Synthetix

A New Era of Synthetix Governance

Synthetix is a decentralized protocol governed by a streamlined Spartan Council, combining community-elected members with appointed experts to ensure every decision reflects the collective voice of its users

GOVERNING STRUCTURE

Spartan Council

A consolidated council of 7 delegates, each with equal voting power, replacing the previous multi-council structure for more effective decision-making

1 Treasury Seat

Manages protocol-owned assets and oversees financial stability, serving as a required signer for all Treasury-related proposals and transactions

3 Advisory Seats

Provides expert guidance and diverse perspectives to the council, offering insights on various aspects of the protocol's governance, development, and ecosystem growth.

1 Strategy Seat

Leads the strategic direction of Synthetix, focusing on long-term vision and high-level decision-making to ensure the protocol's growth and relevance in the DeFi ecosystem.

1 Technical Seat

Oversees the technical aspects of Synthetix, guiding protocol development, evaluating technical proposals, and ensuring the robustness and security of the system.

1 Operations Seat

Manages day-to-day operations of Synthetix, coordinating between different teams and ensuring efficient execution of approved initiatives and developments.

Synthetix Vision 2025

Our new roadmap and vision realign our efforts, increase awareness in the crypto community, and set clear objectives for Synthetix's future.

How does Governance work?

Council Composition

7 seats: Strategy, Ops, Technical, Treasury, and 3 Advisory roles. Each seat carries equal voting weight of 1.00.

Decision Making

4/7 signatures required for approval of SIPs, SCCPs, STPs, and Treasury Transactions, ensuring thorough consideration of all proposals.

Election Cycle

6-month terms for elected seats, with elections held in October and April, balancing continuity with fresh perspectives.

Learn more about Synthetix Governance

Explore Synthetix's governance system. Learn how decisions are made through our community-elected councils and proposals (SIPs and SCCPs) by visiting our documentation and joining the conversation on Discord.

SYNTHETIX GOVERNANCE

Participate in Governance

Play a pivotal role in Synthetix Governance. As a staker, your votes in council elections and contributions to proposals are essential, steering the protocol's direction and evolution.

Want to hear all about Governance updates?

Learn more about governance by reading the documentation on each council and how they interact with each other