closedEnded 4 years ago · Snapshot (Offchain)
SIP-271: System Wide Suspension - Proof Of Stake 🐼
By 0x9E98...35d0F3Continue Reading
SIP-271 proposes to suspend all Synthetix contracts on both Ethereum and Optimism at TTD 58740000000000000000000 and unsuspend PoS then PoW contracts after running the below tests and ensuring that they all pass:
- Minting and burning debt can take place normally, with the debt pool oracle in line with size of debt
- Both atomic and non-atomic exchange tests would be performed to ensure that the outputted amounts are reasonable
- Test on transfers of synths and SNX to a different wallet
- Test on opening new loans with ETH and repaying that loan to release the ETH
- Test on opening futures positions, modifying that position and closing that position to release the margin
- Test on flagging an account for liquidation and liquidating that account by moving forward in time
- ETH and LUSD can be wrapped and released
- All Chainlink oracles configured within Synthetix are pushing prices that are within a reasonable margin from centralized exchange prices or off-chain calculated expected prices
- LUSD price is close to 1$
- renBTC price is close to the price of BTC
- OP bridge is operational in both directions
Are you in favor of this decision?
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0Votes 6
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 Afif | 1 | sYES |
 TerraBellus | 1 | sYES |
 Danijel | 1 | sYES |
 Ksett | 1 | sYES |
 Kain | 1 | sYES |
VOTE POWER
0
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Proposal Status
- Mon August 29 2022, 04:26 pmVoting Period Starts
- Thu September 01 2022, 04:26 pmEnd Voting Period
Current Results
1-sYES
6