SNXweave Weekly Recap

Spartan Council and SIP updates

Present at the April 5, 2022 Spartan Council Weekly Project Sync:
Spartan Council: Afif, calavera, Danijel, JVK, Kain, ksett, Mark
Core Contributors: Cavalier, jj, KALEB, Rafa

  • SNX liquidations will continue to be socialized. Exposure to markets that liquidated users are in will be dialed down. Afif also said that for non-SNX collateral, they’re leaning towards suggesting those be normal liquidations vs. socialized.
  • Collaterals will have to be whitelisted and set by governance. The big difference is that pool creation will be permissionless. Users will be able to delegate their stake to the Council pool in “standard mode” and more advanced users will be able to delegate to whatever pool they want.
  • Yes — what’s interesting about the fund model is that you can have a fund that is either all crypto or all non-crypto Futures markets to simplify the UX even more.

Grants Council

Present at the April 7, 2022 Grants Council meeting:
Grants Team: ALEXANDER, BigPenny, CT, cyberduck, Mike

  • The team hopes to get the 300 involved in these Synthetix tutorial videos
  • Specifically on Futures content, there will need to be coordination with Kwenta
  • The Council also discussed possible learn & earn incentives for this project
  • Mike will be writing an outline for this initiative

Ambassador Council

Present at the April 6, 2022 Ambassador Council meeting:
Ambassadors: mastermojo, Matt, MiLLiE

  • Total voting power delegations
  • Number of social events coordinated
  • Sum of protocol integrations, Grants referrals, or any referrals attributed to the Ambassadors
  • Approved SIPs written by the Ambassador Council
  • Onboarding Core Contributor (CC) positions
  • Use of the Synthetix Councils’ and CC’s Coordinape circle as an indicator for non-public contributions and productive Discord engagement

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SIP/SCCP status tracker:

SIP-198: Update to Atomic Exchange Function, Status: approved



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Covering all things Synthetix.