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Synapse ProtocolSynapse Protocolby0x51dB4d9124EeA73d1Ca43F3E01091a3C7c3871F80x51dB…71F8

[SIP-10] A New SYN-FRAX Liquidity Pool

Voting ended over 3 years agoSucceeded

Context, proposal, and discussion:

https://forum.synapseprotocol.com/d/51-sip-10-a-new-syn-frax-liquidity-pool

Summary

  • The Synapse DAO would commit 350k SYN to be paid in liquidity incentives to this new pool over the course of 6 months
  • Frax will match SYN incentives with FXS incentives

— A vote “For” of this proposal approves the SYN incentives for the new SYN-FRAX pool.

A vote “Against” this proposal rejects the SYN incentives for the new SYN-FRAX pool.

Off-Chain Vote

Approve SYN incentives
10.34M SYN99.5%
Reject SYN incentives
55.68K SYN0.5%
Quorum:104%
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Discussion

Synapse Protocol[SIP-10] A New SYN-FRAX Liquidity Pool

Timeline

Jul 07, 2022Proposal created
Jul 07, 2022Proposal vote started
Jul 09, 2022Proposal vote ended
Oct 26, 2023Proposal updated