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Synthetix · closed proposal

SIP-424: Unstaked SNX voting for governance elections

0x1C82…F27D·ended 12d ago
🐳 Whale activity
Voters
4
SNX voted
4
Token price
$0.22

AI summary

Summary pending — generation runs every 15 minutes.

Voting results

For4 (100.0%)
Against0 (0.0%)
Abstain0 (0.0%)
4 SNX · 4 votersblock 25789637

🐳 Whale votes

4 votes > 5% VP
0x0def…13ea
15d ago · voted For
100.0%
1 VP
0xd5be…5ad7
15d ago · voted For
50.0%
1 VP
0x8525…75a9
14d ago · voted For
33.3%
1 VP
0x4640…3bea
13d ago · voted For
25.0%
1 VP

Full proposal

Original markdown · Synthetix

SIP-424 updates Spartan Council election voting so that all SNX holders can vote, not only SNX stakers. SIP-423 sUSD conversion entitlements yet to be claimed count as SNX voting power at the 4:1 conversion ratio. SIP-423 retired the 420 staking system and deferred the replacement staking contract. Until that contract is live, staking is not a usable basis for election voting power. This SIP replaces staker-only election voting with holder voting for all subsequent council elections, or until a later SIP restores the staking model.

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