SNXweave Weekly Recap

Spartan Council and SIP updates

Present at the August 11, 2022 Spartan Council Weekly Project Sync:
Spartan Council: Afif, Burt, Danijel, Kain, ksett, TerraBellus
Core Contributors: Cavalier, KALEB, noah, Steve

  • Some of the responsibility out of the deployer has been descoped
  • The SIP will now just generate the router contract that allows for the contract size workaround that Ale described last week
  • There will be a peripheral tool to get the contract on chain
  • The SIP can just focus on the generation of the contract rather than the deployment
  • Terra presented this SIP, which proposes the deprecation of the dilution function used within the Spartan Council governance system outlined within SIP-104 and referenced within SIPs 152, 191 and 201
  • Objective here is to deprecate the dilution mechanism to pass SCCP-300 defining unanimity
  • SCCP-300 has been put to a vote 3 times and hasn’t passed due to the unanimous requirement for meta-governance proposals
  • There were some suggestions arguing that specific definitions of non-participation be laid out before moving forward with the other related SIP (SIP-263)
  • Danijel: “Sure, we can hand off the dismissing of SC members to the pDAO, but the reasons would be more anecdotal at this point. I think we need to fully define what non-participation looks like.”
  • This SIP, presented by bangrygoose, is a proposal to offer OP-PERP futures on Optimism
  • $OP already has the highest volume on Optimism currently
  • Chainlink also already has a feed ready, so Kaleb will be reviewing this feed to see what the fees would look like on this offering
  • Lastly, Kaleb presented this SIP which builds on top of SIP-267’s direct integration functionality in order to offer an end-to-end cross-asset swap function at reduced fees, built on top of Synthetix’s atomic exchanges and Curve’s stableswap pools.
  • This is the first integration proposed within the Direct Integration framework that Kaleb presented last week
  • This SIP would allow users to trade between non-synths at reduced fees, where the trade is executed by hopping over Curve’s stableswap pools using Synthetix’s atomic swap function
  • Danijel asked how far along in the implementation this currently is, and Kaleb said they should be able to provide timelines after it is voted on

Grants Council

Present at the August 11, 2022 Grants Council meeting:
Grants Team: ALEXANDER, CT, cyberduck, JVK, Mike

Ambassador Council

Present at the August 10, 2022 Ambassador Council meeting:
Ambassadors: mastermojo, Matt, MiLLiE

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SIP/SCCP status tracker:

SIP-301: Accounts (V3), Status: vote pending

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