$1. $3. Synthetix Governance Elections is ongoing, with nominations and voting to close by August 30th. Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi,. Protocol name: Atlantis World. They are elected by those providing SNX tokens to the protocol. I keep hearing that Synthetix governance model is working well - separating decision making and funding decisions by functional area. Synthetix and DYDX's funding rates are 0. Sep 19, 2023 • 1 min read. Grants Council. 129: sSNX ERC-20 Synths: Andre Cronje. Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi,. This fee is set by governance, and will be displayed by the SNX integrator before the trade. All markets must be approved by Synthetix Governance through a SIP and/or a subsequent SCCP to configure variables. This includes price feeds for all cryptocurrency and index Synths. sUSD borrowing via SNX would also be enabled as part of Project Draco. All supported markets benefit from deep liquidity and low fees, thanks to the use of fully decentralized off-chain oracles and Synthetix liquidity. Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi,. However, in support of decentralization, the administration of the protocol was shifted and split between four governing councils, Spartan, Grants, Ambassador, and Treasury. 87M, market cap of $ 395. These markets enable the creation and trading of spot synths created entirely on Synthetix V3. For example, transferring Ether simply requires 21000 gas. Treasury Council (4 members) - The Treasury Council (TC) manages the synthetix treasury and provides funding to the other governance bodies, cc stipend payments, and other discretionary incentives. Please list any anticipated conflicts of interest: NoneSynthetix operates under the governance of four key bodies: Spartan Council, Treasury Council, Ambassador Council, and Grants Council. Market Development Guide. The process for adding new Synths to Synthetix is based on demand, liquidity, and volatility. Synthetix Governance. You can participate in the governance process by staking SNX tokens in accordance with the rules and parameters summarized here, and/or joining the Synthetix Discord and contributing to the conversation. use this example (coming) this step goes away once permissionless Markets are enabled by Spartan Council governance. Perps. My reasons for wanting to be. Sandbox with Perps. Powering the next. For Liquidity Pool Managers. Stats. Gating off incentives for just Synthetix, or using this governance power for only SNX Ecosystem projects or the like would’ve been an incredibly poor idea. These include the Spartan Council, Protocol DAO, Synthetix DAO, Ambassadors DAO, and Grants DAO. Blog. Synthetix is very unique and the closest thing that we currently have to it are asset-backed tokens. This program will temporarily delegate a portion of idle OP from the Governance Fund to a group of value-aligned protocols. Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi,. This proposal aims to simplify the meta-governance processes of the Synthetix Governance System and addresses current meta-governance edge-cases and frictions. Synthetix governance decides this collateralization requirement, but it generally stays between 300% and 500%. Another. The Synthetix protocol is far more complex than many other things you might do on Ethereum. The process for adding new Synths to Synthetix is based on demand, liquidity, and volatility. Protocol Governance. Synthetix Improvement Proposals (SIPs) describe standards for the Synthetix platform. Stats. 🏛 Governance. The next Synthetix community governance call is scheduled for Aug 29th at 8PM UTC (08/29 afternoon/evening for western hemisphere; 08/30 morning for eastern hemisphere). Uniswap Governance Swap UNI for ETH and wBTC and provide liquidity. The protocol and ecosystem is more broadly. Developer FAQ. Perps V3 Keeper. Spot markets powered by Synthetix V3 allow anyone to exchange the V3 protocol’s stablecoin with a synthetic asset (or “synth”). The Synthetix protocol is governed by a decentralized set of representative councils that are voted on by stakers. View the history of past council elections and vote in any currently open elections. However, properties such as trustlessness and immutability aren’t only useful in monetary applications. The Synthetix protocol is governed by a decentralized set of representative councils that are voted on by stakers. Integrators are rewarded for driving volume through Synthetix Perps. Lastly, JVK has been working on a document to guide the dev who is working on the mint for the NFT project. Please list any anticipated conflicts of interest: NoneSynthetix Governance Elections - August 2023 Nominations for the Synthetix Councils' next epoch will open on Thursday, August 17th. 3% went to bounties and marketing incentives. Analogous to derivatives in legacy finance, synthetic assets are financial instruments in the form of ERC-20 smart contracts known as “Synths,” which track and provide the returns of another asset without requiring you to hold that asset. Protocol name: QiDao Protocol Name of protocol representative(s) that will serve as delegate(s): Benjamin. Governance. With mature on-chain representative governance in place, we're empowering an entire ecosystem that operates with resilience and censorship resistance. lens Is your protocol OP Native?: No, QiDao is a multi-chain protocol Was your protocol active in Optimism governance prior to 12/5/22?: Yes If so, please link to. The trading of stocks, currencies, commodities, and other assets are still dominated by the likes of Wall Street, London. You can trade Synths — which. Developer FAQ. The Liquidity Layer of DeFi. Powering the next. The Synthetix protocol is governed by a decentralized set of representative councils that are voted on by stakers. While this proposal passed unanimously, concerns were raised subsequently that the Snapshot vote weights deviated too far from the status quo. Aave, Compound, Uniswap, etc. Docs. Perps. to a Spartan Council member on discord by searching members with the "Spartan Council" role or finding them within the #governance channel. Synthetix Governance. Staking App. eth Is your protocol OP Native?: No, We are mainly on Ethereum L1 and planning to integrate with Multi chain Was your protocol active in Optimism governance. Elections. Uniswap and Polygon released major updates while Korean CeDefi platforms are. I keep hearing that Synthetix governance model is working well - separating decision making and funding decisions by functional area. Voting power is exclusively determined based on participation in the Synthetix V2 protocol. It allows to creation of real world assets, like stocks and shares to be bought and traded using crypto. Collateral: SCURVE . Treasury Council. Spartan Council members vote on Synthetix Improvement Proposals (SIP) and Synthetix Configuration Change Proposal (SCCP). [1] Connect wallet. Synthetix is a decentralized liquidity provisioning protocol built on Ethereum and Optimistic Ethereum (a layer two scaling solution built on Ethereum). Governance. 15 protocols qualify to participate based on total gas fees generated on Optimism in Season 2. As Synthetix is developing into a transparent and inter-operable on chain liquidity layer, its governance must also ossify to be aligned with the resiliency of the protocol. VIEW ALL COUNCIL MEMBERS. Councils are directly elected by SNX stakers, while other governance bodies are appointed according to the existing governance procedures. All of the councils are elected by Synthetix Stakers. The SNX price decreased-3. JoinThe Synthetix Ambassadors program provides a simple way for SNX holders to delegate their governance voting rights in other protocols (e. Synthetix operates under the governance of four key bodies: Spartan Council, Treasury Council, Ambassador Council, and Grants Council. Synthetix provides liquidity for permissionless derivatives like perpetual futures, options, parimutuel markets, and more across EVM chains. I don’t have any direct experience but it looks intriguing. We’ve made progress, but there is still much to do. Staking App. Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi,. Abstract. Do you agree to abide by the delegate code of conduct: (Yes / No) Yes. The liquidated collateral is seized from all of the liquidity positions in the vault pro-rata. 15 protocols qualify to participate based on total gas fees generated on Optimism in Season 2. Label all the bodies in which the internal stakeholders nominate as a Committee. Stats. I’ve included a very basic AIP Draft with some generic outlines and instructions for the ApeCoin Foundation Administrators to create a. 58M, and market dominance of 0. Staking App. ) to a committee of ambassadors focused on furthering. Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi,. Powering the next. By integrating with decentralized oracle networks, it allows users to receive a loan of stablecoins against. 71% in the last 24 hours. The reason for this is to gauge demand for LPs offering up different collateral. Wide Variety of Assets Synthetix Perps supports a wide array of synthetic assets, which is determined and updated by the decentralized governance process. Stats. Passed: Yes. Perps. SNX Balance 0. Elections and Voting. Synthetix provides liquidity for permissionless derivatives like perpetual futures, options, parimutuel markets, and more across EVM chains. Synthetix Governance DAO. These are just a few of the investors who have invested in our past accelerator projects. By integrating with decentralized oracle networks, it allows users to receive a loan of stablecoins against collateral on-chain. 00%. The key decentralized councils and DAOs are the - Spartan Council, Treasury Council, Ambassador Council, and Grants Council. Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi,. Docs. This post will highlight the changes so far and the areas of focus for 2020. revmiller December 30, 2022, 10:20pm 4. It creates a bridge between traditional investment instruments, such as equities, and the realm of decentralized platforms and digital assets. This means that SNX will necessarily be worth 3-5 times the value of all necessary sAssets. However, the two versions of the Synthetix network running on L1 and L2 remain. Staking App. The Synthetix community is considering putting an end to its inflationary economics in ten weeks’ time. 0. The Liquidity Layer of DeFi. The Optimism migration is the most important aspect of V2x, thankfully two critical components have already been launched, with both staking and exchanges having gone live this year. 4K subscribers in the synthetix_io community. Protocol Governance. Sep 1, 2020 • 2 min read. Synthetix Governance Find links to each core component of. Collateral VaultsDecentralised Autonomous Organisations An exciting phenomenon in the crypto world that is currently accelerating is the transition from a central hierarchical structured entity (Web2. Revenue Share. 5 million USDC on decentralized exchange, Kyber, exerting downward pressure on the price of SNX. The SC votes on overall improvement proposals and parameter changes. The process for adding new perps markets to Synthetix is based on demand, liquidity, and volatility. 1m: Market Cap. It is expected that the ambassadorsDAO will follow suit in the near future. They then used the Ether as collateral to borrow 1. Perps V3 Keeper. Synthetix Carina will also be running on Ethereum, a latency-optimized version of perps using ETH (and LSDs) as collateral. Abstract. Name. For one, Synthetix incorporates six different DAOs designed to play specified governance roles within the Synthethix ecosystem. On Aug. As early adopters of delegate governance structure and early participants in Synthetix governance structure, we find us to be a good fit for this initiative. You can participate in the governance process by staking SNX tokens in accordance with the rules and parameters summarized here, and/or joining the Synthetix Discord and contributing to the conversation. Lastly, Synthetix and Synthetix Ambassadors do not have a history of selling any Optimism tokens, nor using them for unintended uses, or anything along those lines. Staking App. Last week the first Treasury Council was elected alongside the other DAO’s within the Synthetix governance system. Governing Bodies The Synthetix Protocol is governed by four bodies, each responsible for a core aspect of a DAO. Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi,. request collateral from an existing Pool OR. I don’t have any direct experience but it looks intriguing. Powering the next. [1] Synthetic. The rules and parameters associated with the Synthetix protocol and Synthetix DAO governance are subject to change at any time. Earlier this month, SNX witnessed its largest drop and lowest TVL to date at $420 million as the DeFi crash led to several SNX stakers being liquidated. Voting with a Gnosis SafeA JavaScript-based, open source Discord bot to facilitate better #governance-poll experience. The founder of decentralized finance (DeFi) protocol Synthetix, Kain Warwick, has submitted a proposal that would turn off very high yield returns for SNX stakers and cap the total SNX token supply at 300 million. The current Synthetix Governing Bodies are: Spartan Council; grantsDAO;. Synthetix is run as a DAO (see page 34), and Kain remains the largest holder of Synthetix governance tokens, which currently fetch about $10. V3GM: “The new Synthetix governance module, aka, thanks for nothing Aragon“ Regarding Synthetix V2x, he said: “Right now the goal of my life is to shut down development on V2x so we can focus on V3, I have been unsuccessfully spearheading this initiative since mid-2021. xyz Discord username: cf#7928 Verification: Tally I have read and understood the Delegate Commitment Process: Yes. According to the update, the latest development involves the rollout of the new Synthetix V3 governance module. The platform was founded in 2017 by Kain Warwick and has experienced notable growth, establishing itself as one of the prominent platforms within the decentralized finance (DeFi) ecosystem. These councils’ Decisions and proposals are subject to majority votes from SNX stakers, ensuring a democratic and community-driven approach to protocol development. Synthetix is a decentralized liquidity provisioning protocol built on Ethereum and Optimistic Ethereum (a layer two scaling solution built on Ethereum). Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi,. Base Andromeda. Synthetix is an Ethereum-based protocol that allows users to create and issue synthetic assets, or Synths, which can be traded on supported decentralized exchanges. egk10 January 20, 2021, 2:32pm 8. Synthetix stakers do not have to participate in governance farming, although ecosystem rooms may be deployed to boost voting power. We know the DAO decided to implement the Pyth Oracle. Firstly, there is the Aelin Direct Deals, a terrific choice for sponsors or protocols looking to raise. eth Discord username: Callen | Wintermute#6664 Verification and Voting Activity: Boardroom I have read and understood the Delegate Commitment Process: Yes. Blog. Perps. The V3 Watcher Stats page is also officially complete, so check that out for all of your stats needs!Synthetix price today is $ 3. What is the Grants Council? The Grants Council is responsible for public goods funding through grants, initiative bounties, or competition prizes. My view on the Optimistic Vision 150: I think funding public goods is a worthy goal but one that, in practice, needs to improve in efficiency and quality. Synthetix is one of the oldest DeFi projects out there that has a decentralized governance structure through the SynthetixDAO. What makes Synthetix unique is the robust nature of its governance system. Synthetix governance had been decentralised with the control being handed over to a decentralised Spartan Council, with the founder Kain Warwick taking a back seat. Kain said that the control of Infinex would be relegated to a mode of decentralized governance. To counterbalance Synthetix’s blatant increase in power, the Collective decided to introduce a ‘Protocol Delegation Program’ in Season 3, which enabled protocols to have a say in Optimism’s Token House governance. 1%. 125: Create synths for top traded US stock index etfs: FinanceGuy82415. 77%. Blog. Perps V3. My view on the Optimistic Vision 150: I think funding public goods is a worthy goal but one that, in practice, needs to improve in efficiency and quality. The Liquidity Layer of DeFi. Aave, Compound, Uniswap, etc. 5 million Synthetix governance tokens (SNX) using popular DeFi money market protocol Aave, and pooled liquidity token exchange, Bancor. The Synthetix governance framework also saw continued evolution last month. The Synthetix protocol is governed by a decentralized set of representative councils that are voted on by stakers. Docs. The Liquidity Layer of DeFi. Staking App. Earlier this year, the decentralized exchange ( DEX ) Uniswap removed a number of tokens from its front-end site that could constitute securities, including tokenized stocks from Synthetix, citing the. These councils’ Decisions and proposals are subject to majority votes from SNX stakers, ensuring a democratic and community-driven approach to protocol development. Kain has been in and around crypto since 2014 when founded the payment gateway Blueshyft, helping to. These markets were approved by governance in SIP 2032 and had initial configurable values set by. ⭐ Grants Council: Dune Analytics Grants & Wrapper UI (ongoing). V3. The platform was founded in 2017 by Kain Warwick and has experienced notable growth, establishing itself as one of the prominent platforms within the decentralized finance (DeFi) ecosystem. Aug 14, 2023 4 min read. Governing Bodies The Synthetix Protocol is governed by four bodies, each responsible for a core aspect of a DAO. Learn more. Yield Farming tokens to keep an eye on at the end of June Uniswap UNI/USD, Aave AAVE/USD, and Synthetix Network SNX/USD are some of the best yield farming. For example, the Ambassador Council is responsible for promoting Synthetix’s interest in the Ethereum ecosystem. The new Synthetix Ambassadors governance portal is now live, brought to you by the Synthetix grantsDAO! The Synthetix Ambassadors program provides a simple way for SNX holders to delegate their governance voting rights in other protocols (e. Powering the next. Recently the Synthetix community approved governance change, transitioning SCCP votes from Discord to Snapshot (an off-chain signalling mechanism used by a number of DeFi protocols). Each governance component is assigned a specific aspect of protocol governance. Synthetix, the third-largest DeFi platform by assets locked, is now under the control of community-owned organizations, or DAOs. Technical Architecture. Base Andromeda. Figure 1: Showing Synthetix funding rate via KwentaFor Governance Participants. Coin Prices. I have read and understood that becoming a delegate is a significant commitment: Yes. All markets must be approved by Synthetix Governance through a SIP and/or a subsequent SCCP to configure variables. Propose to Synthetix governance for your Market to be enabled. While this proposal passed unanimously, concerns were raised subsequently that the Snapshot vote weights deviated too far from the status quo. 42 since April 01, 2022, and the current price stands at $2. Wide Variety of Assets Synthetix Perps supports a wide array of synthetic assets, which is determined and updated by the decentralized governance process. Synthetix is excited to announce the addition of ZRX & UMA perpetual futures markets, now available for leverage trading via Synthetix Perps. Governance. Synthetix governance was faced with a very challenging decision. Staking App. For more updated information, monitor Synthetix governance votes and the SIP/SCCP repo. V3 Spot Market - The first expected market on V3 is spot markets. Governance. A return to the old school gold standard. LiFi and Uniswap have collaborated to launch a multi-bridge governance solution, allowing users to vote on governance proposals through a cross-chain messaging system. c-ratio. Kwenta. Abstract. Spartan Council. Created: December 24th, 2022. System Staking 69. Synthetix enables the creation and trading of. Synthetix Governance: A representative council system that governs Synthetix. Stats. - GitHub - psybull/snx-governance-discord-bot: A JavaScript-based, open source Discord bot to facilitat. Each governance component is assigned a specific aspect of protocol governance. blog. Powering the next. Do you agree to abide by the delegate code of conduct: (Yes / No) Yes. As per SIP-155 the Treasury Council has been established to undertake many of the responsibilities of the now dissolved synthetixDAO. The election for Spartan Council members begins less than 24 hours from now! Over the last two weeks, nineteen members of the Synthetix community have nominated themselves to be on the Spartan Council, a new component of Synthetix governance, and seven will be voted on successfully for the first Council Epoch, the. This is the benefit of the Synthetix system - you can gather liquidity yourself and work through governance to gather liquidity for. For one, Synthetix incorporates six different DAOs designed to play specified governance roles within the Synthethix ecosystem. Synthetix provides liquidity for permissionless derivatives like perpetual futures, options, parimutuel markets, and more across EVM chains. 208b: SNX Price. The proposal sets an initial fee share at 50% for LPs and 50% for SNX stakers (via a buyback and burn mechanism on Base). Please list any anticipated conflicts of interest: NoneSynthetix governance is voting to launch V3. V3Yuga Labs of Bored Apes fame drifts away from OpenSea over royalty policyNext - For Derivatives Market Builders. Governance Framework The Synthetix Protocol has several governing bodies and artifacts which co-exist to enable the decentralized nature of the protocol. SYNTHETIX GOVERNANCE. 5% went to partners. Governance. Governance. Lastly, Synthetix and Synthetix Ambassadors do not have a history of selling any Optimism tokens, nor using them for unintended uses, or anything along those lines. 002908%, respectively (note: funding rates fluctuate, this isn't current). Quick Start. Staking. Synthetix DAO. Blog. Last modified. Governance. Synthetix Governance. great. 19 to $1. The Spartan council is at the center of the Synthetix governance. Staking App. Synthetix is a derivatives liquidity. Quick Start. This SIP introduces one of the first components of the V3 Governance Module - called the Election Module. Stats. SNX is the native token of the Synthetix Network and has two main functions: staking and governance. target. Protocol name: ENS Name of protocol representative(s) that will serve as delegate(s): Makoto Inoue Link to delegate commitment 16: Delegate Commitments - #175 by matoken. It is fair to say this was a far more successful change than anyone anticipated. Gunboats and Mojo created a LEAP for Lyra to integrate Synthetix Perps V2; LEAP-52 has passed and is awaiting audit; 5. It is important to note that there is a blog post detailing. As a VP of growth I would think it would be in your job description to actually use other products and garner the feedback yourself. Sep 19, 2023 • 1 min read. Maybe we can put UNI in a Maker vault, and then lend the Dai on Compound. We would like to ensure that there is advanced notice of this delegation because of anticipated community feedback. 9 million was raised when Synthetix sold SNX tokens to Framework Ventures. The Synthetix protocol is governed by a decentralized set of representative councils that are voted on by stakers. If this SIP is approved and adopted, the following will be implemented:💡Staking variables change regularly based on governance action. The liquidateAsAccountId parameter specifies an account which should receive the collateral. An independent Work Group is suitable for the level of decentralization that Synthetix is at and would remove the information asymmetry that integrators face when. The Synthetix Protocol is governed by four bodies, each responsible for a core aspect of a DAO. synthetix. So you know, the CEO and those people on down are. It'll help to usher in a period of mass innovation throughout the world of onchain derivatives and financial instruments. Initially, Aelin v1 will be governed by the Aelin Council, a DAO which will be voted on by SNX. The process for adding new Synths to Synthetix is based on demand, liquidity, and volatility. Protocol Information. Perps V3 Keeper. Today, February 6th, the Eltanin release will begin. Let’s start with the highlights, shall we? Q2 Highlights. Anyone can static call the claimRewards function to see what an account ID can claim from a distributor registered to a specified vault, accounting for amounts previously claimed. In 2019, an additional $3. So the tokenomic leverage of this mechanism in the protocol is between 3 and 5, depending on the current collateral requirement. Synthetix founder Kain Warwick spoke with Decrypt's Dan Roberts all about DeFi governance and its challenges, his problems with voting platforms like Snapshot, DAO fatigue, regulation and the SEC, and stablecoins onstage at Chainlink SmartCon 2022. The Synthetix governance structure is composed of Councils, Committees, Core Contributors and a DAO. We share a similar vision with Optimism Foundation that the next billion users will experience all of web3 on L2s, and have been working to solve one of the key pieces to enable this vision by collaborating with the top Optimism apps including Synthetix, Lyra, Polynomial, Premia among others. Docs. Elections and Voting. Over time, Synthetix Governance will determine which assets to support as collateral in addition to the current SNX (staking) and ETH (wrappers). Perps. Synthetix Governance: A representative council system that governs Synthetix. Synthetix Governance will determine which assets to support as collateral in addition to the current SNX (staking) and ETH (wrappers). Docs. Contribute to Synthetixio/SIPs development by creating an account on GitHub. Staking App. Furthermore, these tokens were directed to be held by the. The epoch will last four months, starting August 30th. All. Unique to Andromeda Base is the use of a USDC wrapper, enabling USDC to appear to be used as collateral for LPs, and as margin as perp traders. Synthetix was originally overseen by a non-profit foundation in Australia. Protocol Governance. Additionally, data feeds from Pyth and Chainlink are necessary for any proposed assets to be considered for inclusion. GitHub. The elected members will serve a 4-month termAs early adopters of delegate governance structure and early participants in Synthetix governance structure, we find us to be a good fit for this initiative. SYNTHETIX GOVERNANCE. So the tokenomic leverage of this mechanism in the protocol is between 3 and 5, depending on the current collateral requirement. Synthetix is a blockchain protocol built on the Ethereum mainnet, which provides a platform for crypto enthusiasts to access several crypto and non-crypto assets, such as indices, and commodities, among others. Synthetix is a decentralized liquidity provisioning protocol built on Ethereum and Optimistic Ethereum (a layer two scaling solution built on Ethereum). Besides governance, Synthetix also has to contend with increasing regulatory scrutiny of a core part of its offering—tokenized stocks. Docs. The poolId and collateralType parameters specify the vault to liquidate. 00%. Quarterly Report for Synthetix, Quarter 3 of 2023: July — September. . My view on the Optimistic Vision 150: I think funding public goods is a worthy goal but one that, in practice, needs to improve in efficiency and quality. Each governance component is assigned a specific aspect of. Perps. Sandbox with Perps. Podcast now also on YOUTUBE SNXweave Anchor Podcast: Follow us on Twitter!. With Thales participating in the Protocol Delegation initiative, we wish to do our part in helping the Optimism Vision with our growth and governance experience inherited from as far back as the early days of Synthetix, the pioneer of delegate governance structure. We already saw it with Perpetual Protocol and with the case of Synthetix, who even now. Powering the next. 1 PAX token is equal to one ounce of fine troy gold. Powering the next. In Governance Update #2 , foundation gave a clear instruction that self-dealing is not expected. Join SNX is adding 22 new markets to Synthetix Perps soon. The first to speak on this topic was @OPUser when @tongnk , of Perpetual Protocol, self-delegated the 9M OP tokens he had received in Phase 1. Docs. The Liquidity Layer of DeFi. Blog. Four staker-elected councils exist Spartan, Treasury, Ambassador, and Grants Council. Elections. These were swapped for 6. Market Development Guide. Powering the next. The Liquidity Layer of DeFi. Voting is still in progress. There is still time to vote if you haven't yet. For Governance Participants. Developer FAQ. View the history of past council elections and vote in any currently open elections. Also, in December 2019, Synthetix governance lowered the inflation percentage and added the same to. Synthetix provides liquidity for permissionless derivatives like perpetual futures, options, parimutuel markets, and more across EVM chains. S.