The new proposal to redesign Synthetix has been approved by the governance committee vote

2023-02-02 15:26:54
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According to ChainCatcher news, the proposal for the redesign of the Synthetix protocol, "Synthetix v3," has been unanimously approved by the Synthetix governance committee, the Spartan Council. The new design will feature a more modular foundational mechanism, with functionalities such as multi-collateral staking, customizable debt positions, and permissionless synthetic assets.

The proposal includes dividing the debt pool into independent markets, enabling the exchange and minting/burning of snxUSD, with net debt accounted for by the corresponding underwriters' stakers. The new framework will allow underwriters to flexibly choose markets for underwriting and manage market risk conditions, thereby achieving customized and efficient debt management. (Source link)

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