SNXweave-Gov

SNXweave Weekly Recap 158

November 13, 2024 The following post contains a recap of news, projects, and important updates from the Spartan Council and Core Contributors from last week. 👉TLDR * The Kwenta acquisition proposal has been approved and is underway: Kwenta will be acquired by Synthetix in a token for token transaction. * Changes for

Synthetix Acquires Ecosystem Leading Perps Platform Kwenta

The first major strategic move since the recent referendum, Synthetix acquires their ecosystem leading Perps trading platform Kwenta in a token for token transaction after approval of SIP-411 by the Spartan Council and KIP-138 by the Kwenta Council. In the post-referendum era for Synthetix, we are reimagining what it means

SNXweave-Gov

SNXweave Weekly Recap 157

November 6, 2024 The following post contains a recap of news, projects, and important updates from the Spartan Council and Core Contributors from last week. 👉TLDR * Last week Fenway presented SIP-411, to acquire Kwenta and relaunch Synthetix Exchange. * Fenway believes that bringing the exchange back under the Synthetix umbrella brings

SNXweave-Gov

SNXweave Weekly Recap 156

October 30, 2024 The following post contains a recap of news, projects, and important updates from the Spartan Council and Core Contributors from last week. 👉TLDR * Last week’s meeting has been rescheduled to this week and will be happening today * Multi-Collateral Perps for Arbitrum is now live with 81

Proposal to acquire Kwenta and relaunch Synthetix Exchange

Both the Spartan Council and the Kwenta Council have been presented with a proposal for Synthetix to acquire Kwenta in a token<>token transaction. The terms of the transaction are: * 1 $KWENTA <> 17 $SNX (~$13.2m valuation) * $SNX received from acquired token conversions are subject to

Synthetix Multi-Collateral Perps with 81 New Markets on Kwenta

With today’s launch of Synthetix Multi-Collateral Perps V3 on Kwenta, we’re kicking off a promotional incentive program for traders and liquidity providers.  Traders can now benefit from reduced taker fees for a two-week period, and liquidity providers will see increased APYs as the treasury allocates rewards from trading

SNXweave-Gov

SNXweave Weekly Recap 155

October 23, 2024 The following post contains a recap of news, projects, and important updates from the Spartan Council and Core Contributors from last week. 👉TLDR * The referendum is complete and the new Spartan Council has taken over voting * Weekly calls will resume this week starting today * Synthetix just introduced

SNXweave-Gov

Synthetix Quarterly Report — Q3 2024

Quarterly Report for Synthetix, Quarter 3 of 2024: July — September. 👉Q3 Highlights ⭐ Spartan Council/CCs: V3 Migration, SNAX Chain, & Referendum ⭐ Ambassador Council: Ecosystem Grants Over the past few months, the Synthetix Protocol has undergone significant developments and faced a range of challenges as it continues to expand and evolve.

Synthetix’s Bold Reboot: What SR-2 Means for the Future

It’s now Autumn in the northern hemisphere, but that’s not stopping us from bringing back the DeFi Summer vibes. The recently passed governance referendum: SR-2 A Synthetix Reboot, was approved with a staggering 104 million SNX tokens, achieving a near-unanimous consensus of 99.94% in what may be

SNXweave-Gov

SNXweave Weekly Recap 154

October 2, 2024 The following post contains a recap of news, projects, and important updates from the Spartan Council, Core Contributors, and Ambassador Council from last week. 👉TLDR * New data dashboards have been released — links here and here. * Orderbook perps project: Functionality has been added for canceling off-chain orders; CCs

SNXweave-Gov

Synthetix Referendum Town Hall Review

September 30, 2024 The following post contains a recap of last week's Town Hall regarding the recently proposed Synthetix Referendum: A Synthetix Reboot. Community questions and answers are also reviewed below. 👉TLDR * This past week, Fenway held a Town Hall (recording here) to discuss a referendum being proposed

SNXweave-Gov

SNXweave Weekly Recap 153

September 25, 2024 The following post contains a recap of news, projects, and important updates from the Spartan Council, Core Contributors, and Ambassador Council from last week. 👉TLDR * Election Results * Snax chain: Mainnet has been deployed, along with crosschain governance. Governance V3 was deployed on snax chain where the recent

Synthetix Chain by Chain

Synthetix has grown and evolved over the past six years—from humble beginnings as a pioneer of synthetic assets to becoming the premier choice for liquidity and derivatives infrastructure, powering over half a dozen platforms across leading blockchains. Our community, which is at the heart of everything we do, has

Synthetix V3 Migration

The migration from Synthetix V2x contracts to V3 continues to roll on today with the release for SCCP-2134 going live. Now all Synthetix stakers on Ethereum Mainnet can migrate to the V3 contracts. This release affects actions available to all stakers on Ethereum Mainnet so please read carefully.  Some notable

SNXweave-Gov

SNXweave Weekly Recap 152

September 4, 2024 The following post contains a recap of news, projects, and important updates from the Spartan Council, Core Contributors, and Ambassador Council from last week. 👉TLDR * 🚨Election info: Voting opens tomorrow, September 5th. Nominations will go through the end of the voting period, September 15th. * 🚨Spartan Council Election

Synthetix Governance Epoch & An Introduction to SNAXchain

A new Synthetix Governance epoch is about to kick off and with it, the launch of the Synthetix app chain - SNAXchain - on Optimisms Superchain infrastructure. Before we get into the opportunity presented with launching a new chain, let's review how the election will work.  New Election

SNXweave-Gov

SNXweave Weekly Recap 151

August 28, 2024 The following post contains a recap of news, projects, and important updates from the Spartan Council, Core Contributors, and Ambassador Council from last week. 👉TLDR * 🚨Election info: Nominations open this Friday, August 30th * 🚨Spartan Council Election Panel: Wednesday, September 11th @9PM UTC. Fill out this google form

SNXweave-Gov

SNXweave Weekly Recap 150

August 21, 2024 The following post contains a brat recap of news, projects, and important updates from the Spartan Council, Core Contributors, and Ambassador Council from last week. 👉TLDR * L1 Perps: Released to testnet last week. Integrator outreach was started to determine who will support Perps frontend and Vault functionality.

SNXweave-Gov

SNXweave Weekly Recap 149

August 14, 2024 The following post contains a recap of news, projects, and important updates from the Spartan Council, Core Contributors, and Ambassador Council from last week. 👉TLDR * Synthetix Perps launch on Arbitrum: USDx liquidity incentives flowing to Ramses and Curve pools while perps is still being deployed. The team

SNXweave-Gov

SNXweave Weekly Recap 148

August 7, 2024 The following post contains a recap of news, projects, and important updates from the Spartan Council, Core Contributors, and Ambassador Council from last week. 👉TLDR * Multicollateral margin: Expected to go live this week — first deployment will be to Arbitrum with zero caps. Caps will be raised when

SNXweave-Gov

SNXweave Weekly Recap 147

July 31, 2024 The following post contains a recap of news, projects, and important updates from the Spartan Council, Core Contributors, and Ambassador Council from last week. 👉TLDR * Arbitrum Scaleup: USDe deposits in Synthetix V3 on Arbitrum are now live in the Ethena app. TC may update rewards numbers starting

v3

Synthetix V3 Migration: Treasury Council Initiates Transition

The Treasury Council has begun migrating to V3, as detailed in SIP 304, marking the first phase of the Synthetix V3 transition. Staker migration to V3 is expected to open in 2-3 weeks. This update introduces significant changes to the ecosystem, particularly in how liquidations are handled.

SNXweave-Gov

SNXweave Weekly Recap 146

July 24, 2024 The following post contains a recap of news, projects, and important updates from the Spartan Council, Core Contributors, and Ambassador Council from last week. 👉TLDR * L1 Migration to V3: Legacy markets were launched on L1 last week! The Treasury Council was the first account to migrate and

Boosting institutional fund activity on Synthetix

STP-5 initiated a BD working group with the goal of increasing activity by institutional funds in the Synthetix ecosystem. This summarizes the results of Phase 1 of the project. Research The project started off with a research phase, with the intention of discovering the blockers that may prevent professional funds

Pyth Governance Distribution Phase 2 Now Live for Eligible Synthetix Users

We are thrilled to announce that Phase 2 of the Pyth Governance Distribution is now complete and ready for eligible participants to claim their tokens.