Synthetix Weekly - June 16th 2021
Introducing Lyra
Lyra is an options protocol using the power of the Synthetix Protocol’s zero-slippage trades to offer automated hedging. Check out their announcement article for full details here.
Kwenta Independence
It was recently announced that Kwenta will become an independent decentralized project with its own token. Read more about why the transition is taking place, what it means for community members, and how you can get involved.
Synthetix DAOs Nominations Open
As a result of SIP-137, the nominations for the new epoch for the Synthetix DAOs are now open. The DAOs include the Spartan Council, grantsDAO, and ambassadorDAO.
See the #announcements channel in Discord for details on the nomination and voting process.
ETH Shorting Rewards Discontinued
SCCP-123 has been implemented and rewards on shorting ETH will be ending. The 8k SNX will therefore go to SNX stakers during the weekly claim.
Balancer Incentives Discontinued
The Balancer pool equity Synth incentives have been discontinued. Thanks to all those who supported the pools with liquidity for after hours trading!