Blog. Link to Synthetix Discord Dune AnalyticsFinally, governance can be used to create incentives to mint and sell mAssets, helping to fix broken price pegs. For one, Synthetix incorporates six different DAOs designed to play specified governance roles within the Synthethix ecosystem. Synthetix founder Kain Warwick spoke with Decrypt's Dan Roberts all about DeFi governance and its challenges, his problems with voting platforms like Snapshot, DAO fatigue, regulation and the SEC, and stablecoins onstage at Chainlink SmartCon 2022. October 19, 2021. FOR PERP INTEGRATORS. The protocol and ecosystem is more broadly maintained and improved by a combination of core contributors, ecosystem partners, and community members. Stats. The liquidateAsAccountId parameter specifies an account which should receive the collateral. Developer FAQ. 6 Likes. Perps V3. 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. For Governance Participants. Synthetix stakers do not have to participate in governance farming, although ecosystem rooms may be deployed to boost voting power. 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. – Uniswap. Staking App. Powering the next. Please list any anticipated conflicts of interest: NoneThe Protocol Delegation Program was approved in Special Voting Cycle #9b. Elections and Voting. Blog. 0) to a decentralised and flat structured entity (Web3. blog. While this proposal passed unanimously, concerns were raised subsequently that the Snapshot vote weights deviated too far from the status quo. ⭐ Spartan Council/CCs: Base Deployment & Testnet Buying and selling Competitors⭐ Grants Council: NFT Undertaking & Watcher Web page⭐ Ambassador Council: Spartan Areas & Governance Proposals SYNTHETIX GOVERNANCE. My previous post was a long-form exploration of the future of Synthetix. SIP-306: V3 Migration SIP-323: Adopt "s" prefix for Synthetix V3 asset tickers. Synthetix Governance DAO. Base Andromeda. And DeFi guru Kain Warwick, the founder of Synthetix, has much harsher words for the state of play. Start trading in minutes. Staking App. By integrating with decentralized oracle networks, it allows users to receive a loan of stablecoins against. FOR PERP INTEGRATORS. The decision to leverage Synthetix governance relied on the past success of Thales and Kwenta in establishing independent communities. The token economics look good, as a high percentage belongs to investors. 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. Synthetix is a decentralized liquidity provisioning protocol built on Ethereum and Optimistic Ethereum (a layer two scaling solution built on Ethereum). What does it do: The proposal outlines a 12-month engagement between Gauntlet and Aave, starting on December 28, 2022, and ending on December 28, 2023. 125: Create synths for top traded US stock index etfs: FinanceGuy82415. lens Link to delegate commitment: Delegate Commitments - #164 by Benjamin. The protocol and ecosystem is more broadly maintained and improved by a combination of core contributors, ecosystem partners, and community members. Synthetix Governance Find links to each core component of the Synthetix Governance System. Synthetix Governance. Smart Contracts. to a Spartan Council member on discord by searching members with the "Spartan Council" role or finding them within the #governance channel. 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. The new version will have a modular mechanism supporting multi-collateral staking, customizable debt positions, and permissionless synths. 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. Synthetix operates under the governance of four key bodies: Spartan Council, Treasury Council, Ambassador Council, and Grants Council. Docs. These markets were approved by governance in SIP 2032 and had initial configurable values set by SCCP-2042. Each governance component is assigned a specific aspect of. Powering the next. Analogous to derivatives in legacy finance, synthetic assets are financial instruments in the form of ERC-20 smart contracts known as “Synths,” which track and provide the returns of another asset without requiring you to hold that asset. The process for adding new Synths to Synthetix is based on demand, liquidity, and volatility. SYNTHETIX GOVERNANCE. The Liquidity Layer of DeFi. ⭐ Ambassador Council: Spartan Spaces & Ambassador. 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. Docs. Blog. Click here to view original web page at blog. Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi,. Passed: Yes. These are generated whenever someone makes an exchange within the Synthetix system. The Synthetix protocol is governed by a decentralized set of representative councils that are voted on by stakers. The minted sUSD can be used within the Synthetix ecosystem or traded on other platforms. If you haven't already, join the Kwenta community on Discord. 7: Fully Diluted Valuation. FOR PERP INTEGRATORS. Perps V3. Lyra Interface is an interface for trading, liquidity provision and governance of the Lyra Protocol. Synths are nothing but on-chain synthetic assets that one can trade on a DeFi platform but whose value tracks the value. Hello fellow Apes, I’ve started this topic with advice from @Marklar to help get the conversation going around what people would like to see in the upcoming Board Nominations and Elections process. Blog. How this process was handled can teach us a lot about the differences between DAOs and Corporations. Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi,. Abstract. Perps. 5% went to partners. Synthetix was originally governed by the Synthetix Foundation, a not-for. As Synthetix governance has rapidly and successfully evolved we have encountered friction within the Core Contributors. 846K AAVE For, 256K AAVE Against. Underneath, USDC is wrapped and or traded into sUSDC for LP collateral (and collecting fees), and sUSD as perp margin. The Liquidity Layer of DeFi. Do you agree to abide by the delegate code of conduct: (Yes / No) Yes. SIP-141 formalizes the responsibilities and role of the grantsDAO, and also lays out plans to expand the scope of initiatives supported by the grantsDAO. Governance. Governance-approved SCCPs can make these markets available for trading on frontends @Kwenta_io & @DecentrexHQ in the coming days. 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. Voting is still in progress. Name of protocol representative (s) that will serve as delegate (s): Rev Miller, CJ Hetherington. Synthetix Stakers are assigned a. Docs. 52. There will now be 5 Ambassadors that win seats, which will be reflected in the election that is currently ongoing. Connect wallet. Synthetix governance was faced with a very challenging decision. 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. Synthetix provides liquidity for permissionless derivatives like perpetual futures, options, parimutuel markets, and more across EVM chains. The Liquidity Layer of DeFi. Request some of the existing $500m+ Synthetix collateral for your market. I don’t have any direct experience but it looks intriguing. Synthetix Governance and Tokenomics Holders of the SNX token are able to vote on and make proposals on the current and future parameters of Synthetix. More competitive offering - Lower fees can be passed on to users, making Synthetix and its. Powering the next. The Synthetix protocol is far more complex than many other things you might do on Ethereum. One debate that has been ongoing since the beginning of this governance is the use of tokens allocated in project grants to increase the voting power of their delegates. Councils are directly elected by SNX stakers, while other governance bodies are appointed according to the existing governance procedures. While Synthetix's governance initially fell under a non-profit foundation, this structure dissolved in 2020. What makes Synthetix unique is the robust nature of its governance system. Let’s start with the highlights, shall we? Q2 Highlights. For Liquidity Pool Managers. David_Heisenberg May 18, 2023, 1:17am 189. 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. And so in Synthetix you have a quasi board, right. Synthetix. See the following. Synths comply with the ERC-20 standard, which means they are compatible with an enormous number of. Staking App. For security reasons, the payout function should always revert unless msg. We would like to ensure that there is advanced notice of this delegation because of anticipated community feedback. mirror. Over time, Synthetix Governance will determine which assets to support as collateral in addition to the current SNX (staking) and ETH (wrappers). Elections. The only user interfaces maintained by Synthetix DAO are the governance and staking interfaces herein. - GitHub - psybull/snx-governance-discord-bot: A JavaScript-based, open source Discord bot to facilitat. Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi,. Then, an address that owns (or has relevant permissions on) that account can call the claimRewards function. Quick Start. Protocol Governance. 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. 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. Sandbox with Perps. Synthetix Governance Find links to each core component of. Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi, allowing anyone,. Last modified 2mo ago 2mo agoThe team is also working on bringing more visibility to pr. 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. The Synthetix platform enables the creation of on-chain synthetic assets (Synths) that track the value of assets in the real world. Spartan Council. VIEW ALL COUNCIL MEMBERS. The key decentralized councils and DAOs are the - Spartan Council, Treasury Council, Ambassador Council, and Grants Council. 19 to $1. 0. SNXweave Weekly Recap September 24, 2021 - Blog - Podcast Synthetix Community Governance Call Come join us at 9pm UTC… synthetixweekly. This SIP proposes to establish a clear inclusion criteria for a Core Contributor to be added as a signer to the protocolDAO. Docs. For some reason, the community keeps coming up with major. SYNTHETIX GOVERNANCE. 5% went to partners. 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. How to write SIP/SCCPs. 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. Powering the next. S. Figure 1: Showing Synthetix funding rate via KwentaFor Governance Participants. Stats. Stats. Synthetix and DYDX's funding rates are 0. It has two primary functions: (a) Staking and (b) Governance. Governance. Audits: n/a. sUSD Balance 0. Synthetix provides liquidity for permissionless derivatives like perpetual futures, options, parimutuel markets, and more across EVM chains. 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. 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. SNX Price--epoch. Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi,. MattL October 17, 2022, 7:38pm #1. Synthetix Governance. Governance. **Aelin Overview **Aelin is a deal coordination protocol, it differs from an on-chain fund like the LAO because each deal is discrete. Integrators are rewarded for driving volume through Synthetix Perps. The presentation of SIP-179 is also discussed, as well as upcoming election coverage from SNXweave. The Optimism migration is the most important aspect of V2x, thankfully two critical components have already been launched, with both staking and exchanges having gone live this year. 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. Governance. Governance. SYNTHETIX GOVERNANCE. Do you agree to abide by the delegate code of conduct: (Yes / No) Yes. I keep hearing that Synthetix governance model is working well - separating decision making and funding decisions by functional area. Synthetix V3 is currently in alpha. Current Protocol Parameters. nominations. Protocol Delegation Self-Nominations. Blog. But even when inflation was. This allows users to confidently trade and access synthetic assets without the. FOR PERP INTEGRATORS. Show topics: what Optimism and Synthetix are how zero-knowledge rollups differ. Synthetix SNX/USD remains under pressure; the price of this cryptocurrency fell from $8. It was one of the last remaining areas of centralisation and this transition marks the end of. Quick Start. Another Spotify podcast, Synthetix Discussions, includes longer form discussion about SIPs and Community Governance calls. The next Synthetix community governance call is scheduled for Tuesday Sep 27th at 8pm UTC (9/27 afternoon/evening for western hemisphere; 9/28 morning for eastern hemisphere), and we’d love for you to join us!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…The Protocol Delegation Program was approved in Special Voting Cycle #9b. . Millie: The proposal says only if there is a protocol governance upgrade that renders it. 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). 👉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. Synthetix provides liquidity for permissionless derivatives like perpetual futures, options, parimutuel markets, and more across EVM chains. Each item category is listed in order of the community’s preferences, as well as item level preferences. SYNTHETIX GOVERNANCE. Powering the next. Perps. The Synthetix protocol is governed by a decentralized set of representative councils that are voted on by stakers. Synthetix provides liquidity for permissionless derivatives like perpetual futures, options, parimutuel markets, and more across EVM chains. Powering the next. In Synthetix, users can deposit any ERC-20 token approved by the Synthetix governance into a vault. Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi, allowing anyone,. 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. JoinSynthetix is a token trading platform built on Ethereum. g. 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 Synthetix Ambassadors Council have announced plans to self-delegate 2M OP tokens from their Optimism Governance Fund grant. Synthetix is a decentralized liquidity provisioning protocol built on Ethereum and Optimistic Ethereum (a layer two scaling solution built on Ethereum). The Synthetix protocol is governed by a decentralized set of representative councils that are voted on by stakers. Stats. KIP proposal (Kwenta) Mojo created a KIP for Kwenta to agree to the terms laid out in LEAP-43, and host Lyra Options for 6 months; Optimism Governance Forum Activity: The Synthetix Ambassadors have a major voice in Optimism. The Blockchain-ification of Finance. These markets were approved by governance in SIP 2031 and had initial configurable values set by SCCP-2044. csv. VIEW ALL COUNCIL MEMBERS. 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. Meta-Governance: Network: Ethereum & Optimism: Implementor: TBC: Release: TBD: Created: 2022-08-25:. 87M, market cap of $ 395. Governance. Synthetix Governance. 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. Docs. 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. So the tokenomic leverage of this mechanism in the protocol is between 3 and 5, depending on the current collateral requirement. Synthetix provides liquidity for permissionless derivatives like perpetual futures, options, parimutuel markets, and more across EVM chains. Docs. You can trade Synths — which. Synthetix Governance. The Synthetix protocol is governed by a decentralized set of representative councils that are voted on by stakers. The only user interfaces maintained by Synthetix DAO are the governance and staking interfaces herein. Blog. Uni3 December 14, 2020,. However, since then, the TVL has risen to $800 million at the time of writing, and the price of. Synthetix is excited to announce the addition of ZRX & UMA perpetual futures markets, now available for leverage trading via Synthetix Perps. Synthetix. Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi,. Please list any anticipated conflicts of interest: NoneSynthetix operates under the governance of four key bodies: Spartan Council, Treasury Council, Ambassador Council, and Grants Council. The rules and parameters associated with the Synthetix protocol and Synthetix DAO governance are subject to change at any time. 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. Staking App. The decision to leverage Synthetix governance relied on the past success of Thales and Kwenta in establishing independent communities. Code Deployments Documentation. Powering the next. Synthetix (SNX) is a decentralized liquidity provisioning protocol built on Ethereum and Optimism, serving as a backend liquidity layer for some of the most innovative protocols in the DeFi ecosystem. The Synthetix community is considering putting an end to its inflationary economics in ten weeks’ time. Spot markets powered by Synthetix V3 allow anyone to exchange the V3 protocol’s stablecoin with a synthetic asset (or “synth”). Staking App. The rules and parameters associated with the Synthetix protocol and Synthetix DAO governance are subject to change at any time. Treasury Council (4 members) - The Treasury Council (TC) manages the synthetix treasury and provides funding to the other governance bodies, cc stipend payments, and other discretionary incentives. Quick Start. Synthetix will use Chainlink decentralized oracles to power all price feeds on the Synthetix exchange. SNX Stakers earn weekly rewards for collateralizing the. It creates a bridge between traditional investment instruments, such as equities, and the realm of decentralized platforms and digital assets. 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. 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. Synthetix Governance: A representative council system that governs Synthetix. – SynthetixProtocol name: BeethovenX & Balancer Name of protocol representative(s) that will serve as delegate(s): solarcurve Link to delegate commitment : Delegate Commitments - #44 by solarcurve Is your protocol OP Native?: No Was your protocol active in Optimism governance prior to 12/5/22?: I’ve voted on 100% of votes in my capacity as. These markets were approved by governance in SIP 2031 and had initial configurable values set by SCCP-2044. Synthetix DAO does not unilaterally offer, maintain, operate, administer, or control any trading interfaces. Synthetix is a derivatives liquidity protocol built on Ethereum, facilitating the creation and trading of synthetic decentralized assets. Developer FAQ. V3. Both asset baskets were selected through community governance. Powering the next. Governance. Chain Breakdown; Ethereum: $439. Additionally, data feeds from Pyth and Chainlink are necessary for any proposed assets to be considered for inclusion. I don’t have any direct experience but it looks intriguing. For this reason, we will strongly encourage people claiming OP in Airdrop #1. Here are some quick details about each council. Synthetix V3 is currently in alpha. I don’t have any direct experience but it looks intriguing. Synthetix operates under the governance of four key bodies: Spartan Council, Treasury Council, Ambassador Council, and Grants Council. 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. The full configuration of Base Goerli can be seen on. 55 each. Synthetix governance has approved SCCP 2008, a plan to sunset Perps V1 markets. Docs. Please register to be a delegate at Participating in Token House governance will require a serious time commitment. So the tokenomic leverage of this mechanism in the protocol is between 3 and 5, depending on the current collateral requirement. What makes Synthetix unique is the robust nature of its governance system. These markets enable the creation and trading of spot synths created entirely on Synthetix V3. Do you agree to abide by the delegate code of conduct: (Yes / No) Yes. Staking App. Perps. So the tokenomic leverage of this mechanism in the protocol is between 3 and 5, depending on the current collateral requirement. Unique to Synthetix is the ability for liquidity pool managers to configure these pools to extend credit to derivatives markets. Docs. These markets were approved by governance in SIP 2032 and had initial configurable values set by. Synthetix Governance. 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. Collateral: SCURVE . Synthetix Governance: A representative council system that governs Synthetix. Synthetix Governance Find links to each core component of the Synthetix Governance System Join the community governance discussion in realtime. This just granted a few special permissions to the LegacyMarket contract, which is the facilitator of the migration to Synthetix V3. It allows to creation of real world assets, like stocks and shares to be bought and traded using crypto. Stats. For Developers. Perps. 🏛 Governance. Synthetix governance decides this collateralization requirement, but it generally stays between 300% and 500%. Consensus Check. All markets must be approved by Synthetix Governance through a SIP and/or a subsequent SCCP to configure variables. The Synthetix protocol is governed by a decentralized set of representative councils that are voted on by stakers. 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. We’ve made progress, but. Furthermore, these tokens were directed to be held by the. GMX. For one, Synthetix incorporates six different DAOs designed to play specified governance roles within the Synthethix ecosystem. Staking App. 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. 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. Protocol name: QiDao Protocol Name of protocol representative(s) that will serve as delegate(s): Benjamin. Protocol Governance. Aelin is a new protocol and will have its own token, community, and governance system. Synthetix was originally overseen by a non-profit foundation in Australia. Synthetix is an open source derivatives liquidity protocol on Ethereum. Synthetix Perps supports a wide array of synthetic assets, which is determined and updated by the decentralized governance process. Governance. FOR PERP INTEGRATORS. Perps. Each trade generates an exchange fee that is sent to a fee pool, available for stakers to claim their proportion each week. 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. Spartan Council. Blog. Stats. Docs. Synthetix is one of the oldest DeFi projects out there that has a decentralized governance structure through the SynthetixDAO. The Lyra Protocol integrates with GMX on Arbitrum to delta hedge its vaults with GMX perps. Propose to Synthetix governance for your Market to be enabled. Grants Council. Synthetix, the third-largest DeFi platform by assets locked, is now under the control of community-owned organizations, or DAOs. Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi,. Staking App. The proposal sets an initial fee share at 50% for LPs and 50% for SNX stakers (via a buyback and burn mechanism on Base). DecentralizedMind January 16, 2023, 5:39pm 198. 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. 1 day ago · Synthetix operates under the governance of four key bodies: Spartan Council, Treasury Council, Ambassador Council, and Grants Council. Perps. Benefits for Synthetix Protocol. SNX is the native token of the Synthetix Network and has two main functions: staking and governance. It is fair to say this was a far more successful change than anyone anticipated. This is the benefit of the Synthetix system - you can gather liquidity yourself and work through governance to gather liquidity for. Garth Travers. Multi-collateral staking will increase sUSD liquidity and the markets supported by Synthetix. I have read and understood that becoming a delegate is a significant commitment: Yes. 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. great. The SC votes on overall improvement proposals and parameter changes. Protocol Governance. Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi,. 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. Kain Warwick Dec 17, 2019 • 8 min read Introduction Anyone following Synthetix this year is aware of our transition towards decentralised protocol control. . Staking App. 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. Welcome back to the 8th edition of Menya Digest! This week saw a barrage of newsflow. Gunboats and Mojo created a LEAP for Lyra to integrate Synthetix Perps V2; LEAP-52 has passed and is awaiting audit; 5. 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. Protocol Governance. Synthetix price today is $ 3. Synthetix operates under the governance of four key bodies: Spartan Council, Treasury Council, Ambassador Council, and Grants Council. Blog.