Synthetix governance. And so in Synthetix you have a quasi board, right. Synthetix governance

 
And so in Synthetix you have a quasi board, rightSynthetix governance  The current rewards have no expiry date but can be adjusted by a vote from Synthetix governance

This means that SNX will necessarily be worth 3-5 times the value of all necessary sAssets. The Treasury Council manages the Synthetix Treasury and provides funding to the other governance bodies, CC stipend payments, and other discretionary incentives. nominations. I have read and understood that becoming a delegate is a significant commitment: Yes. In addition to its governance model, the Synthetix DAO also includes a risk management system known as the “debt ceiling”. 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. These markets enable the creation and trading of spot synths created entirely on Synthetix V3. Perps V3. 63, while Synthetix's lowest price was recorded on Jan 5, 2019 when it. Synthetix. Synths are nothing but on-chain synthetic assets that one can trade on a DeFi platform but whose value tracks the value. Following SIP-90, the existing Snapshot space will be renamed to the “Spartan Council” while an additional snapshot space called “Synthetix Proposals” will be created. The Liquidity Layer of DeFi. Synthetix Governance DAO. Uniswap and Polygon released major updates while Korean CeDefi platforms are. 👉Q3 Highlights ⭐ Spartan Council/CCs: Base Deployment & Testnet Trading Competition ⭐ Grants Council: NFT Project & Watcher Page ⭐ Ambassador Council: Spartan Spaces & Governance Proposals As we wrap up the third quarter of 2023, it’s time to review the major events of SYNTHETIX GOVERNANCE. Voting is still in progress. 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. Governance Framework. All markets must be approved by Synthetix Governance through a SIP and/or a subsequent SCCP to configure variables. Blog. Synthetix stakers do not have to participate in governance farming, although ecosystem rooms may be deployed to boost voting power. While this proposal passed unanimously, concerns were raised subsequently that the Snapshot vote weights deviated too far from the status quo. Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi,. FOR PERP INTEGRATORS. 87M, market cap of $ 395. Synthetix provides liquidity for permissionless derivatives like perpetual futures, options, parimutuel markets, and more across EVM chains. It allows to creation of real world assets, like stocks and shares to be bought and traded using crypto. 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. Integrators are rewarded for driving volume through Synthetix Perps. Synthetix provides liquidity for permissionless derivatives like perpetual futures, options, parimutuel markets, and more across EVM chains. Quick Start. “The changes above mark a phase shift in Synthetix governance,” the post said. 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. Synthetix provides liquidity for permissionless derivatives like perpetual futures, options, parimutuel markets, and more across EVM chains. Blog. Blog. 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. Furthermore, these tokens were directed to be held by the. Multi-collateral staking will increase sUSD liquidity and the markets supported by Synthetix. We would like to ensure that there is advanced notice of this delegation because of anticipated community feedback. Created: December 24th, 2022. Synthetix operates under the governance of four key bodies: Spartan Council, Treasury Council, Ambassador Council, and Grants Council. The process for adding new perps markets to Synthetix is based on demand, liquidity, and volatility. Protocol 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. 131: Revoke the "ALL" approval, if set, when withdrawing other approvals. g. Synths comply with the ERC-20 standard, which means they are compatible with an enormous number of protocols. It’s all happening right now for the Spartan Council! Fresh off last week’s first Council-led community governance call, the next Spartan Council election has begun for the next epoch. Synthetix will use Chainlink decentralized oracles to power all price feeds on the Synthetix exchange. Staking App. Please list any anticipated conflicts of interest: NonePerpetuals exchange protocol Synthetix added support for Lido's stETH (read more here) Synthetix governance has given the green light to add stETH to Synthetix perpetuals, making it the only protocol supporting decentralised and trustless stETH perpetuals. Per SCCP-304, the spot market system has deployed a synthetic ETH token by creating a market for it. Perps V3. <!--You can leave these HTML comments in your merged SIP and delete the visible duplicate text guiThe Synthetix Improvement Proposal repository. Initially, Aelin v1 will be governed by the Aelin Council, a DAO which will be voted on by SNX stakers. SNX is the native token of the Synthetix Network and has two main functions: staking and governance. By integrating with decentralized oracle networks, it allows users to receive a loan of stablecoins against collateral on-chain. However, since then, the TVL has risen to $800 million at the time of writing, and the price of. Blog. Synthetix started out as a stablecoin, before pivoting to DeFi. Show topics: what Optimism and Synthetix are how zero-knowledge rollups differ. Current Voting Results. SNX tokens are up more than 500% in price so far this year. SYNTHETIX GOVERNANCE. Join the Kwenta Community. Contribute to Synthetixio/SIPs development by creating an account on GitHub. Garth Travers. Blog. 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. By integrating with decentralized oracle networks, it allows users to receive a loan of stablecoins against. For all their commitment to the crypto cause. Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi,. Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi, allowing anyone,. The protocol and ecosystem is more broadly maintained and improved by a combination of core contributors, ecosystem partners, and community members. 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. The SNX price decreased-3. Governance. Quarterly Report for Synthetix, Quarter 3 of 2023: July — September. 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. You can see the list of top protocols based on gas. Protocol name: QiDao Protocol Name of protocol representative(s) that will serve as delegate(s): Benjamin. Asset: SNX. Synthetix provides liquidity for permissionless derivatives like perpetual futures, options, parimutuel markets, and more across EVM chains. Project Draco will be under development, with a plan to migrate all governance functions to the Synthetix Appchain in 2024. All supported markets benefit from deep liquidity and low fees, thanks to the use of fully decentralized off-chain oracles and Synthetix liquidity. While we progress these releases, the community must debate and discuss the remaining items on the roadmap, as well as any unplanned priorities, in order to crystallise later releases. This. This post addresses the issues and how we can resolve them. Sep 19, 2023 • 1 min read. Governance. Quick Start. Synthetix offers tKain Warwick, founder at Synthetix, explained in a governance proposal on Friday that the initial rationale for keeping an ever-inflationary supply for SNX had passed as the protocol was now. Synthetix provides liquidity for permissionless derivatives like perpetual futures, options, parimutuel markets, and more across EVM chains. Also, in December 2019, Synthetix governance lowered the inflation percentage and added the same to perpetuity. Smart Contracts. The presentation of SIP-179 is also discussed, as well as upcoming election coverage from SNXweave. Current Protocol Parameters. I understand that becoming a delegate is a significant commitment: Yes. Four staker-elected councils exist Spartan, Treasury, Ambassador, and Grants Council. Synthetix is a token trading platform built on Ethereum. Stats. 58M, and market dominance of 0. All supported markets benefit from deep liquidity and low fees, thanks to the use of fully decentralized off-chain oracles and Synthetix liquidity. See below: This delegation was something Synthetix Ambassadors had initially pushed for under its internal proposal and was approved by the Spartan Council at Synthetix. For security reasons, the payout function should always revert unless msg. Perps. They are elected by those providing SNX tokens to the protocol. g. All of the councils are elected by Synthetix Stakers. The liquidated collateral is seized from all of the liquidity positions in the vault pro-rata. There are six governing bodies on the Synthetix ecosystem:: Spartan Council; Protocol DAO; Synthetix DAO;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). SYNTHETIX GOVERNANCE. SYNTHETIX GOVERNANCE. Powering the next. Powering the next. The rules and parameters associated with the Synthetix protocol and Synthetix DAO governance are subject to change at any time. 💡Staking variables change regularly based on governance action. 129: sSNX ERC-20 Synths: Andre Cronje. Staking Guide. Staking App. The protocol and ecosystem is more broadly maintained and improved by a combination of core contributors, ecosystem partners, and community members. Governance. Blog. Synths are nothing but on-chain synthetic assets that one can trade on a DeFi platform but whose value tracks the value. Connect wallet. Design best practices for teams building on Synthetix V3. “While we have been governed through rough consensus for some time. SYNTHETIX GOVERNANCE. Synthetix Governance. Synthetix provides liquidity for permissionless derivatives like perpetual futures, options, parimutuel markets, and more across EVM chains. SIP-306: V3 Migration SIP-323: Adopt "s" prefix for Synthetix V3 asset tickers. SYNTHETIX GOVERNANCE. Governance. Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi,. Blog. Firstly, there is the Aelin Direct Deals, a terrific choice for sponsors or protocols looking to raise. These are generated whenever someone makes an exchange within the Synthetix system. Synthetix Governance. Aave, Compound,. All markets must be approved by Synthetix Governance through a SIP and a subsequent SCCP to configure variables. S. The new module will reportedly make it easier for the network to make governance decisions with. However, properties such as trustlessness and immutability aren’t only useful in monetary applications. My reasons for wanting to be a delegate: Mirror has been a project driven by collaboration with the. Staking App. 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. Synthetix Stakers are assigned a. For Developers. With the rise of DeFi, a new form of governance has emerged specifically designed for decentralized systems. The protocol and ecosystem is more broadly maintained and improved by a combination of core contributors, ecosystem partners, and community members. Docs. What is Synthetix? Synthetix is a derivatives liquidity protocol on Ethereum. SNX’s initial supply of 100,000,000 tokens was released in 2018. 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. Synthetix Governance - Election Module . Docs. The Synthetix governance elections are currently underway The Aave community voted to add ENS as collateral, and to appoint Securitize as a whitelister to Aave ArcHadar release - Late March 2020. For Developers. 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. October 19, 2021. The Aelin project helps individuals (sponsors) and protocols to raise capital from their communities via two primary methods. Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi, allowing anyone,. egk10 January 20, 2021, 2:32pm 8. During this time, Gauntlet will provide risk management coverage for all Aave v2 and v3 markets using its. Staking FAQIntroduction Decentralized governance has been a long-discussed topic – it aims at helping to prevent corruption, empowering a community to have | Bitget crypto news!Further, my experience over the last year and a half participating as a member of the Synthetix and Lyra grants councils has provided experience in governance and vetting public goods funding. The Liquidity Layer of DeFi. It further suggests deploying Andromeda to Optimism and Arbitrum, and deploying Carina (ETH-only backed Perps) to Ethereum. More competitive offering - Lower fees can be passed on to users, making Synthetix and its. The Synthetix Protocol is governed by several key bodies and artifacts. Docs. 7: Fully Diluted Valuation. Governance. Label all the bodies in which the internal stakeholders nominate as a Committee. Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi,. Do you agree to abide by the delegate code of conduct: (Yes / No) Yes. Blog. Powering the next. synthetix. Synthetix provides liquidity for permissionless derivatives like perpetual futures, options, parimutuel markets, and more across EVM chains. Stats. 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. Last modified 2mo ago 2mo agoThe team is also working on bringing more visibility to pr. The Spartan. The release includes: SIP-295: Addition of Perps V1 markets to Synthetix Perps V2; SIP-2000: Addition of ATOM, AXS, FLOW, FTM, NEAR, AUD/USD, and GBP/USD to Perps V2; Two new SIPs have been approved by Synthetix. It is worth discussing governance for a second, I’m planning a much more comprehensive post on what passes for “governance” across much of crypto these days, but that post is still in draft. Uniswap Governance Swap UNI for ETH and wBTC and provide liquidity. The Liquidity Layer of DeFi. This post is going to take a different approach. Inflation was introduced in march 2019 in order to help bootstrap the network, following the pivot from Havven to Synthetix. 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. The Lyra Protocol integrates with GMX on Arbitrum to delta hedge its vaults with GMX perps. Decisions and proposals put forth by these councils are. The following post contains a recap of news, projects, and important updates from the Spartan Council and Core Contributors, as well as the Grants Council and Ambassador Council from last week…Crypto News Cast For May 21st 2022 ? Crypto News Cast 📮 21-05-2022 News Source Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter. According to the update, the latest development involves the rollout of the new Synthetix V3 governance module. Synthetix is an Ethereum-based protocol for issuing synthetic assets. In 2019, an additional $3. Spot markets powered by Synthetix V3 allow anyone to exchange the V3 protocol’s stablecoin with a synthetic asset (or “synth”). For one, Synthetix incorporates six different DAOs designed to play specified governance roles within the Synthethix ecosystem. Kwenta is a trading interface for perpetuals and options that integrates with Synthetix and Lyra Protocol. Protocol Governance. This is a huge milestone for the project as it marks the first phase of the transition to decentralised governance. Wallet. By integrating with decentralized oracle networks, it allows users to receive a loan of stablecoins against collateral on-chain. Synthetix provides liquidity for permissionless derivatives like perpetual futures, options, parimutuel markets, and more across EVM chains. Protocol Governance. Maybe we can put UNI in a Maker vault, and then lend the Dai on Compound. Synthetix operates under the governance of four key bodies: Spartan Council, Treasury Council, Ambassador Council, and Grants Council. Technical Specification. By allowing token holders to participate in decision-making, Synthetix ensures a decentralized approach to managing its innovative financial ecosystem. Synthetix stands at the cusp of creating a DeFi revolution with its upcoming V3 release. 9 million was raised when Synthetix sold SNX tokens to Framework Ventures. ) to a committee of ambassadors focused on furthering. Kain Warwick Dec 17, 2019 • 8 min read Introduction Anyone following Synthetix this year is aware of our transition towards decentralised protocol control. Messari is hiring! Join our mission to organize and contextualize all crypto information at a global scaleSeptember 10, 2021 The following post contains a recap of news, projects, and important updates from the Spartan Council and core contributors this week, as well as some performance highlights of those involved in governance. 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 Carina will also be running on Ethereum, a latency-optimized version of perps using ETH (and LSDs) as collateral. Revenue Share. Thales protocol is Optimism native protocol born out of the Synthetix ecosystem. These markets generally rely on decentralized oracle networks (such as Chainlink and Pyth) to retrieve the price of off-chain assets and issue on-chain derivatives of these assets. To download the Addresses + ABIs for Synthetix via the command line, you can run the following command: npx @usecannon/cli inspect synthetix-omnibus -. Perps. Stats. Audits: n/a. Governance. Blog. 87M, market cap of $ 395. The benefits of direct integrations for Synthetix are three-fold. Grants Council. The rules and parameters associated with the Synthetix protocol and Synthetix DAO governance are subject to change at any time. Stats. Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi,. Synthetix provides liquidity for permissionless derivatives like perpetual futures, options, parimutuel markets, and more across EVM chains. 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. Additionally, data feeds from Pyth and Chainlink are necessary for any proposed assets to be considered for inclusion. Synthetix is a protocol for the issuance of synthetic assets that tracks and provides. Staking App. 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. They then used the Ether as collateral to borrow 1. Powering the next. 5 million USDC on decentralized exchange, Kyber, exerting downward pressure on the price of SNX. Synthetix has been an underperformer recently, but its poor performance is exaggerated as it had seen a meteoric rise from Q4 2020 to Q1 2021. Spartan Council members vote on Synthetix Improvement Proposals (SIP) and Synthetix Configuration Change Proposal (SCCP). Blog. The Liquidity Layer of DeFi. Synthetix lists Tether USDT Perps. The following post contains a recap of news, projects, and important updates from the Spartan Council, Core Contributors, grantsDAO and ambassadorDAO from last week, as well a discussion regarding the ongoing meta-governance SIPs. Synthetix is a decentralized liquidity provisioning protocol built on Ethereum and Optimistic Ethereum (a layer two scaling solution built on Ethereum). The decision to leverage Synthetix governance relied on the past success of Thales and Kwenta in establishing independent communities. Easy to. eth Discord username: Callen | Wintermute#6664 Verification and Voting Activity: Boardroom I have read and understood the Delegate Commitment Process: Yes. Each of the councils at Synthetix serves a different and vital role in running the Synthetix protocol. A return to the old school gold standard. staking assets supported. Stats. Perps. – Uniswap. 0) to a decentralised and flat structured entity (Web3. Stats. 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. It allows to creation of real world assets, like stocks and shares to be bought and traded using crypto. 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 provides liquidity for permissionless derivatives like perpetual futures, options, parimutuel markets, and more across EVM chains. Governance. Creating and Configuring Pools. What is the Grants Council? The Grants Council is responsible for public goods funding through grants, initiative bounties, or competition prizes. Stats. 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. Live Events Oct 4, 2022. Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi,. For example, MIR token holders could vote to raise or lower the minimum collateralization ratio, or to implement transaction fees. It was one of the last remaining areas of centralisation and this transition marks the end of. FOR PERP INTEGRATORS. This program will temporarily delegate a portion of idle OP from the Governance Fund to a group of value-aligned protocols. 1%. 71% in the last 24 hours. Here are some quick details about each council. to a Spartan Council member on discord by searching members with the "Spartan Council" role or finding them within the #governance channel. Governing Bodies The Synthetix Protocol is governed by four bodies, each responsible for a core aspect of a DAO. The key decentralized councils and DAOs are the - Spartan Council, Treasury Council, Ambassador Council, and Grants Council. This just granted a few special permissions to the LegacyMarket contract, which is the facilitator of the migration to Synthetix V3. Per SCCP-304, the spot market system has deployed a synthetic ETH token by creating a market for it. Synthetix Governance and Tokenomics Holders of the SNX token are able to vote on and make proposals on the current and future parameters of Synthetix. Messari’s recent update takes a look at what Synthetix has been up to. Synthetix is a synthetic asset protocol on Ethereum. You can trade Synths — which. Once the collateral is deposited, users can mint sUSD up to the collateralization ratio set by the governance. Lyra Interface is an interface for trading, liquidity provision and governance of the Lyra Protocol. Docs. For this reason, we will strongly encourage people claiming OP in Airdrop #1. Base Andromeda. Interested in learning more about Synthetix and its plans for the future? Make sure to RSVP to the call to hear from SNX core contributors, council members, and. Each governance component is assigned a specific aspect of protocol governance. View the history of past council elections and vote in any currently open elections. Elections. Governance. request collateral from an existing Pool OR. Docs. 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. 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. SNX is a decentralized finance (DeFi) software protocol powered by a bag of intelligent contracts on the Ethereum blockchain. If you haven't already, join the Kwenta community on Discord. Synthetix Governance Find links to each core component of. lens Link to delegate commitment: Delegate Commitments - #164 by Benjamin. This doc includes minting probability estimates for different attributes. Meta-Governance Processes; Defining the different types of governing bodies Overview. In Synthetix, users can deposit any ERC-20 token approved by the Synthetix governance into a vault. It serves as a reminder that sometimes you might reduce complexity by just using a multisig instead of a full-fledged Governor-like contract. Base Andromeda. Perps V3 Keeper. They have different levels of responsibilities, and to different extents they can be seen as autonomous entities that rely and control each other. 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. The Protocol Delegation Program was approved in Special Voting Cycle #9b. Base Andromeda. Introduction. Perps V3. The token economics look good, as a high percentage belongs to investors. Voting power is exclusively determined based on participation in the Synthetix V2 protocol. Aelin is a new protocol and will have its own token, community, and governance system. Please list any anticipated conflicts of interest: NoneSynthetix governance is voting to launch V3. Synthetix Governance: A representative council system that governs Synthetix. You can see the list of top protocols based on gas. Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi, allowing anyone,. Further, my experience over the last year and a half participating as a member of the Synthetix and Lyra grants councils has provided experience in governance and vetting public goods funding. Docs. . These include the Spartan Council, Protocol DAO, Synthetix DAO, Ambassadors DAO, and Grants DAO. All markets must be approved by Synthetix Governance through a SIP and/or a subsequent SCCP to configure variables. Aave, Compound, Uniswap, etc. 00. 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. Staking App. I’ve included a very basic AIP Draft with some generic outlines and instructions for the ApeCoin Foundation Administrators to create a. sender is equal to Synthetix Core address. Governance. Governance Tokens Some DeFi platforms — including Compound and Synthetix — have further incentivized lending and borrowing by allowing both parties to accrue the platform’s governance token . 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. Synths comply with the ERC-20 standard, which means they are compatible with an enormous number of. Synthetix provides liquidity for permissionless derivatives like perpetual futures, options, parimutuel markets, and more across EVM chains. Synthetix Governance DAO is responsible for the governance of Synthetix, a platform that enables the creation and trading of synthetic assets. We know the DAO decided to implement the Pyth Oracle. Blog. This fee is set by governance, and will be displayed by the SNX integrator before the trade. 3% went to bounties and marketing incentives. The Synthetix protocol is governed by a decentralized set of representative councils that are voted on by stakers. 42 since April 01, 2022, and the current price stands at $2. Perps. Aelin is a new protocol and will have its own token, community, and governance system. Synthetix Governance. Request some of the existing $500m+ Synthetix collateral for your market. Staking App. The process for adding new Synths to Synthetix is based on demand, liquidity, and volatility. 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. SNX Balance 0.