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…
Parifi Launches on Synthetix V3 with Cross-Chain Trading Features
Parifi, a new DeFi protocol built on Synthetix V3, has launched with features rivaling centralized exchanges. The platform offers: - Unlimited isolated positions - Cross-margin trading capabilities - Native USD/EUR on/off-ramping - Chain abstraction for cross-blockchain asset unification - Low latency trading experience Mobile apps for iOS and Android are in development. The platform aims to reduce friction in DeFi trading through account, chain, and gas abstraction features. Trading is now live at [app.parifi.org](http://app.parifi.org). Trading incentives will be announced soon.
Parifi Launches on Synthetix V3 with CEX-Like DeFi Trading Experience
Parifi has launched on Synthetix V3, introducing a CEX-like DeFi derivatives trading platform with significant user experience improvements: - Account abstraction removes wallet requirements - Cross-chain functionality unifies assets with minimal latency - Supports unlimited isolated positions and cross-margin trading - Native USD/EUR on/off-ramping - Powered by Pyth price feeds for accurate asset pricing - Features auto-compounding vaults and dynamic fee adjustment The platform aims to simplify perpetuals trading while maintaining decentralization. Trading incentives are expected to launch soon. Visit [app.parifi.org](http://app.parifi.org) to start trading.
Increased Incentives for sUSD/sUSDe Curve Pool
The sUSD/sUSDe Curve pool has increased its incentives, now offering a vAPR of 39.71% with a 2.19x boost through Convex Finance - no veCRV required. Key steps to participate: - Acquire sUSD or sUSDe on Ethereum L1 - Deposit into Curve pool to receive LP tokens - Stake LP tokens on Convex for boosted rewards **Current Benefits:** - Earn CRV + CVX rewards - 2.19x boost - No veCRV requirement *Note: Always research DeFi risks before providing liquidity.* [Full LP Guide](https://blog.synthetix.io/how-to-lp-and-earn-with-susd-susde/)
Synthetix Quarterly Report Released by SNX Weave
A new comprehensive quarterly report for Synthetix has been released by @snx_weave, providing an in-depth analysis of the protocol's performance and developments. The report serves as an essential resource for: - Community members seeking updates - New users needing protocol overview - Stakeholders requiring performance metrics This follows the previous quarter's report by @0xSpartans, maintaining consistent protocol transparency and community engagement. *For detailed insights into Synthetix's synthetic assets and derivatives performance, review the full report.*
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)