SNXweave Weekly Recap 145

July 10, 2024

The next publish incorporates a recap of stories, initiatives, and vital updates from the Spartan Council, Core Contributors, and Ambassador Council from final week.

👉TLDR

Multi-collateral perps margin: On check web and in audit. CCs are working with integrators to iron out timelines and determine how will probably be included within the Arbitrum launch.Degenthetix: Work is in progress, might be launched on Base within the subsequent 2 weeks. Launch plan: separate UI/URL for customers to commerce these new listings & Kwenta is prioritizing a extra elegant resolution.L1 migration: Ought to obtain inexperienced gentle from auditors this week.L1 perps: Within the course of of getting its audit suggestions processed.Arbitrum: Scaling up properly with attractive rewards which are being distributed!SIP-2057: Dynamic Fuel Payment Module — Fjord presentation recapSIP-397: Transaction Prices based mostly Rewards — Perps V3 — Fjord presentation recap

Spartan Council and SIP updates

Current on the July 3, 2024 Spartan Council Weekly Undertaking Sync:Spartan Council: Cavalier, cyberduck, Jackson, Millie, ml_sudo, Snax Frens, snxmaximalistsCore Contributors: Fred, Jade, Kaleb, Marcus, Matt, meb, noah, troy

Whereas a number of members of the Synthetix staff are at EthCC in Brussels this week, we’ve received a fast replace for you guys! First up, multi-collateral perps margin is on check web now and in audit. The CCs are presently working with integrators to iron out timelines and determine how will probably be included within the Arbitrum launch.

Work can be in progress for Degenthetix and might be launched a while within the subsequent 2 weeks on Base. Proper now, the launch plan is to have a totally separate UI/URL for customers to commerce these new listings. The Kwenta staff will even be trying to prioritize a extra elegant resolution after assets are freed up from the continued effort to assist the Arbitrum launch.

Subsequent, the L1 migration ought to obtain the inexperienced gentle from auditors this week, and L1 perps is within the course of of getting its audit suggestions processed.

Lastly for work in progress updates, Arbitrum is scaling up properly with the attractive rewards which are being distributed!

There have been additionally a few SIP displays final week, so let’s go over them:

SIP-2057: Dynamic Fuel Payment Module — Fjord

Kaleb introduced this SIP, which proposes including a brand new dynamic fuel price module to interchange the one presently carried out in SIP-2055This SIP is in response to Optimism’s Fjord improve, which goals to decrease transaction prices even furtherThe Fjord improve consists of the RIP-7212 precompile, FastLZ fuel pricing, Brotli channel compression, and a number of other protocol parameter modifications and goes stay immediately, July tenth

SIP-397: Transaction Prices based mostly Rewards — Perps V3 — Fjord

This SIP proposes implementing a brand new fuel price logic, which can substitute the one presently in place beneath SIP-362Kaleb defined that that is one other change required to keep up compatibility following the Fjorde improve

Each of those SIPs are nonetheless in draft for now.