The protocol and ecosystem is more broadly maintained and improved by a combination of core contributors, ecosystem partners, and community members. Established via SIP-93, the SC is responsible for conducting SIP/SCCP interviews, debating the implications of proposed changes, coordinating protocol changes with the protocol. As per SIP-155 the Treasury Council has been established to undertake many of the responsibilities of the now dissolved synthetixDAO. Build on v3. The poolId and collateralType parameters specify the vault to liquidate. Chain Breakdown; Ethereum: $439. However, since then, the TVL has risen to $800 million at the time of writing, and the price of. sUSD borrowing via SNX would also be enabled as part of Project Draco. 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. 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. I’ve included a very basic AIP Draft with some generic outlines and instructions for the ApeCoin Foundation Administrators to create a. Aave, Compound, Uniswap, etc. Perps. . Start trading in minutes. The Liquidity Layer of DeFi. System Staking 69. Name. Ambassador Council. Synthetix, the DeFi protocol for trading asset-pegged synthetic tokens on. 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. Synthetix Governance Find links to each core component of the Synthetix Governance System. If SIP-276 is passed by the Synthetix governance community, ten periodic installments of 675,000 SNX tokens will be added to the current total supply of 293 million tokens in order to reach the. 03%. What we can say is that there is no opaque centralised body the Synthetix network relies on to “guard” the Synthetix protocol. Blog. Perps. Synthetix is excited to announce the addition of ZRX & UMA perpetual futures markets, now available for leverage trading via Synthetix Perps. Governance. Perps. David_Heisenberg May 18, 2023, 1:17am 189. Besides governance, Synthetix also has to contend with increasing regulatory scrutiny of a core part of its offering—tokenized stocks. egk10 January 20, 2021, 2:32pm 8. It further suggests deploying Andromeda to Optimism and Arbitrum, and deploying Carina (ETH-only backed Perps) to Ethereum. 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. 77%. For Governance Participants. Synthetix is a decentralized liquidity provisioning protocol built on Ethereum and Optimistic Ethereum (a layer two scaling solution built on Ethereum). Developer FAQ. 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. The Election Module is proposed to replace the existing Snapshot election process carried out by the Synthetix DAOs whilst also providing a standard module which other protocols can use for their governance. 1m: Market Cap. Inflation was introduced in march 2019 in order to help bootstrap the network, following the pivot from Havven to Synthetix. Do you agree to abide by the delegate code of conduct: (Yes / No) Yes. 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. Link to Synthetix Discord Dune AnalyticsFinally, governance can be used to create incentives to mint and sell mAssets, helping to fix broken price pegs. Meta-Governance Processes; Defining the different types of governing bodies Overview. 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. What does it do: The proposal outlines a 12-month engagement between Gauntlet and Aave, starting on December 28, 2022, and ending on December 28, 2023. The Liquidity Layer of DeFi. The Synthetix platform enables the creation of on-chain synthetic assets (Synths) that track the value of assets in the real world. Stats. All of the councils are elected by Synthetix Stakers. <!--You can leave these HTML comments in your merged SIP and delete the visible duplicate text guiThe Synthetix Improvement Proposal repository. In 2019, an additional $3. Synthetix provides liquidity for permissionless derivatives like perpetual futures, options, parimutuel markets, and more across EVM chains. Docs. For one, Synthetix incorporates six different DAOs designed to play specified governance roles within the Synthethix ecosystem. Perps. Grants Council. FOR PERP INTEGRATORS. Name: Decentralized Mind aka cryptologist98. Powering the next. Garth Travers. They allow users. Blog. All markets must be approved by Synthetix Governance through a SIP and a subsequent SCCP to configure variables. Powering the next. 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. Governance. Staking App. More competitive offering - Lower fees can be passed on to users, making Synthetix and its. GitHub. csv. Creating and Configuring Pools. In Governance Update #2 , foundation gave a clear instruction that self-dealing is not expected. For Developers. Do you agree to abide by the delegate code of conduct: (Yes / No) Yes. This system sets a limit on the total amount of Synths that can be generated, ensuring that the platform remains stable and solvent. Unique to Synthetix is the ability for liquidity pool managers to configure these pools to extend credit to derivatives markets. SNX Price--epoch. Benefits for Synthetix Protocol. But even when inflation was. Blog. Synthetix is an open source derivatives liquidity protocol on Ethereum. The rules and parameters associated with the Synthetix protocol and Synthetix DAO governance are subject to change at any time. Staking App. Synthetix V3 is currently in alpha. Perps. Technical Architecture. 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 Liquidity Layer of DeFi. The rules and parameters associated with the Synthetix protocol and Synthetix DAO governance are subject to change at any time. 7 Likes. Stats. Click here to view original web page at blog. 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. Votes. Perps. Firstly, there are exchange rewards. Staking App. Synthetix is a synthetic asset protocol on Ethereum. Synthetix Governance DAO is responsible for the governance of Synthetix, a platform that enables the creation and trading of synthetic assets. 44 with a 24-hour trading volume of $ 396. [1] Connect wallet. Contribute to Synthetixio/SIPs development by creating an account on GitHub. xyz Discord username: cf#7928 Verification: Tally I have read and understood the Delegate Commitment Process: Yes. Synthetix Carina will also be running on Ethereum, a latency-optimized version of perps using ETH (and LSDs) as collateral. Synthetix is very unique and the closest thing that we currently have to it are asset-backed tokens. Synthetix provides liquidity for permissionless derivatives like perpetual futures, options, parimutuel markets, and more across EVM chains. 9 million was raised when Synthetix sold SNX tokens to Framework Ventures. Stats. For example, transferring Ether simply requires 21000 gas. Blog. “While we have been governed through rough consensus for some time. 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). This post is going to take a different approach. Revenue Share. Initially, Aelin v1 will be governed by the Aelin Council, a DAO which will be voted on by SNX. Docs. V3 Spot Market - The first expected market on V3 is spot markets. SYNTHETIX GOVERNANCE. 63, while Synthetix's lowest price was recorded on Jan 5, 2019 when it. 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. I don’t have any direct experience but it looks intriguing. Elections. Perps. Stats. synthetix. They are elected by those providing SNX tokens to the protocol. 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. This means that SNX will necessarily be worth 3-5 times the value of all necessary sAssets. nominations. Introduction. SYNTHETIX FORUM View the voting history of all governance proposals. Synthetix is a platform that widens the horizon of existing trading capabilities. The Synthetix protocol is governed by a decentralized set of representative councils that are voted on by stakers. Docs. Voting power is exclusively determined based on participation in the Synthetix V2 protocol. Governance Framework. 63, while Synthetix's lowest price was recorded on Jan 5, 2019 when it. It allows to creation of real world assets, like stocks and shares to be bought and traded using crypto. substack. The protocol and ecosystem is more broadly. The Liquidity Layer of DeFi. Decisions and proposals put forth by these councils are. Stats. Over time, Synthetix Governance will determine which assets to support as collateral in addition to the current SNX (staking) and ETH (wrappers). Powering the next. FOR PERP INTEGRATORS - Previous. 0. Synthetix is excited to announce the addition of stETH/ETH perpetual futures markets, now available for leverage trading via Synthetix Perps. Market Development Guide. 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 excited to announce the addition of stETH/ETH perpetual futures markets, now available for leverage trading via Synthetix Perps. The Synthetix Network token (SNX) incentivizes coordination and growth within the Synthetix Network. For this reason, we will strongly encourage people claiming OP in Airdrop #1. S. Market Development Guide. During an in-depth discussion with Decrypt’s Dan Roberts at Chainlink SmartCon last week, Warwick said he believes DeFi governance “is actually worse today” than one year ago. Synthetix staking is vastly different from other DeFi protocols; it allows anyone to earn rewards by contributing collateral (SNX) to the Synthetix protocol. By allowing token holders to participate in decision-making, Synthetix ensures a decentralized approach to managing its innovative financial ecosystem. io. However, properties such as trustlessness and immutability aren’t only useful in monetary applications. Messari’s recent update takes a look at what Synthetix has been up to. 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. Elections and Voting. Perps. The eleventh Synthetix community governance call is scheduled for July 27/28 (timezone dependant), and as usual there's a great deal to talk about! Here are the times: * San Francisco: Monday July 27, 6pm * New York: Monday July 27, 9pm * Central Europe: Tuesday July 28, 3am (not 2am as originallyThis will allow approved integrators to pass on lower fees and other vital benefits to their users, after being approved by Synthetix governance. There will now be 5 Ambassadors that win seats, which will be reflected in the election that is currently ongoing. 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. 87M, market cap of $ 395. Synthetix is an Ethereum-based protocol for issuing synthetic assets. Synthetix enables the creation and trading of synthetic assets backed by stakers using SNX tokens. JoinSynthetix is a token trading platform built on Ethereum. Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi,. Per SCCP-304, the spot market system has deployed a synthetic ETH token by creating a market for it. Synthetix. Additionally, data feeds from Pyth and Chainlink are necessary for any proposed assets to be considered for inclusion. All markets must be approved by Synthetix Governance through a SIP and/or a subsequent SCCP to configure variables. Synthetix provides liquidity for permissionless derivatives like perpetual futures, options, parimutuel markets, and more across EVM chains. The protocol and ecosystem is more broadly maintained and improved by a combination of core contributors, ecosystem partners, and community members. Perps. The liquidateAsAccountId parameter specifies an account which should receive the collateral. Protocol Governance. Read Synthetix (SNX) Price Prediction 2023-2024. The liquidated collateral is seized from all of the liquidity positions in the vault pro-rata. It creates a bridge between traditional investment instruments, such as equities, and the realm of decentralized platforms and digital assets. 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. The decision to leverage Synthetix governance relied on the past success of Thales and Kwenta in establishing independent communities. These are just a few of the investors who have invested in our past accelerator projects. dollar) and crypto assets (like Bitcoin ). c-ratio. SYNTHETIX GOVERNANCE. Governance. Synthetix Governance. The proposal sets an initial fee share at 50% for LPs and 50% for SNX stakers (via a buyback and burn mechanism on Base). Synthetix is a derivatives liquidity protocol built on Ethereum, facilitating the creation and trading of synthetic decentralized assets. The Synthetix protocol allows traders to issue synthetic versions of crypto native assets, traditional financial assets,. Lastly, JVK has been working on a document to guide the dev who is working on the mint for the NFT project. Docs. 12% went to the Synthetix Foundation (later transitioned into DAOs). Protocol name: QiDao Protocol Name of protocol representative(s) that will serve as delegate(s): Benjamin. It is fair to say this was a far more successful change than anyone anticipated. Synthetix staking is vastly different from other DeFi protocols; it allo…Blockchain technology is already radically transforming the financial system. My previous post was a long-form exploration of the future of Synthetix. Stats. One of the world’s leading Web3 accelerators with the strongest network in Asia, LongHashX partners with ecosystems like Filecoin, Polkadot, Axelar, and Algorand to empower founders to build top-class Web3 native projects. Perps V3. I keep hearing that Synthetix governance model is working well - separating decision making and funding decisions by functional area. The Liquidity Layer of DeFi. For example, Synthetix uses our API to power their council member pages, which you can find here: Synthetix | Governance V3; Happy to hop on a call to discuss options and figure out how best to partner! Feel free to respond here, DM, or happy to share my Telegram. 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. By integrating with decentralized oracle networks, it allows users to receive a loan of stablecoins against collateral on-chain. Kain Warwick Dec 17, 2019 • 8 min read Introduction Anyone following Synthetix this year is aware of our transition towards decentralised protocol control. The current rewards have no expiry date but can be adjusted by a vote from Synthetix governance. Engineers are now working on reflecting this in the backend/frontend for the Synthetix Governance Module. Staking FAQIt is a similar story with the Synthetix coin, finding a decent bump due to the Synthetix governance approving and implementing additional 19 markets, making their grand total a solid 71. Blog. synthetix. Quick Start. Governance. Synthetix stakers do not have to participate in governance farming, although ecosystem rooms may be deployed to boost voting power. SNX’s initial supply of 100,000,000 tokens was released in 2018. Quick Start. The Liquidity Layer of DeFi. 5 Likes. View the history of past council elections and vote in any currently open elections. Perps. 002908%, respectively (note: funding rates fluctuate, this isn't current). Join SNX is adding 22 new markets to Synthetix Perps soon. It was one of the last remaining areas of centralisation and this transition marks the end of. Synthetix is a decentralized liquidity provisioning protocol built on Ethereum and Optimistic Ethereum (a layer two scaling solution built on Ethereum). What makes Synthetix unique is the robust nature of its governance system. $681. Docs. Integrators are rewarded for driving volume through Synthetix Perps. Votes. Synthetix was originally overseen by a non-profit foundation in Australia. The decision to leverage Synthetix governance relied on the past success of Thales and Kwenta in establishing independent communities. Quick Start. So I wrote SIP-180 which proposed utilising Synthetix governance to do a fair launch with a retro distribution to all SNX stakers as compensation for using their governance framework. Governance. This, in turn, calls the payout function on the rewards distributor. Synthetix Carina will also be running on Ethereum, a latency-optimized version of perps using ETH (and LSDs) as collateral. Synthetix and DYDX's funding rates are 0. Councils are directly elected by SNX stakers, while other governance bodies are appointed according to the existing governance procedures. 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. Spot markets powered by Synthetix V3 allow anyone to exchange the V3 protocol’s stablecoin with a synthetic asset (or “synth”). This guide has been updated as of 7/28/22. Analogous to Uniswap, in exchange for extending credit. The collateralized SNX tokens are locked in a staking contract; in return, stakers receive rewards and market returns. Sandbox with Perps. The Synthetix Protocol is governed by four bodies, each responsible for a core aspect of a DAO. 00%. ⭐ Ambassador Council: Spartan Spaces & Ambassador. 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. Synthetix Governance DAO. Simple Summary. This was always going to be a controversial decision, regardless of which way it went. Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi,. With mature on-chain representative governance in place, we're empowering an entire ecosystem that operates with resilience and censorship resistance. Easy to. Synthetix (SNX) Total Value Locked. Synthetix Improvement Proposals (SIPs) describe standards for the Synthetix platform, including core protocol specifications, client APIs, and contract standards. Additionally, data feeds from Pyth and Chainlink are necessary for any proposed assets to be considered for inclusion. As Synthetix governance has rapidly and successfully evolved we have encountered friction within the Core Contributors. great. 0. 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. Decisions and proposals. 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. Governance. 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. 25, Kain Warwick, the founder of Synthetix, published a proposal advocating for capping the SNX supply at 300M tokens in two and a half months. Synthetix provides liquidity for permissionless derivatives like perpetual futures, options, parimutuel markets, and more across EVM chains. 71% in the last 24 hours. Show topics: what Optimism and Synthetix are how zero-knowledge rollups differ. Anyone following Synthetix this year is aware of our transition towards decentralised protocol control. 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. Spot markets powered by Synthetix V3 allow anyone to exchange the V3 protocol’s stablecoin with a synthetic asset (or “synth”). 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. Perps V3 Keeper. 5 million Synthetix governance tokens (SNX) using popular DeFi money market protocol Aave, and pooled liquidity token exchange, Bancor. V3. The Synthetix Improvement Proposal repository. g. Synthetix provides liquidity for permissionless derivatives like perpetual futures, options, parimutuel markets, and more across EVM chains. Stats. Synthetix (SNX) is a decentralized liquidity provisioning protocol built on Ethereum and Optimism, serving as a backend liquidity layer for some of the most innovative protocols in the DeFi ecosystem. See the following. 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. Stats. All markets must be approved by Synthetix Governance through a SIP and/or a subsequent SCCP to configure variables. 0. The SNX price decreased-3. Nominations for the Synthetix Councils' (Spartan, Grants, Treasury, and Ambassador Council) next epoch will open on Thursday, August 17th. The Synthetix discord is the place to engage in protocol governance and robust community discussion about the direction of the project. Four staker-elected councils exist Spartan, Treasury, Ambassador, and Grants Council. revmiller December 30, 2022, 10:20pm 4. Here are some quick details about each council. Current Voting Results. 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. 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. Governance. This fee is set by governance, and will be displayed by the SNX integrator before the trade. Perps. Staking App. Synthetix provides liquidity for permissionless derivatives like perpetual futures, options, parimutuel markets, and more across EVM chains. Contribute to Synthetixio/SIPs development by creating an account on GitHub. September 3, 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. Governance. Blog. VIEW ALL COUNCIL MEMBERS. 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. Perps. 38m . 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. Shorting ( SIP-135) and Futures ( SIP-80) will follow soon. These markets enable the creation and trading of spot synths created entirely on Synthetix V3. The Synthetix protocol is governed by a decentralized set of representative councils that are voted on by stakers. 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. sender is equal to Synthetix Core address. For instance, the core protocol design, setting of the reward mechanisms, and the system development were managed by the Synthetix Foundation, excluding them from governance voting. to a Spartan Council member on discord by searching members with the "Spartan Council" role or finding them within the #governance channel. Optimism Collective Delegate Commitments [OLD] 📌 Policies and Templates. Docs. The protocol and ecosystem is more broadly maintained and improved by a combination of core contributors, ecosystem partners, and community members. The Liquidity Layer of DeFi. Docs. Synthetic assets, and associated products, are collateralized by stakers via Synthetix Network Token (SNX), which when locked in a staking contract enables the issuance of synthetic. Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi,. Kain said that the control of Infinex would be relegated to a mode of decentralized governance. Foundations are also typically responsible for the governance of the platform they represent, voting on decisions about how the platform should operate or changes that need to be implemented. 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. Synthetix 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. Perps V3 Keeper. The Liquidity Layer of DeFi. Smart Contracts. 15 protocols qualify to participate based on total gas fees generated on Optimism in Season 2. Synths comply with the ERC-20 standard, which means they are compatible with an enormous number of protocols. Integrators are rewarded for driving volume through Synthetix Perps. 🏛 Governance. The V3 Watcher Stats page is also officially complete, so check that out for all of your stats needs!Synthetix price today is $ 3. Synthetix is the backbone for derivatives trading in DeFi, allowing anyone, anywhere to gain on-chain exposure to a vast range of assets. Staking Guide. SYNTHETIX GOVERNANCE. Governance Framework The Synthetix Protocol has several governing bodies and artifacts which co-exist to enable the decentralized nature of the protocol. Each of the councils at Synthetix serves a different and vital role in running the Synthetix protocol. Synthetix operates under the governance of four key bodies: Spartan Council, Treasury Council, Ambassador Council, and Grants Council. The goal is to get the protocol to a point where it is resistant to capture, whether from a. My reasons for wanting to be a delegate: Governance, voting and the separation of powers. SNX is the native token of the Synthetix Network and has two main functions: staking and governance. Abstract. Governance. It'll help to usher in a period of mass innovation throughout the world of onchain derivatives and financial instruments. Millie: The proposal says only if there is a protocol governance upgrade that renders it. We know the DAO decided to implement the Pyth Oracle. Governance-approved SCCPs can make these markets available for trading on frontends @Kwenta_io & @DecentrexHQ in the coming days. 5 million USDC on decentralized exchange, Kyber, exerting downward pressure on the price of SNX. Configuration. 014361% and 0. 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. Multi-collateral staking will increase sUSD liquidity and the markets supported by Synthetix. Name: Wintermute Address of ENS: wintermutegovernance. [00:22:25] The difference between the Synthetix DAO governance and typical corporate governance is that the people who are operating a company or a corporation. This section of the SIP proposes to: Label the collective governing collectively bodies as the Synthetix DAO. Governance. Learn more. Synthetix is a protocol for the issuance of synthetic assets that tracks and provides. Synthetix Governance. Please register to be a delegate at Participating in Token House governance will require a serious time commitment. The Synthetix Ambassadors will soon receive a delegation of 2m OP tokens (Optimism governance power) from the SNX Treasury Council. Docs. ) to a committee of ambassadors focused on furthering. The rules and parameters associated with the Synthetix protocol and Synthetix DAO governance are subject to change at any time. Developer FAQ.