SNXweave Weekly Recap

Spartan Council and SIP updates

Present at the February 15, 2022 Spartan Council Weekly Project Sync:
Spartan Council: Afif, BigPenny, bojan, jj, Kain, KALEB, redmarglar
Core Contributors: Cavalier

  • SIP-202: Target Staking Ratio — This SIP introduced a target staking ratio that is incentivized through inflation. It will track this staking ratio within the network and modify the inflation rate weekly to ensure it is being met.
  • SCCP-164: Extend burn lock to seven days — Since there is currently a time lock that prevents burning above the target ratio for 24 hours following a mint, this SCCP adjusted that lock from 24 hours to 7 days.
  • Threshold — sensitivity to volatility
  • “Memory” component — how long it should retain the fee and how long for it to decay

Grants Council

Present at the February 17, 2022 Grants Council meeting:
Grants Team: beachmom, CT, cyberduck, Mike

Ambassador Council

Present at the February 15, 2022 Ambassador Council meeting:
Ambassadors: GUNBOATs, Matt, MiLLiE

SNXweave Podcast: https://anchor.fm/snxweave

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SIP/SCCP status tracker:

SCCP-166: Lower L2 Exchange Fees to 25 bp, Status: implemented

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