The Spica launch

This Thursday (July 30, starting round 12am midnight UTC), we’re deploying an improve with a number of protocol enhancements. The system will likely be down for up to some hours whereas the improve is deployed. Throughout this time, customers could also be unable to work together with the system, together with utilizing Mintr or Synthetix.Alternate, and transferring SNX or Synths.

Here is what’s included on this launch:

• SIP-35, SCCP-27: Ether collateral second trial — Now that the primary Ether collateral trial is full, we will likely be launching a second trial that includes the collateralisation ratio replace from 150% to 125%. The second trial additionally provides the repair to the beforehand disclosed bug within the first trial. This has a spread of advantages for the protocol, together with diversified collateral and extra Synths within the system. There will likely be a cap of 5000 ETH locked as collateral.
• SIP-44: Settlement Enhancements — Minor modifications to the settlement course of for alternate charges deployments.
• SIP-54: Restrict Orders — This SIP provides restrict order performance to Synth exchanges.
• SIP-58: Emit particular person Reclaim and Rebate occasions — With the intention to assist customers monitor charges claimed or rebated from particular person transactions, this SIP means the protocol will emit occasions throughout settlement that match every particular person alternate being settled with the quantity reclaimed or rebated.
• SIP-65: Decentralized circuit breaker — This SIP introduces a security measure by integrating a circuit breaker into every alternate. If the value of both Synth being exchanged has modified by greater than a selected proportion the Synth will likely be suspended.
• SIP-68: Staking Rewards Enhancements — Quite a few minor enhancements to the staking rewards contract.
• SIP-69: New Index Synths — This SIP incorporates neighborhood suggestions to replace the present index tokens s/iDeFi and s/iCEX to incorporate extra belongings to create extra related compositions reflecting every area.

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