SNXweave Weekly Recap 120

5 months ago 103

December 20, 2023

The pursuing station contains a recap of news, projects, and important updates from the Spartan Council and Core Contributors, arsenic good arsenic the Grants Council and Ambassador Council from past week.

👉TLDR

🚨Spartan Council Election Panel TOMORROW Dec. 21st astatine 10pm UTC!! Event RSVP here
Andromeda: archetypal motorboat integrators volition see Kwenta and Polynomial
Infinex is readying an invite-only Alpha motorboat for Base
Parameters volition enactment choky for this until astatine slightest the opening of adjacent year
Markets: aggregate integrators are actively investigating Perps trading connected Base goerli and L1 Perps is pending its last audit feedback.
SIP-2044: List ORDI connected Synthetix Perps presentation recap
SIP-2045: List JITO connected Synthetix Perps presentation recap
SIP-2046: List Axelar Token (AXL) connected Synthetix Perps presentation recap
SIP-352: Deploy SNX token arsenic xERC20 for crosschain bridging presentation recap

Spartan Council and SIP updates

Present astatine the December 13, 2023 Spartan Council Weekly Project Sync:
Spartan Council: Adam, Burt, cyberduck, Genefaesius.eth (Gene), Jackson,
Core Contributors: Afif, Cavalier, David, joey, KALEB, Matt, Max, Mike, Nikita, Steve, troy

The last investigating of Andromeda is implicit and the contracts person been deployed to mainnet. SIP-348, which outlines the Andromeda merchandise configuration, aims for a blimpish archetypal deployment mostly for integrators to execute trial transactions connected mainnet. Launch integrators volition see Kwenta and Polynomial, and Infinex is readying an invite-only Alpha motorboat for Base arsenic well.

These volition apt enactment choky until astatine slightest the opening of adjacent year, but determination is nary acceptable docket yet. Improvements are besides being made to the deployment process and the CCs are assisting integrators connected testnet.

And arsenic a speedy markets update, aggregate integrators are actively investigating Perps trading connected Base goerli and L1 Perps is pending its last audit feedback.

Next up, determination were a fewer SIP presentations past week, truthful let’s concisely reappraisal them:

SIP-2044: List ORDI connected Synthetix Perps

This SIP proposes listing ORDI connected Synthetix Perps
ORDI is simply a BRC-20 token, which would beryllium the archetypal listing of its benignant connected Synthetix
Adam questioned whether an plus connected different concatenation would make immoderate challenges for the indebtedness excavation if the full token level were to neglect oregon beryllium unopen down

— This has not been a interest for erstwhile listings arsenic they person each been ERC-20, and an ERC-20 nonaccomplishment would beryllium a catastrophic lawsuit for the protocol anyway

— The vulnerability would beryllium constricted to the OI headdress of that listing

— Burt besides brought up that for this listing specifically, a bitcoin fork that unopen down BRC-20 tokens would beryllium announced up of clip which would springiness the assembly a model to react

— Adam would inactive similar to person the model successful spot earlier committing to listing the asset

SIP-2045: List JITO connected Synthetix Perps

SIP proposes listing JITO connected Synthetix Perps
JITO, which launched conscionable a mates of weeks ago, is simply a validator governance token for Solana

SIP-2046: List Axelar Token (AXL) connected Synthetix Perps

SIP proposes listing AXL connected Synthetix Perps
Axelar delivers unafraid cross-chain connection for Web3. Axelar precocious got listed connected Upbit spot marketplace and Bybit Futures which is an accidental to grow offering connected Synthetix Perps.

All 3 of these listings were picked based connected measurement and Perps availability connected different exchanges.

SIP-352: Deploy SNX token arsenic xERC20 for crosschain bridging

This SIP proposes deploying SNX xERC20 and Lockbox to facilitate bridging betwixt Ethereum and Base and let for further accelerated span solutions portion retaining sovereignty
The biggest quality betwixt this SIP and different bridging proposals truthful acold is that it proposes creating an SNX bridging modular that would let the protocol to support afloat power of the token
The solution would inactive beryllium compatible with different third-party bridges
Adam added that the Spartan Council has decided to enactment a clasp connected immoderate integrations with non-canonical bridges until the CCs are satisfied with the archetypal investigating connected Base, truthful this SIP volition beryllium connected clasp until then