Synthetix Weekly - June 30th 2021
C-Ratio Now 450%
SCCP 127 was implemented lowering the c-ratio to 450%
An Old Dictator Appears
A blog post from founder Kain on his status with the project and some thoughts on how to improve the coordination with the Core Contributors.
Also from Kain: DAO First Capital Formation
Synthetix.exchange Deprecated
Synthetix.exchange has been deprecated. It now has a permanent redirection to Kwenta.io.
Synthetix DAO Election Results
The DAO elections have concluded. See the thread below for this epoch’s DAO members. 👇
Synthetix Discussions 🔊
SD016 - SCCP 124 (Rebalance and rename sCEX to sCEFI)
SD017 - Extending Wrappr Functionality
L2 Staking Rewards Issue
Unfortunately SNX rewards for L2 staking were not topped up for this week. In light of the missed rewards this period, the sDAO will be sending 50k SNX for the following period to make up for this week. Note that the claims that do exist this week are the rollovers from those who didn't claim.
The Alnitak Release
SIPs 138, 139, 140, & 151 were implemented. Full post.
Synthetix grantsDAO: Flash Loan Tool
The grantsDAO is looking to fund a flashloan tool for SNX stakers. Details here.
Thales Update
Binary options project and Synthetix spin-off Thales released an exciting update. Sign up to help with user testing.
Lyra Testnet Live
Another options protocol integrated with Synthetix launched their testnet on Kovan Optimism.