SNXweave Weekly Recap

  • SIP-142 to Deprecate EtherCollateral Loans. This SIP officially deprecates old loan contracts that have already been wound down.
  • SIP-145 for Debt Cache Event Consistency, which fixes an incorrect debt cache event value.
  • SIP-170 for Inflation Diversion of L2 Incentives, which directs part of SNX inflation to L2 staking rewards.
  • SIP-174 for Redeeming Deprecated Synths. This last SIP creates a synth redeemer contract that allows holders of deprecated synths to redeem them for sUSD at a frozen price from the time of deprecation.
  • First, SIP-181, presented by Afif, proposes Simulated Liquidity for Synthetix Exchanges. This SIP proposes the implementation of a synthetic pricing curve with parametric liquidity constants to increase the cost of very large trades through Synthetix while still giving users the best price execution.
  • Next, SIP-182 for a Wrappr Factory was presented by Mark and Daniel. This SIP will allow new Wrappr contracts to be deployed that can support virtually any ERC20 token. This new contract will behave just like its predecessor, the ETH Wrappr from SIP-112. This SIP also proposes a new abstract factory contract that can deploy new wrappers as needed, rather than creating another distinct SIP and contract for each new token to be added in the future.
  • Lastly, SIPs 177 and 178 were presented this week by Andrew. These are the last two SIPs required for the Kwenta integration. Last week, SIP-179 for Kwenta’s Independence was approved with seven votes in favor and none against. Now, SIPs 177 and 178 will Formalize the Kwenta TreasuryDAO and the Kwenta Interim Council, respectively.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store