly, Synthetix and Synthetix Ambassadors do not have a history of selling any Optimism tokens, nor using them for unintended uses, or anything along those lines. The only user interfaces maintained by Synthetix DAO are the governance and staking interfaces herein. $1. Synthetix is excited to announce the addition of stETH/ETH perpetual futures markets, now available for leverage trading via Synthetix Perps. As early adopters of delegate governance structure and early participants in Synthetix governance structure, we find us to be a good fit for this initiative. Blog. Engineers are now working on reflecting this in the backend/frontend for the Synthetix Governance Module. mirror. The Liquidity Layer of DeFi. Synthetix provides liquidity for permissionless derivatives like perpetual futures, options, parimutuel markets, and more across EVM chains. Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi,. Powering the next. 002908%, respectively (note: funding rates fluctuate, this isn't current). Protocol Governance. Protocol Governance. The Liquidity Layer of DeFi. Each of the councils at Synthetix serves a different and vital role in running the Synthetix protocol. It was one of the last remaining areas of centralisation and this transition marks the end of. đQ3 Highlights. 12% went to the Synthetix Foundation (later transitioned into DAOs). The Liquidity Layer of DeFi. Many high-profileTwo SIPs are currently up for voting, proposing the addition of 8 new markets to Synthetix Perps:SIP 2014 - PEPE, SUI, and BLURSIP 2015 - XRP, DOT, TRX, FLOKI, and INJIf approved, governance must then agree on parameters (fees, open interest, etc. Governance. An independent Work Group is suitable for the level of decentralization that Synthetix is at and would remove the information asymmetry that integrators face when. Base Andromeda. Synthetix is now controlled by three DAOs. Abstract. In Synthetix, users can deposit any ERC-20 token approved by the Synthetix governance into a vault. The minted sUSD can be used within the Synthetix ecosystem or traded on other platforms. io by adding links to it from different landing pages (such as governance, staking, tools, etc). Collateral: SCURVE . Lastly, Synthetix and Synthetix Ambassadors do not have a history of selling any Optimism tokens, nor using them for unintended uses, or anything along those lines. The Liquidity Layer of DeFi. The process for adding new Synths to Synthetix is based on demand, liquidity, and volatility. This epoch will run for three months as per SCCP-78, and there are now 22 community. The rules and parameters associated with the Synthetix protocol and Synthetix DAO governance are subject to change at any time. Synthetix provides liquidity for permissionless derivatives like perpetual futures, options, parimutuel markets, and more across EVM chains. Staking App. Governance. g. Meta-Governance: Network: Ethereum & Optimism: Implementor: TBC: Release: TBD: Created: 2022-08-25:. The Liquidity Layer of DeFi. The V3 Watcher Stats page is also officially complete, so check that out for all of your stats needs!Synthetix price today is $ 3. Current Voting Results. Votes. Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi,. Back in June, the DeFi protocol received 9M OP tokens during Phase 0 of Optimismâs Governance Fund. On Aug. For one, Synthetix incorporates six different DAOs designed to play specified governance roles within the Synthethix ecosystem. The rules and parameters associated with the Synthetix protocol and Synthetix DAO governance are subject to change at any time. synthetix. My reasons for wanting to be a delegate: Governance, voting and the separation of powers. Why do you believe your protocol would be a good steward of the. Voting power is exclusively determined based on participation in the Synthetix V2 protocol. Both asset baskets were selected through community governance. Each trade generates an exchange fee that is sent to a fee pool, available for stakers to claim their proportion each week. Shardeum Sphinx LiveFor Governance Participants. Blog. Developer FAQ. They are elected by those providing SNX tokens to the protocol. Powering the next. In addition to its governance model, the Synthetix DAO also includes a risk management system known as the âdebt ceilingâ. If you haven't already, join the Kwenta community on Discord. Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi,. Staking App. Governance Framework The Synthetix Protocol has several governing bodies and artifacts which co-exist to enable the decentralized nature of the protocol. eth Is your protocol OP Native?: No, We are mainly on Ethereum L1 and planning to integrate with Multi chain Was your protocol active in Optimism governance. January 18, 2022 The following post contains a recap of news, projects, and important updates from the Spartan Council and Core Contributors, as well as the Grants Council and Ambassador Council from last week. It allows users to generate DAI by locking collateral assets and participate in the governance of the protocol. SNX is the native token of the Synthetix Network and has two main functions: staking and governance. Four staker-elected councils exist Spartan, Treasury, Ambassador, and Grants Council. Governance Tokens Some DeFi platforms â including Compound and Synthetix â have further incentivized lending and borrowing by allowing both parties to accrue the platformâs governance token . SIP-306: V3 Migration SIP-323: Adopt "s" prefix for Synthetix V3 asset tickers. Synthetix is a software that allows users to mint new crypto assets that mimic both real-world assets (like the U. Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi, allowing anyone,. They will. These markets were approved by governance in SIP 2032 and had initial configurable values set by. 6 Likes. By allowing token holders to participate in decision-making, Synthetix ensures a decentralized approach to managing its innovative financial ecosystem. Perps. Spot markets powered by Synthetix V3 allow anyone to exchange the V3 protocolâs stablecoin with a synthetic asset (or âsynthâ). Meta-Governance Processes; Defining the different types of governing bodies Overview. My view on the Optimistic Vision 150: I think funding public goods is a worthy goal but one that, in practice, needs to improve in efficiency and quality. FOR PERP INTEGRATORS. The trading of stocks, currencies, commodities, and other assets are still dominated by the likes of Wall Street, London. Optimism Collective Delegate Commitments [OLD] đ Policies and Templates. Synthetix is excited to announce the addition of ZRX & UMA perpetual futures markets, now available for leverage trading via Synthetix Perps. SYNTHETIX GOVERNANCE. The Synthetix Protocol is governed by several key bodies and artifacts. Stats. Original Date of internal (to Synthetix governance) SIP discussing OP distribution May 18th, 2022. Blog. 3% went to bounties and marketing incentives. Elections and Voting. Synthetix DAO does not unilaterally offer, maintain, operate, administer, or control any trading interfaces. Sep 1, 2020 ⢠2 min read. Aave, Compound,. Perps. It utilizes an automated liquidity provision mechanism and has gained significant popularity. Uniswap Governance Swap UNI for ETH and wBTC and provide liquidity. Synthetix Governance Find links to each core component of the Synthetix Governance System. Elections. request collateral from an existing Pool OR. The SC votes on overall improvement proposals and parameter changes. - GitHub - psybull/snx-governance-discord-bot: A JavaScript-based, open source Discord bot to facilitat. By integrating with decentralized oracle networks, it allows users to receive a loan of stablecoins against. Elections and Voting. Synthetix provides liquidity for permissionless derivatives like perpetual futures, options, parimutuel markets, and more across EVM chains. These are just a few of the investors who have invested in our past accelerator projects. Coin Prices. PAX gold comes to mind, given that it is a cryptocurrency backed by gold. Stats. Interested in learning more about Synthetix and its plans for the future? Make sure to RSVP to the call to hear from SNX core contributors, council members, and. Staking App. The eleventh Synthetix community governance call is scheduled for July 27/28 (timezone dependant), and as usual there's a great deal to talk about! Here are the times: * San Francisco: Monday July 27, 6pm * New York: Monday July 27, 9pm * Central Europe: Tuesday July 28, 3am (not 2am as originallyThis will allow approved integrators to pass on lower fees and other vital benefits to their users, after being approved by Synthetix governance. The Treasury Council manages the Synthetix Treasury and provides funding to the other governance bodies, CC stipend payments, and other discretionary incentives. 71% in the last 24 hours. View the history of past council elections and vote in any currently open elections. It serves as a reminder that sometimes you might reduce complexity by just using a multisig instead of a full-fledged Governor-like contract. ) to a committee of ambassadors focused on furthering. Staking. The platform was founded in 2017 by Kain Warwick and has experienced notable growth, establishing itself as one of the prominent platforms within the decentralized finance (DeFi) ecosystem. Users pool funds into. S. Request some of the existing $500m+ Synthetix collateral for your market. Transferring SNX costs more gas than that, but can also vary as it needs to call `debtBalanceOfAndTotalDebt,` and if that wallet has any debt in the Synthetix system. Synthetix is a liquidity provisioning protocol on Optimism and Ethereum Mainnet that powers some ofâŚCurrent Voting Results. Please list any anticipated conflicts of interest: NoneFurther, my experience over the last year and a half participating as a member of the Synthetix and Lyra grants councils has provided experience in governance and vetting public goods funding. The only user interfaces maintained by Synthetix DAO are the governance and staking interfaces herein. Quarterly Report for Synthetix, Quarter 3 of 2023: July â September. The Synthetix protocol is governed by a decentralized set of representative councils that are voted on by stakers. Kwenta is a trading interface for perpetuals and options that integrates with Synthetix and Lyra Protocol. Perps. . The epoch will. egk10 January 20, 2021, 2:32pm 8. My view on the Optimistic Vision 150: I think funding public goods is a worthy goal but one that, in practice, needs to improve in efficiency and quality. It is a value-based entity, whose. The decision to leverage Synthetix governance relied on the past success of Thales and Kwenta in establishing independent communities. For example, MIR token holders could vote to raise or lower the minimum collateralization ratio, or to implement transaction fees. Docs. My view on the Optimistic Vision 150: I think funding public goods is a worthy goal but one that, in practice, needs to improve in efficiency and quality. Votes. This business structure created as a result is called a Decentralised Autonomous. Gating off incentives for just Synthetix, or using this governance power for only SNX Ecosystem projects or the like wouldâve been an incredibly poor idea. This just granted a few special permissions to the LegacyMarket contract, which is the facilitator of the migration to Synthetix V3. Request some of the existing $500m+ Synthetix collateral for your market. The liquidateAsAccountId parameter specifies an account which should receive the collateral. Synthetix and DYDX's funding rates are 0. Stats. The Synthetix governance elections are currently underway The Aave community voted to add ENS as collateral, and to appoint Securitize as a whitelister to Aave ArcHadar release - Late March 2020. Synthetix is the backbone for derivatives trading in DeFi, allowing anyone, anywhere to gain on-chain exposure to a vast range of assets. Chain Breakdown; Ethereum: $439. sUSD Balance 0. Stats. We are excited to announce that after an eight-month successful implementation of Chainlinkâs decentralised price oracles for our commodity and FX Synths, we have now switched the rest of our price oracles over to Chainlink as per SIP-36. Synthetix. They then used the Ether as collateral to borrow 1. Propose to Synthetix governance for your Market to be enabled. Synthetix is run as a DAO (see page 34), and Kain remains the largest holder of Synthetix governance tokens, which currently fetch about $10. use this example (coming) this step goes away once permissionless Markets are enabled by Spartan Council governance. Stats. Councils are directly elected by SNX stakers, while other governance bodies are appointed according to the existing governance procedures. Please list any anticipated conflicts of interest: NonePerpetuals exchange protocol Synthetix added support for Lido's stETH (read more here) Synthetix governance has given the green light to add stETH to Synthetix perpetuals, making it the only protocol supporting decentralised and trustless stETH perpetuals. Blog. V3. Synthetix stands at the cusp of creating a DeFi revolution with its upcoming V3 release. Blog. Code Deployments Documentation. Base Andromeda. 00. Each of the councils at Synthetix serves a different and vital role in running the Synthetix protocol. These were swapped for 6. Once the collateral is deposited, users can mint sUSD up to the collateralization ratio set by the governance. Governance. As early adopters of delegate governance structure and early participants in Synthetix governance structure, we find us to be a good fit for this initiative. Current Protocol Parameters. Join the Kwenta Community. 7 Likes. Synthetix Governance. Governance. The Synthetix protocol is governed by a decentralized set of representative councils that are voted on by stakers. Synthetix Governance: A representative council system that governs Synthetix. Governance-approved SCCPs can make these markets available for trading on frontends @Kwenta_io & @DecentrexHQ in the coming days. sUSD borrowing via SNX would also be enabled as part of Project Draco. Blog. â Grants Council: Dune Analytics Grants & Wrapper UI (ongoing). Sep 19, 2023 ⢠1 min read. This doc includes minting probability estimates for different attributes. Synthetix Governance. 15 protocols qualify to participate based on total gas fees generated on Optimism in Season 2. Synthetix will use Chainlink decentralized oracles to power all price feeds on the Synthetix exchange. Market Development Guide. synthetix. Perps. Docs. This means that SNX will necessarily be worth 3-5 times the value of all necessary sAssets. Iâve included a very basic AIP Draft with some generic outlines and instructions for the ApeCoin Foundation Administrators to create a. Kain Warwick Dec 17, 2019 ⢠8 min read Introduction Anyone following Synthetix this year is aware of our transition towards decentralised protocol control. Synthetix is a synthetic asset protocol on Ethereum. Blog. There are six governing bodies on the Synthetix ecosystem:: Spartan Council; Protocol DAO; Synthetix DAO;Recently the Synthetix community approved governance change, transitioning SCCP votes from Discord to Snapshot (an off-chain signalling mechanism used by a number of DeFi protocols). Stats. While this proposal passed unanimously, concerns were raised subsequently that the Snapshot vote weights deviated too far from the status quo. 00. SCCPs describe changes to configurable values of existing smart contracts, whereas SIPs describe changes like deploying new smart contracts or meta-governance processes like changes to the governance process. According to the update, the latest development involves the rollout of the new Synthetix V3 governance module. The Liquidity Layer of DeFi. Synthetix was originally governed by the Synthetix Foundation, a not-for. Market Development Guide. The protocol and ecosystem is more broadly. Synthetix is a platform that widens the horizon of existing trading capabilities. Stats. The process for adding new Synths to Synthetix is based on demand, liquidity, and volatility. Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi,. Quick Start. 77%. For Developers. The current Synthetix Governance signaling process is non-sybil resistant, easy to contest, and not a good indicator of community participation and sentiment. Staking App. I donât have any direct experience but it looks intriguing. All markets must be approved by Synthetix Governance through a SIP and/or a subsequent SCCP to configure variables. 5% went to partners. Blog. Each item category is listed in order of the communityâs preferences, as well as item level preferences. This program will temporarily delegate a portion of idle OP from the Governance Fund to a group of value-aligned protocols. Synthetix is excited to announce the addition of stETH/ETH perpetual futures markets, now available for leverage trading via Synthetix Perps. Protocol Governance. Quick Start. This post is going to take a different approach. This SIP proposes the base architecture for the Synthetix v3 system, as well as all v3 related systems, such as governance instances (spartan-council, etc). Synthetix Carina will also be running on Ethereum, a latency-optimized version of perps using ETH (and LSDs) as collateral. Synthetix Perps supports a wide array of synthetic assets, which is determined and updated by the decentralized governance process. For example, if you minted $1000 sUSD and the total sUSD value of all Synths in circulation is currently $1 million, your debt ratio owed to the network is 0. As early adopters of delegate governance structure and early participants in Synthetix governance structure, we find us to be a good fit for this initiative. Yield Farming tokens to keep an eye on at the end of June Uniswap UNI/USD, Aave AAVE/USD, and Synthetix Network SNX/USD are some of the best yield farming. The next Synthetix community governance call is scheduled for June 29th at 8pm UTC (6/29 afternoon/evening for western hemisphere; 6/30 morning for eastern hemisphere), and weâd love for you to join us! We'll be holding this event on our Discord, RSVP at upcoming launch of Synthetix V3 and a decentralized exchange front-end called Infinex will. Aelin is a new protocol and will have its own token, community, and governance system. Welcome back to the 8th edition of Menya Digest! This week saw a barrage of newsflow. Do you agree to abide by the delegate code of conduct: (Yes / No) Yes. There is still time to vote if you haven't yet. Perps. Live Events Oct 4, 2022. 5% went to partners. The current rewards have no expiry date but can be adjusted by a vote from Synthetix governance. Elections and Voting. October 19, 2021. . Further, my experience over the last year and a half participating as a member of the Synthetix and Lyra grants councils has provided experience in governance and vetting public goods funding. This means that SNX will necessarily be worth 3-5 times the value of all necessary sAssets. Figure 1: Showing Synthetix funding rate via KwentaFor Governance Participants. Shorting ( SIP-135) and Futures ( SIP-80) will follow soon. [00:22:25] The difference between the Synthetix DAO governance and typical corporate governance is that the people who are operating a company or a corporation. So I wrote SIP-180 which proposed utilising Synthetix governance to do a fair launch with a retro distribution to all SNX stakers as compensation for using their governance framework. The liquidated collateral is seized from all of the liquidity positions in the vault pro-rata. What is Synthetix? Synthetix is a derivatives liquidity protocol on Ethereum. âInflation was intended to bootstrap the network, it has done this extremely. Perps V3. Spot markets powered by Synthetix V3 allow anyone to exchange the V3 protocolâs stablecoin with a synthetic asset (or âsynthâ). Lastly, Synthetix and Synthetix Ambassadors do not have a history of selling any Optimism tokens, nor using them for unintended uses, or anything along those lines. Protocol name: Lyra Name of protocol representative(s) that will serve as delegate(s): Ksett Link to [delegate commitment 11]: (if your protocol doesnât currently have one, you will need to create one) Delegate Commitments - #174 by ksett Is your protocol OP Native?: Yes Was your protocol active in Optimism governance prior to 12/5/22?: Yes,. 1%. The full configuration of Base Goerli can be seen on. These markets were approved by governance in SIP 2032 and had initial configurable values set by SCCP-2042. As Synthetix is developing into a transparent and inter-operable on chain liquidity layer, its governance must also ossify to be aligned with the resiliency of the protocol. Governance. Perps V3. In other words, all members have to do is vote representatives that would make decisions on their behalf. â Spartan Council/CCs: Upgraded Liquidation Mechanism & Atomic Swap Integrations. đĄStaking variables change regularly based on governance action. While we progress these releases, the community must debate and discuss the remaining items on the roadmap, as well as any unplanned priorities, in order to crystallise later releases. Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi,. The protocol is governed by Aelin DAO (also known as Aelin Council), based on the Synthetix governance framework. **Aelin Overview **Aelin is a deal coordination protocol, it differs from an on-chain fund like the LAO because each deal is discrete. Additionally, data feeds from Pyth and Chainlink are necessary for any proposed assets to be considered for inclusion. Staking App. Blog.