Synthetix Reboot Voting Reaches Quorum
Synthetix Reboot Voting Reaches Quorum
🗳️ Synthetix vote: What's next?
The Synthetix Reboot referendum has achieved quorum, marking a significant milestone in the governance process. This vote follows a series of important events:
- A referendum proposing changes to the DAO structure was introduced on September 25th
- New council members were elected on September 17th
- Voting for council members took place from September 11th to 16th
- The election process introduced SNAXchain, Synthetix's new app chain
Current status:
- Quorum reached on October 4th
- Voting remains open for community participation
Next steps:
- Review current results
- Cast your vote if you haven't already
Visit the governance portal to participate in shaping Synthetix's future.
A referendum has been proposed for Synthetix governance by Fenway, highlighting a number of changes to the current DAO structure, operations, and recommendations for SNX moving forward. 📲Join our Discord to discuss and register for the upcoming townhall: discord.gg/synthetix?even…
The Synthetix DAO election results are in 🗳 As SNX prepares for a new chapter of progress and major launches, it’s time to welcome your new councilors who will lead the initiatives that shape the future of our ecosystem.
Voting for the referendum has begun 🗳 Cast your vote here ⬇️ gov.synthetix.io/#/proposal/0x1…
It’s time to cast your vote for the Synthetix governance council members ⚔️ Voting will conclude on September 16th Links and details below 👇
It's time for a new election epoch for Synthetix Governance. But this one comes with a twist - nominations are now live on SNAXchain, the phase 1 version of Synthetix's new app chain built on the @Optimism superchain.
Quorum has been achieved ✅ See the current results and cast your vote for the Synthetix Reboot ⬇️ gov.synthetix.io/?ref=blog.synt…
Ethereum Mainnet Launch Approaching
The long-anticipated Ethereum Mainnet deployment is drawing closer, with significant implications for DeFi users and developers. - Project teams are finalizing preparations for migration from sidechains - Users should begin planning their transition strategies - Mainnet integration will enable enhanced security and scalability *Key Considerations:* - Review current sidechain positions - Monitor official announcements for specific migration dates - Prepare for potential network adjustments during transition Stay informed about upcoming developments to ensure a smooth transition to Mainnet.
Synthetix Mainnet Bug Fix Update
Synthetix has deployed a critical mainnet update addressing previously reported issues from the June 4th launch. The fix resolves stability concerns that emerged during the initial rollout. Key updates: - System stability improvements - Enhanced protocol security measures - Performance optimizations The development team confirmed all systems are now operating as intended. Users can resume normal protocol interactions.
Synthetix Launches New Mainnet Exchange with SNX Rewards Program
Synthetix unveils a new onchain exchange combining Ethereum L1 security with CEX-like performance. Key features: - Ethereum mainnet custody & settlement - High-performance offchain matching - Institutional-grade APIs - No bridge/sequencer risk A points program launches with SNX rewards for deposits, trading, and referrals. 500 exclusive invite codes will be distributed to early depositors and 420 pool stakers. Join the community: - Discord: [Chat](https://discord.gg/synthetix) - Telegram: [Updates](https://t.me/+v80TVt0BJN80Y2Yx)
Synthetix Liquidations Resume - 420 Pool Migration Update
Synthetix is re-enabling liquidations for existing stakers following the 420 Pool migration launch. Key updates: - Stakers with c-ratio below 160% are now at risk of liquidation - The 420 Pool offers complete debt forgiveness for migrators - Over 100m SNX already deposited in first day - New features include: * No liquidation risk * Protocol-managed sUSD liquidity * SNX-backed yield generation * Partnership with Ethena Labs for USDe minting Non-stakers will soon be able to participate with new incentives. A cross-chain Swap & Stake feature is coming to support deposits from multiple EVM chains. [Migrate to 420 Pool](https://420.synthetix.io/) [Read Documentation](https://docs.synthetix.io/welcome-to-synthetix-user-docs/snx-staking/deposit-snx-to-the-420-pool)
Synthetix Launches Redesigned Website with Enhanced Features
Synthetix has unveiled a comprehensive website redesign that consolidates its product ecosystem into a single hub at synthetix.io. Key updates include: - Access to 90+ Perps markets - Expanded liquidity opportunities - New leveraged tokens for 10+ assets The enhanced stats page now displays: - Real-time APRs and fees data - Liquidity rewards metrics - Perps volume analytics - SNX token performance The governance structure aligns with Vision 2025, featuring the Spartan Council with 6-month election terms and a 4/7 approval threshold. Visit synthetix.io to explore the new interface.