The Altair launch

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The Altair release

This Friday (June 5, 12am midnight UTC), we’re deploying an improve with a number of protocol enhancements. The system shall be down for a number of hours whereas the improve is deployed. Throughout this time, customers shall be unable to work together with the system, together with utilizing Mintr or Synthetix.Alternate, and transferring SNX or Synths.

This is what’s included on this launch:

  • SNX liquidation mechanism (SIP-15) — This replace creates a liquidation mechanism for under-collateralised staked SNX to be redeemable for Synths at a reduced worth (liquidation penalty payment). That is designed to extend confidence within the system for causes outlined within the SIP.
  • Differential charges (SIP-56) — This replace offers the protocolDAO the power to configure completely different change payment charges for every Synth by SCCP’s. This permits completely different asset varieties to be priced pretty towards typical market change charges.
  • Everlasting read-only proxy for the AddressResolver (SIP-57) — This replace creates a everlasting read-only proxy to the most recent AddressResolver occasion, which third-party contracts can then reference of their code and be assured their code will work with future variations of the AddressResolver.

This launch known as ‘Altair,’ which like all releases is known as after a star (so as of visible magnitude). Should you’ve obtained any feedback or questions in regards to the launch, please come be part of the dialog in Discord.



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