Governance. Project Draco will be under development, with a plan to migrate all governance functions to the Synthetix Appchain in 2024. However, the two versions of the Synthetix network running on L1 and L2 remain. Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi,. The protocol and ecosystem is more broadly maintained and improved by a combination of core contributors, ecosystem partners, and community members. Synthetix provides liquidity for permissionless derivatives like perpetual futures, options, parimutuel markets, and more across EVM chains. Do you agree to abide by the delegate code of conduct: (Yes / No) Yes. Current Protocol Parameters. I keep hearing that Synthetix governance model is working well - separating decision making and funding decisions by functional area. The Synthetix Ambassadors will soon receive a delegation of 2m OP tokens (Optimism governance power) from the SNX Treasury Council. 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. SYNTHETIX GOVERNANCE. As Synthetix governance has rapidly and successfully evolved we have encountered friction within the Core Contributors. I don’t have any direct experience but it looks intriguing. But the fact that it. Synthetix reached its highest price on Feb 14, 2021 when it was trading at its all-time high of $ 28. SYNTHETIX FORUM View the voting history of all governance proposals. There will now be 5 Ambassadors that win seats, which will be reflected in the election that is currently ongoing. Base Andromeda. For example, MIR token holders could vote to raise or lower the minimum collateralization ratio, or to implement transaction fees. One of an emerging number of decentralized finance ( DeFi) cryptocurrencies, Synthetix enables this service through code alone, without the need for a financial intermediary. Docs. Lyra Interface is an interface for trading, liquidity provision and governance of the Lyra Protocol. Synthetix stakers do not have to participate in governance farming, although ecosystem rooms may be deployed to boost voting power. The Liquidity Layer of DeFi. 0. The rules and parameters associated with the Synthetix protocol and Synthetix DAO governance are subject to change at any time. The protocol is governed by Aelin DAO (also known as Aelin Council), based on the Synthetix governance framework. With the rise of DeFi, a new form of governance has emerged specifically designed for decentralized systems. 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,. Information TVL Stablecoin Info Treasury Fees and Revenue Derivatives Volume Governance Forks. Synthetix is excited to announce the addition of ZRX & UMA perpetual futures markets, now available for leverage trading via Synthetix Perps. They allow users. 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. Powering the next. Governance. Docs. Synthetix is an open source derivatives liquidity protocol on Ethereum. Spartan Council. To download the Addresses + ABIs for Synthetix via the command line, you can run the following command: npx @usecannon/cli inspect synthetix-omnibus -. Blog. Synthetix Governance - Election Module . Perps. These were swapped for 6. Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi, allowing anyone,. Blog. Easy 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. request collateral from an existing Pool OR. 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 is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi,. 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. All markets must be approved by Synthetix Governance through a SIP and a subsequent SCCP to configure variables. The protocol and ecosystem is more broadly maintained and improved by a combination of core contributors, ecosystem partners, and community members. synthetix. sUSD borrowing via SNX would also be enabled as part of Project Draco. The beauty of the dev fund is that theoretically it can self-fund all the things you talked about. 00. The Liquidity Layer of DeFi. 15 protocols qualify to participate based on total gas fees generated on Optimism in Season 2. Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi,. Perps. SNX Price--epoch. The Liquidity Layer of DeFi. Synthetix provides liquidity for permissionless derivatives like perpetual futures, options, parimutuel markets, and more across EVM chains. Synthetic assets, and associated products, are collateralized by stakers via Synthetix Network Token (SNX), which when locked in a staking contract enables the issuance of synthetic assets. “Governance just gets thrown out the window during a. 129: sSNX ERC-20 Synths: Andre Cronje. Developer FAQ. Powering the next. The Liquidity Layer of DeFi. Blog. These include the Spartan Council, Protocol DAO, Synthetix DAO, Ambassadors DAO, and Grants DAO. The new module will reportedly make it easier for the network to make governance decisions with. For Developers. I understand that becoming a delegate is a significant commitment: Yes. mirror. Established via SIP-93, the SC is responsible for conducting SIP/SCCP interviews, debating the implications of proposed changes, coordinating protocol changes with the protocol. Staking App. FOR PERP INTEGRATORS - Previous. ) for. 0. The Synthetix protocol is governed by a decentralized set of representative councils that are voted on by stakers. The Synthetix protocol is governed by a decentralized set of representative councils that are voted on by stakers. This includes price feeds for all cryptocurrency and index Synths. 5 Likes. S. Synthetix Governance Find links to each core component of. Spot markets powered by Synthetix V3 allow anyone to exchange the V3 protocol’s stablecoin with a synthetic asset (or “synth”). The liquidateAsAccountId parameter specifies an account which should receive the collateral. 7 Likes. Synthetix provides liquidity for permissionless derivatives like perpetual futures, options, parimutuel markets, and more across EVM chains. Developer FAQ. 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. Powering the next. The Spartan council is at the center of the Synthetix governance. Stats. Protocol Governance. Meta-Governance: Network: Ethereum & Optimism: Implementor: TBC: Release: TBD: Created: 2022-08-25:. Synthetix Governance. The proposal sets an initial fee share at 50% for LPs and 50% for SNX stakers (via a buyback and burn mechanism on Base). Blog. Synthetix provides liquidity for permissionless derivatives like perpetual futures, options, parimutuel markets, and more across EVM chains. Anyone can static call the claimRewards function to see what an account ID can claim from a distributor registered to a specified vault, accounting for amounts previously claimed. Synthetix is a decentralized liquidity provisioning protocol built on Ethereum and Optimistic Ethereum (a layer two scaling solution built on Ethereum). JoinSynthetix is a token trading platform built on Ethereum. Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi,. Optimism migration. Governance. The protocol and ecosystem is more broadly maintained and improved by a combination of core contributors, ecosystem partners, and community members. Governance. Also, in December 2019, Synthetix governance lowered the inflation percentage and added the same to. Docs. Technical Specification. Address or. Revenue Share. Docs. Governance. The Treasury Council manages the Synthetix Treasury and provides funding to the other governance bodies, CC stipend payments, and other discretionary incentives. The current Synthetix Governing Bodies are: Spartan Council; grantsDAO;. Do you agree to abide by the delegate code of conduct: (Yes / No) Yes. The Liquidity Layer of DeFi. Synthetix provides liquidity for permissionless derivatives like perpetual futures, options, parimutuel markets, and more across EVM chains. 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. Perps. Synthetix Governance Find links to each core component of the Synthetix Governance System. Voting is still in progress. Analogous to Uniswap, in exchange for extending credit. SYNTHETIX GOVERNANCE. Powering the next. Aelin is a new protocol and will have its own token, community, and governance system. For example, transferring Ether simply requires 21000 gas. 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. So the tokenomic leverage of this mechanism in the protocol is between 3 and 5, depending on the current collateral requirement. It is worth discussing governance for a second, I’m planning a much more comprehensive post on what passes for “governance” across much of crypto these days, but that post is still in draft. Synthetix Carina will also be running on Ethereum, a latency-optimized version of perps using ETH (and LSDs) as collateral. The rules and parameters associated with the Synthetix protocol and Synthetix DAO governance are subject to change at any time. Per SCCP-304, the spot market system has deployed a synthetic ETH token by creating a market for it. Synthetix provides liquidity for permissionless derivatives like perpetual futures, options, parimutuel markets, and more across EVM chains. Users pool funds into. Besides governance, Synthetix also has to contend with increasing regulatory scrutiny of a core part of its offering—tokenized stocks. Docs. Over time, Synthetix Governance will determine which assets to support as collateral in addition to the current SNX (staking) and ETH (wrappers). egk10 January 20, 2021, 2:32pm 8. 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. Perps. The rules and parameters associated with the Synthetix protocol and Synthetix DAO governance are subject to change at any time. Show topics: what Optimism and Synthetix are how zero-knowledge rollups differ. Easy to. Synthetic assets, and associated products, are collateralized by stakers via Synthetix Network Token (SNX), which when locked in a staking contract enables the issuance of synthetic assets. Optimism Collective Delegate Commitments [OLD] 📌 Policies and Templates. In Synthetix, users can deposit any ERC-20 token approved by the Synthetix governance into a vault. Staking App. The Synthetix Protocol has several governing bodies and artifacts which co-exist to enable the decentralized nature of the protocol. The Synthetix governance process uses Synthetix Improvement Proposals (SIPs) and Synthetix Configuration Change Proposals (SCCPs) to outline proposed changes to the Protocol. Delegated voting is more in line with the preexisting Synthetix Governance framework on Discord while also providing the benefits of Snapshot voting. The Synthetix Protocol is governed by four bodies, each responsible for a core aspect of a DAO. V3. Kain Warwick Dec 17, 2019 • 8 min read Introduction Anyone following Synthetix this year is aware of our transition towards decentralised protocol control. The token economics look good, as a high percentage belongs to investors. 38m . Synthetix is the backbone for derivatives trading in DeFi, allowing anyone, anywhere to gain on-chain exposure to a vast range of assets. Governance Framework The Synthetix Protocol has several governing bodies and artifacts which co-exist to enable the decentralized nature of the protocol. Synths are nothing but on-chain synthetic assets that one can trade on a DeFi platform but whose value tracks the value. Quarterly Report for Synthetix, Quarter 2 of 2022: April — June. Powering the next. 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. Voting with a Gnosis SafeA JavaScript-based, open source Discord bot to facilitate better #governance-poll experience. The Synthetix protocol is governed by a decentralized set of representative councils that are voted on by stakers. 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 ElectionModule is a part of the V3GM release; it is the first release of the governance modules. Welcome back to the 8th edition of Menya Digest! This week saw a barrage of newsflow. Once the collateral is deposited, users can mint sUSD up to the collateralization ratio set by the governance. Synthetix is excited to announce the addition of ZRX & UMA perpetual futures markets, now available for leverage trading via Synthetix Perps. Name: Decentralized Mind aka cryptologist98. The only user interfaces maintained by Synthetix DAO are the governance and staking interfaces herein. The epoch will. Governance Framework. Synthetix provides liquidity for permissionless derivatives like perpetual futures, options, parimutuel markets, and more across EVM chains. View the history of past council elections and vote in any currently open elections. All markets must be approved by Synthetix Governance through a SIP and/or a subsequent SCCP to configure variables. The Synthetix governance structure is composed of Councils, Committees, Core Contributors and a DAO. <!--You can leave these HTML comments in your merged SIP and delete the visible duplicate text guiThe Synthetix Improvement Proposal repository. Elections. The Liquidity Layer of DeFi. Staking App. Docs. Wide Variety of Assets Synthetix Perps supports a wide array of synthetic assets, which is determined and updated by the decentralized governance process. Kwenta. V3Yuga Labs of Bored Apes fame drifts away from OpenSea over royalty policyNext - For Derivatives Market Builders. Synthetix. 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. Voting is still in progress. 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. Staking Guide. Let’s start with the highlights, shall we? Q2 Highlights. Ambassador Council. Synthetix is moving away from centralized oracles as it heads toward fully decentralized governance. Synthetix is a derivatives liquidity protocol built on Ethereum, facilitating the creation and trading of synthetic decentralized assets. View the history of past council elections and vote in any currently open elections. Join SNX is adding 22 new markets to Synthetix Perps soon. g. Synthetix governance decides this collateralization requirement, but it generally stays between 300% and 500%. Build on v3. Governance. The Liquidity Layer of DeFi. Synthetix Governance Find links to each core component of the Synthetix Governance System. Synthetix Perps supports a wide array of synthetic assets, which is determined and updated by the decentralized governance process. Synthetix stands at the cusp of creating a DeFi revolution with its upcoming V3 release. Docs. And so in Synthetix you have a quasi board, right. Do you agree to abide by the delegate code of conduct: (Yes / No) Yes. FOR PERP INTEGRATORS. - GitHub - psybull/snx-governance-discord-bot: A JavaScript-based, open source Discord bot to facilitat. Docs. October 19, 2021. While this proposal passed unanimously, concerns were raised subsequently that the Snapshot vote weights deviated too far from the status quo. 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. 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. 28m: Optimism: $242. Blog. Stats. 71% in the last 24 hours. Docs. io by adding links to it from different landing pages (such as governance, staking, tools, etc). Synthetix Governance will determine which assets to support as collateral in addition to the current SNX (staking) and ETH (wrappers). Powering the next. Staking App. Perps. Maker Stability Module, inspired by Aave and Synthetix - Governance - MakerDAO. The Liquidity Layer of DeFi. In other words, all members have to do is vote representatives that would make decisions on their behalf. Perps. It has two primary functions: (a) Staking and (b) Governance. For all their commitment to the crypto cause. Synthetix provides liquidity for permissionless derivatives like perpetual futures, options, parimutuel markets, and more across EVM chains. 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. Configuration. Stats. 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. Technical Architecture. Treasury Council. Staking App. Sandbox with Perps. SYNTHETIX GOVERNANCE. 77%. 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). 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 top 20 protocols by total gas fees generated received a delegation of idle tokens from OP as a part of this program. “While we have been governed through rough consensus for some time. g. Stats. This program will temporarily delegate a portion of idle OP from the Governance Fund to a group of value-aligned protocols. The Synthetix protocol is far more complex than many other things you might do on Ethereum. Docs. Sep 19, 2023 • 1 min read. The Synthetix Protocol is governed by several key bodies and artifacts. 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. 3% went to bounties and marketing incentives. Powering the next. Synthetix reached its highest price on Feb 14, 2021 when it was trading at its all-time high of $ 28. Synthetix is a derivatives liquidity protocol built on Ethereum, facilitating the creation and trading of synthetic decentralized assets. Uniswap announces vision for v4 (read more here)The Synthetix Improvement Proposal repository. Synthetix Governance. For example, Synthetix uses our API to power their council member pages, which you can find here: Synthetix | Governance V3; Happy to hop on a call to discuss options and figure out how best to partner! Feel free to respond here, DM, or happy to share my Telegram. Foundations are also typically responsible for the governance of the platform they represent, voting on decisions about how the platform should operate or changes that need to be implemented. 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. Name: Wintermute Address of ENS: wintermutegovernance. This means that SNX will necessarily be worth 3-5 times the value of all necessary sAssets. 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. Multi-collateral staking will increase sUSD liquidity and the markets supported by Synthetix. Initially, Aelin v1 will be governed by the Aelin Council, a DAO which will be voted on by SNX stakers. This SIP introduces one of the first components of the V3 Governance Module - called the Election Module. Aave, Compound, Uniswap, etc. The Synthetix protocol is governed by a decentralized set of representative councils that are voted on by stakers. 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. Synthetix is a platform that widens the horizon of existing trading capabilities. Elections and Voting. Governance The protocol is governed by the Spartan Council. Synthetix staking is vastly different from other DeFi protocols; it allo…Blockchain technology is already radically transforming the financial system. These markets were approved by governance in SIP 2031 and had initial configurable values set by SCCP-2044. 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. Creating and Configuring Pools. 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. There will be no downtime during the release. 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. The only user interfaces maintained by Synthetix DAO are the governance and staking interfaces herein. Staking App. 58M, and market dominance of 0. 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. Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi, allowing anyone,. Synthetix governance decides this collateralization requirement, but it generally stays between 300% and 500%. Blog. Stats. Developer FAQ. How this process was handled can teach us a lot about the differences between DAOs and Corporations. All of the councils are elected by Synthetix Stakers. Design best practices for teams building on Synthetix V3. Governance. Connect wallet. Voting power is exclusively determined based on participation in the Synthetix V2 protocol. part of the greater Distributed Decentralised Autonomous Organisations responsible for the well being, growth and adoption of the Synthetix protocol. The rules and parameters associated with the Synthetix protocol and Synthetix DAO governance are subject to change at any time. 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. Blog. If you haven't already, join the Kwenta community on Discord. Synthetix operates under the governance of four key bodies: Spartan Council, Treasury Council, Ambassador Council, and Grants Council. Garth Travers. Staking App. Governance. 1m: Market Cap. 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. Governance. Protocol Information. Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi,. As per SIP-155 the Treasury Council has been established to undertake many of the responsibilities of the now dissolved synthetixDAO. Docs. Gating off incentives for just Synthetix, or using this governance power for only SNX Ecosystem projects or the like would’ve been an incredibly poor idea. David_Heisenberg May 18, 2023, 1:17am 189. 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. The Liquidity Layer of DeFi. The Synthetix governance structure is composed of Councils, Committees, Core Contributors and a DAO. Quick Start. Another. 55 each. Synthetic assets, and associated products, are collateralized by stakers via Synthetix Network Token (SNX), which when locked in a staking contract enables the issuance of synthetic. The Synthetix governance structure is composed of Councils, Committees, Core Contributors, and a DAO. Connect wallet. GitHub. My reasons for wanting to be a delegate: Mirror has been a project driven by collaboration with the. This, in turn, calls the payout function on the rewards distributor. For Governance Participants. Blog. However, since then, the TVL has risen to $800 million at the time of writing, and the price of. 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. More questions have been raised over timelocks and the tradeoff that comes with them and fully permissionless systems, with Kain Warwick, founder of Synthetix (SNX) and Aelin Protocol, arguing that “one of the planned features for the new synthetix governance module is the ability for token holders to override these time locks with. The Synthetix governance framework also saw continued evolution last month. 0). [1] Synthetic. Decisions and proposals. Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi,. Contribute to Synthetixio/SIPs development by creating an account on GitHub. The Synthetix Improvement Proposal repository. Perps. The protocol and ecosystem is more broadly maintained and improved by a combination of core contributors, ecosystem partners, and community members. Current Voting Results. 42 since April 01, 2022, and the current price stands at $2. 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. Governance. 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. For Developers. Synthetix DAO does not unilaterally offer, maintain, operate, administer, or control any trading interfaces. 9 million was raised when Synthetix sold SNX tokens to Framework Ventures. 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. 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 and DYDX's funding rates are 0. Staking FAQIt is a similar story with the Synthetix coin, finding a decent bump due to the Synthetix governance approving and implementing additional 19 markets, making their grand total a solid 71. SYNTHETIX GOVERNANCE. Following SIP-90, the existing Snapshot space will be renamed to the “Spartan Council” while an additional snapshot space called “Synthetix Proposals” will be created. Collateral: SCURVE . Benefits for Synthetix Protocol. SIP-141 formalizes the responsibilities and role of the grantsDAO, and also lays out plans to expand the scope of. Start trading in minutes. Blog. Synthetix provides liquidity for permissionless derivatives like perpetual futures, options, parimutuel markets, and more across EVM chains. Synthetix staking is vastly different from other DeFi protocols; it allows anyone to earn rewards by contributing collateral (SNX) to the Synthetix protocol. 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 operates under the governance of four key bodies: Spartan Council, Treasury Council, Ambassador Council, and Grants Council. Councils are directly elected by SNX stakers, while other governance bodies are appointed according to the existing governance procedures. Q2 Highlights ⭐ Spartan Council/CCs: V3 Audit & $10B Volume Milestone ⭐ Grants Council: Funding Rate Bot & Stats Bot ⭐ Ambassador Council: OP Governance Participation & Integrations We are only halfway through 2023 and the Core Contributors (CCs) have already made massive strides towards Synthetix is a decentralized liquidity provisioning protocol built on Ethereum and Optimistic Ethereum (a layer two scaling solution built on Ethereum). Stats. 1 day ago · Synthetix operates under the governance of four key bodies: Spartan Council, Treasury Council, Ambassador Council, and Grants Council. Do you agree to abide by the delegate code of conduct: (Yes / No) Yes. The Synthetix platform enables the creation of on-chain synthetic assets (Synths) that track the value of assets in the real world. I have read and understood that becoming a delegate is a significant commitment: Yes. Synthetix governance has approved SCCP 2008, a plan to sunset Perps V1 markets. Synthetix DAO does not unilaterally offer, maintain, operate, administer, or control any trading interfaces. Staking App.