9. September 3, 2021 The following post contains a recap of news, projects, and important updates from the Spartan Council and core contributors this week, as well as some performance highlights of those involved in governance. Election contracts that count votes based on Synthetix weighted debt will give SNX stakers a piece of governing power without their opt-in (the aforementioned vampire attack). The only user interfaces maintained by Synthetix DAO are the governance and staking interfaces herein. Staking App. Information TVL Stablecoin Info Treasury Fees and Revenue Derivatives Volume Governance Forks. Synthetix and DYDX's funding rates are 0. Pool: sUSD Liquidity Guage SCURVE. Aave, Compound, Uniswap, etc. The Synthetix Protocol is governed by four bodies, each responsible for a core aspect of a DAO. Docs. 87M, market cap of $ 395. Governance-approved SCCPs can make these markets available for trading on frontends @Kwenta_io & @DecentrexHQ in the coming days. The Liquidity Layer of DeFi. Synthetix is now controlled by three DAOs. Synths are nothing but on-chain synthetic assets that one can trade on a DeFi platform but whose value tracks the value. Với tham vọng mở rộng ra ngoài biên giới của thị trường tiền điện tử truyền thống, Synthetix đối mặt với hai đối thủ chính trong lĩnh vực tài sản tổng. Protocol Governance. Governance. Synthetix. V3 Spot Market - The first expected market on V3 is spot markets. 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. Blog. 7: Fully Diluted Valuation. It creates a bridge between traditional investment instruments, such as equities, and the realm of decentralized platforms and digital assets. “While we have been governed through rough consensus for some time. Users pool funds into. In addition to its governance model, the Synthetix DAO also includes a risk management system known as the “debt ceiling”. mirror. Powering the next. Docs. Debt positions need to be maintained at a certain collateralization ratio, which fluctuates and is determined by Synthetix governance. Protocol Delegation Self-Nominations. 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. Synthetix was originally governed by the Synthetix Foundation, a not-for. The protocol and ecosystem is more broadly maintained and improved by a combination of core contributors, ecosystem partners, and community members. The Liquidity Layer of DeFi. Propose to Synthetix governance for your Market to be enabled. 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. target. Earlier this year, the decentralized exchange ( DEX ) Uniswap removed a number of tokens from its front-end site that could constitute securities, including tokenized stocks from Synthetix, citing the. Sep 19, 2023 • 1 min read. Contribute to Synthetixio/SIPs development by creating an account on GitHub. Initially, Aelin v1 will be governed by the Aelin Council, a DAO which will be voted on by SNX stakers. Voting is still in progress. The Liquidity Layer of DeFi. 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. The protocol is governed by Aelin DAO (also known as Aelin Council), based on the Synthetix governance framework. The first to speak on this topic was @OPUser when @tongnk , of Perpetual Protocol, self-delegated the 9M OP tokens he had received in Phase 1. Quarterly Report for Synthetix, Quarter 2 of 2023: April — June. Synthetix governance decides this collateralization requirement, but it generally stays between 300% and 500%. Synthetix. Docs. Learn more. 71% in the last 24 hours. 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. Here are some quick details about each council. 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. 38m . SNX tokens are up more than 500% in price so far this year. The trading of stocks, currencies, commodities, and other assets are still dominated by the likes of Wall Street, London. Synthetix stands at the cusp of creating a DeFi revolution with its upcoming V3 release. For security reasons, the payout function should always revert unless msg. Docs. 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. According to the update, the latest development involves the rollout of the new Synthetix V3 governance module. SYNTHETIX GOVERNANCE. While this proposal passed unanimously, concerns were raised subsequently that the Snapshot vote weights deviated too far from the status quo. Coin Prices. Additionally, data feeds from Pyth and Chainlink are necessary for any proposed assets to be considered for inclusion. Furthermore, these tokens were directed to be held by the. What we can say is that there is no opaque centralised body the Synthetix network relies on to “guard” the Synthetix protocol. 💡Staking variables change regularly based on governance action. For one, Synthetix incorporates six different DAOs designed to play specified governance roles within the Synthethix ecosystem. Votes. Synthetix lists Tether USDT Perps. ) for. Thales protocol is Optimism native protocol born out of the Synthetix ecosystem. Garth Travers. These are generated whenever someone makes an exchange within the Synthetix system. Smart Contracts. For this reason, we will strongly encourage people claiming OP in Airdrop #1. Elections. The protocol and ecosystem is more broadly maintained and improved by a combination of core contributors, ecosystem partners, and community members. Initially, Synthetix governance participation was limited, meaning the project was partially decentralized. The key decentralized. Blog. 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. The V3 Watcher Stats page is also officially complete, so check that out for all of your stats needs!Synthetix price today is $ 3. Synthetix was originally overseen by a non-profit foundation in Australia. . However, since then, the TVL has risen to $800 million at the time of writing, and the price of. This doc includes minting probability estimates for different attributes. 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. SIP-306: V3 Migration SIP-323: Adopt "s" prefix for Synthetix V3 asset tickers. Docs. Stats. use this example (coming) this step goes away once permissionless Markets are enabled by Spartan Council governance. The Synthetix governance framework also saw continued evolution last month. Synthetix Governance. How this process was handled can teach us a lot about the differences between DAOs and Corporations. ⭐ Grants Council: Dune Analytics Grants & Wrapper UI (ongoing). Contribute to Synthetixio/SIPs development by creating an account on GitHub. Messari’s recent update takes a look at what Synthetix has been up to. 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. The rules and parameters associated with the Synthetix protocol and Synthetix DAO governance are subject to change at any time. Uni3 December 14, 2020,. These markets have been in close-only mode for 3 months, but there are still some positions that haven’t been closed. Name. The Aelin project helps individuals (sponsors) and protocols to raise capital from their communities via two primary methods. Blog. Address or. use this example (coming) this step goes away once permissionless Markets are enabled by Spartan Council governance. The following post contains a recap of news, projects, and important updates from the Spartan Council and core contributors this week, as well as some performance highlights of those involved in governance. This is the benefit of the Synthetix system - you can gather liquidity yourself and work through governance to gather liquidity for. Base Andromeda. Name: Wintermute Address of ENS: wintermutegovernance. The Election Module is proposed to replace the existing Snapshot election process carried out by the Synthetix DAOs whilst also providing a standard module which other protocols can use for their governance. Synthetix Governance - Election Module . Please list any anticipated conflicts of interest: NoneSynthetix Governance Elections - August 2023 Nominations for the Synthetix Councils' next epoch will open on Thursday, August 17th. Multi-collateral staking will increase sUSD liquidity and the markets supported by Synthetix. We would like to ensure that there is advanced notice of this delegation because of anticipated community feedback. For example, MIR token holders could vote to raise or lower the minimum collateralization ratio, or to implement transaction fees. As a VP of growth I would think it would be in your job description to actually use other products and garner the feedback yourself. 71% in the last 24 hours. This guide has been updated as of 7/28/22. For Developers. If this SIP is approved and adopted, the following will be implemented:💡Staking variables change regularly based on governance action. Synthetix is excited to announce the addition of ZRX & UMA perpetual futures markets, now available for leverage trading via Synthetix Perps. However, the two versions of the Synthetix network running on L1 and L2 remain. Stats. Stats. Synthetix is an open source derivatives liquidity protocol on Ethereum. Perps V3. Staking App. Elections and Voting. There will be no downtime during the release. The Synthetix governance framework also saw continued evolution last month. The epoch will last four months, starting August 30th. Powering the next. Synthetix provides liquidity for permissionless derivatives like perpetual futures, options, parimutuel markets, and more across EVM chains. This proposal aims to simplify the meta-governance processes of the Synthetix Governance System and addresses current meta-governance edge-cases and frictions. great. If SIP-276 is passed by the Synthetix governance community, ten periodic installments of 675,000 SNX tokens will be added to the current total supply of 293 million tokens in order to reach the. Governance. The Liquidity Layer of DeFi. FOR PERP INTEGRATORS - Previous. Connect wallet. This is a necessary step in deprecating Perps V1 and moving these last few traders toSynthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi,. By integrating with decentralized oracle networks, it allows users to receive a loan of stablecoins against. Governance. Initially, Aelin v1 will be governed by the Aelin Council, a DAO which will be voted on by SNX. Synthetix is a decentralized liquidity provisioning protocol built on Ethereum and Optimistic Ethereum (a layer two scaling solution built on Ethereum). Inflation was introduced in march 2019 in order to help bootstrap the network, following the pivot from Havven to Synthetix. 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. Last modified. FOR PERP INTEGRATORS. 7 Likes. Perps. What makes Synthetix unique is the robust nature of its governance system. One of an emerging number of decentralized finance ( DeFi) cryptocurrencies, Synthetix enables this service through code alone, without the need for a financial intermediary. Delegated voting is more in line with the preexisting Synthetix Governance framework on Discord while also providing the benefits of Snapshot voting. Perps V3 Keeper. With mature on-chain representative governance in place, we're empowering an entire ecosystem that operates with resilience and censorship resistance. 00. This, in turn, calls the payout function on the rewards distributor. The Synthetix protocol is governed by a decentralized set of representative councils that are voted on by stakers. Expected. Synthetix provides liquidity for permissionless derivatives like perpetual futures, options, parimutuel markets, and more across EVM chains. 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…Crypto News Cast For May 21st 2022 ? Crypto News Cast 📮 21-05-2022 News Source Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter. 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. Protocol Governance. Click here to view original web page at blog. The minted sUSD can be used within the Synthetix ecosystem or traded on other platforms. Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi,. Powering the next. Do you agree to abide by the delegate code of conduct: (Yes / No) Yes. Blog. For Developers. The rules and parameters associated with the Synthetix protocol and Synthetix DAO governance are subject to change at any time. Lyra Interface is an interface for trading, liquidity provision and governance of the Lyra Protocol. Analogous to Uniswap, in exchange for extending credit. We’ve made progress, but. 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. Blog. Synthetix provides liquidity for permissionless derivatives like perpetual futures, options, parimutuel markets, and more across EVM chains. During this time, Gauntlet will provide risk management coverage for all Aave v2 and v3 markets using its. 4K subscribers in the synthetix_io community. Template Perps V3 Keeper. Current Voting Results. On Aug. It is expected that the ambassadorsDAO will follow suit in the near future. Governance. The Synthetix community is considering putting an end to its inflationary economics in ten weeks’ time. Aave, Compound, Uniswap, etc. 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. 7 Likes. The proposal sets an initial fee share at 50% for LPs and 50% for SNX stakers (via a buyback and burn mechanism on Base). The founder of decentralized finance (DeFi) protocol Synthetix, Kain Warwick, has submitted a proposal that would turn off very high yield returns for SNX stakers and cap the total SNX token supply at 300 million. Blog. It is expected that the ambassadorsDAO will follow suit in the near future. Blog. Synthetix Governance Elections is ongoing, with nominations and voting to close by August 30th. 1 day ago · Synthetix operates under the governance of four key bodies: Spartan Council, Treasury Council, Ambassador Council, and Grants Council. You can trade Synths — which. The rules and parameters associated with the Synthetix protocol and Synthetix DAO governance are subject to change at any time. Synthetix offers tKain Warwick, founder at Synthetix, explained in a governance proposal on Friday that the initial rationale for keeping an ever-inflationary supply for SNX had passed as the protocol was now. The Liquidity Layer of DeFi. 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. Synthetix governance was faced with a very challenging decision. Synthetix started out as a stablecoin, before pivoting to DeFi. Docs. Synthetix is an Ethereum-based protocol that allows users to create and issue synthetic assets, or Synths, which can be traded on supported decentralized exchanges. Synthetix is a liquidity provisioning protocol on Optimism and Ethereum Mainnet that powers some of…Current Voting Results. It utilizes an automated liquidity provision mechanism and has gained significant popularity. Unique to Synthetix is the ability for liquidity pool managers to configure these pools to extend credit to derivatives markets. During an in-depth discussion with Decrypt’s Dan Roberts at Chainlink SmartCon last week, Warwick said he believes DeFi governance “is actually worse today” than one year ago. Elections. Perps. Powering the next. The poolId and collateralType parameters specify the vault to liquidate. 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. Spartan Council. V3GM: “The new Synthetix governance module, aka, thanks for nothing Aragon“ Regarding Synthetix V2x, he said: “Right now the goal of my life is to shut down development on V2x so we can focus on V3, I have been unsuccessfully spearheading this initiative since mid-2021. The Synthetix Protocol is governed by four bodies, each responsible for a core aspect of a DAO. Developer FAQ. ) to a committee of ambassadors focused on furthering. Kain said that the control of Infinex would be relegated to a mode of decentralized governance. 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. SNX, its native token, is currently trading at a 94. . For Developers. Base Andromeda. 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. Optimism Collective Delegate Commitments [OLD] 📌 Policies and Templates. Governance. Synthetix started out as a stablecoin, before pivoting to DeFi. Meta-Governance: Network: Ethereum & Optimism: Implementor: TBC: Release: TBD: Created: 2022-08-25:. Synthetix provides liquidity for permissionless derivatives like perpetual futures, options, parimutuel markets, and more across EVM chains. Staking App. Unique to Andromeda Base is the use of a USDC wrapper, enabling USDC to appear to be used as collateral for LPs, and as margin as perp traders. The protocol and ecosystem is more broadly maintained and improved by a combination of core contributors, ecosystem partners, and community members. This program will temporarily delegate a portion of idle OP from the Governance Fund to a group of value-aligned protocols. 28m: Optimism: $242. Powering the next. Quick Start. Synthetix Governance DAO is responsible for the governance of Synthetix, a platform that enables the creation and trading of synthetic assets. US is the crypto trading platform for US residents where you can buy, sell, and trade cryptocurrencies and alt coins with some of the lowest fees in the US. See the following. S. - GitHub - psybull/snx-governance-discord-bot: A JavaScript-based, open source Discord bot to facilitat. Decisions and proposals put forth by these councils are subject to majority votes from SNX stakes, ensuring a democratic and community-driven approach to protocol development. Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi, allowing anyone,. Ambassador Council. Docs. Protocol name: Lyra Name of protocol representative(s) that will serve as delegate(s): Ksett Link to [delegate commitment 11]: (if your protocol doesn’t 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,. Governing Bodies The Synthetix Protocol is governed by four bodies, each responsible for a core aspect of a DAO. FOR PERP INTEGRATORS. Staking App. 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). For some reason, the community keeps coming up with major. By allowing token holders to participate in decision-making, Synthetix ensures a decentralized approach to managing its innovative financial ecosystem. Stats. Synthetix provides liquidity for permissionless derivatives like perpetual futures, options, parimutuel markets, and more across EVM chains. Synthetix V3 is currently in alpha. Introduction. On Compound, for example, lenders and borrowers receive the native COMP token, which accrues according to usage of the. Synthetix provides liquidity for permissionless derivatives like perpetual futures, options, parimutuel markets, and more across EVM chains. Blog. Other. Users may also provide liquidity to derivatives markets, which can use fees to repay their debt. This system sets a limit on the total amount of Synths that can be generated, ensuring that the platform remains stable and solvent. SIP-141 formalizes the responsibilities and role of the grantsDAO, and also lays out plans to expand the scope of. My reasons for wanting to be a delegate: Governance, voting and the separation of powers. Do you agree to abide by the delegate code of conduct: (Yes / No) Yes. Spartan Council (8 Members) The Spartan Council (SC) is the central governing body of the Synthetix protocol. Synthetix Governance. Passed: Yes. Do you agree to abide by the delegate code of conduct: (Yes / No) Yes. Governing Bodies The Synthetix Protocol is governed by four bodies, each responsible for a core aspect of a DAO. . Docs. Synthetix is the backbone for derivatives trading in DeFi, allowing anyone, anywhere to gain on-chain exposure to a vast range of assets. Synthetix is an Ethereum-based protocol for issuing synthetic assets. Each governance component is assigned a specific aspect of protocol governance. . Stats. Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi, allowing anyone,. Gunboats and Mojo created a LEAP for Lyra to integrate Synthetix Perps V2; LEAP-52 has passed and is awaiting audit; 5. Abstract. Synthetix Governance Find links to each core component of the Synthetix Governance System. $681. Let’s start with the highlights, shall we? Q2 Highlights. Perps. Wallet. Synthetix Governance. Governance bodies: Synthetix heavily relies on different DAOs to ensure governance runs smoothly. The Liquidity Layer of DeFi. Staking App. **Aelin Overview **Aelin is a deal coordination protocol, it differs from an on-chain fund like the LAO because each deal is discrete. Some examples of assets that the platform supports are synthetic fiat currencies (sUSD, sAUD, sKRW, etc. How to write SIP/SCCPs. The elected members will serve a 4-month termAs early adopters of delegate governance structure and early participants in Synthetix governance structure, we find us to be a good fit for this initiative. Powering the next. Synthetix governance decides this collateralization requirement, but it generally stays between 300% and 500%. As per SIP-155 the Treasury Council has been established to undertake many of the responsibilities of the now dissolved synthetixDAO. Voting power is exclusively determined based on participation in the Synthetix V2 protocol. I keep hearing that Synthetix governance model is working well - separating decision making and funding decisions by functional area. Design best practices for teams building on Synthetix V3. [1] Synthetic. There is still time to vote if you haven't yet. Stats. The new module will reportedly make it easier for the network to make governance decisions with. 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 we’d 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. This allows users to confidently trade and access synthetic assets without the. Docs. Kain Warwick, founder of Synthetix, and Ben Jones, cofounder and chief scientist at Optimism Foundation, discuss the current state of Ethereum Layer 2s, Optimism’s new governance structure, why Synthetix chose to build on Optimism, and more. Synthetix Stakers are assigned a. Powering the next. Staked SNX enables. Technical Architecture. Please list any anticipated conflicts of interest: NoneSynthetix governance is voting to launch V3. Synthetix is a decentralized liquidity provisioning protocol built on Ethereum and Optimistic Ethereum (a layer two scaling solution built on Ethereum). Synthetix DAO. FOR PERP INTEGRATORS. 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. SNX is the native token of the Synthetix Network and has two main functions: staking and governance. 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. Current Target C-Ratio: 400% For more updated information, monitor Synthetix governance votes and the SIP/SCCP repo. One of the world’s leading Web3 accelerators with the strongest network in Asia, LongHashX partners with ecosystems like Filecoin, Polkadot, Axelar, and Algorand to empower founders to build top-class Web3 native projects. Synthetix is a platform that widens the horizon of existing trading capabilities. 002908%, respectively (note: funding rates fluctuate, this isn't current). Synthetix V3 features a generalized collateral vault system that is agnostic to collateral types. These markets generally rely on decentralized oracle networks (such as Chainlink and Pyth) to retrieve the price of off-chain assets and issue on-chain derivatives of these assets. For more updated information, monitor Synthetix governance votes and the SIP/SCCP repo. Each governance component is assigned a specific aspect of. My previous post was a long-form exploration of the future of Synthetix. Uniswap announces vision for v4 (read more here)The Synthetix Improvement Proposal repository. Synthetix is run as a DAO (see page 34), and Kain remains the largest holder of Synthetix governance tokens, which currently fetch about $10. Here, we will explore the role of governance in DeFi, leading protocols, and how it…Kain Warwick is an entrepreneur, blockchain developer, author, investor and all round crypto enthusiast, and is the founder of Synthetix, a decentralised synthetic asset platform that supports multiple fiat currencies and commodities. An open source software foundation is a not-for-profit entity established to oversee and manage an open source software project. For Governance Participants. 5% went to partners. Staking FAQIntroduction Decentralized governance has been a long-discussed topic – it aims at helping to prevent corruption, empowering a community to have | Bitget crypto news!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. Blog. Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi,. Sep 1, 2020 • 2 min read. The decision to leverage Synthetix governance relied on the past success of Thales and Kwenta in establishing independent communities. 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. Protocol Governance. GMX. Do you agree to abide by the delegate code of conduct: (Yes / No) Yes. SNX’s initial supply of 100,000,000 tokens was released in 2018. All markets must be approved by Synthetix Governance through a SIP and/or a subsequent SCCP to configure variables. August 13, 2021. You can see the list of top protocols based on gas. Prototype V3 keeper using the Synthetix Python SDK. 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. – Uniswap. Votes. 👉Q3 Highlights ⭐ Spartan Council/CCs: Base Deployment & Testnet Trading Competition ⭐ Grants Council: NFT Project & Watcher Page ⭐ Ambassador Council: Spartan Spaces & Governance Proposals As we wrap up the third quarter of 2023, it’s time to review the major events of SYNTHETIX GOVERNANCE. I understand that becoming a delegate is a significant commitment: Yes. Engineers are now working on reflecting this in the backend/frontend for the Synthetix Governance Module. 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. All supported markets benefit from deep liquidity and low fees, thanks to the use of fully decentralized off-chain oracles and Synthetix liquidity. Maybe we can put UNI in a Maker vault, and then lend the Dai on Compound. They are elected by those providing SNX tokens to the protocol. For example, the Ambassador Council is responsible for promoting Synthetix’s interest in the Ethereum ecosystem. 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. These markets were approved by governance in SIP 2031 and had initial configurable values set by SCCP-2044. This section of the SIP proposes to: Label the collective governing collectively bodies as the Synthetix DAO. 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.