The Adhara release

- Advertisement -


The Adhara release


You’ve successfully subscribed to Synthetix Blog


Great! Next, complete checkout for full access to Synthetix Blog


Welcome back! You’ve successfully signed in.


Success! Your account is fully activated, you now have access to all content.

The Adhara release

Today (Tuesday, December 1, ~01:00 UTC) an upgrade is being deployed with a major protocol improvement. During this time, which is expected to take up to 1-2 hours, users may be unable to interact with the system, including using Mintr, Kwenta, or Synthetix.Exchange, and transferring SNX or Synths.

Here’s what is included in this release:

  • SIP-98: Re-implement double exchange fee rate on swing trades — Double the exchange fee rate on any swing trade. That is any move to or from an sSynth to an iSynth. e.g. sTRX <> iBTC or iETH <> sBNB. The one Synth excluded from this is sUSD — moving in or out of sUSD will not double the fee.
    It has been observed that there are possibilities to front-run real world prices and the on-chain oracle prices between the long sSynth and the iSynth, without moving in between sUSD which would incur a 30bps fee to sell the short or long position first before opening a swing trade.
  • SIP-99: Upgrade sOIL to use diversified Chainlink aggregator — This SIP diversifies the amount of data sources Synthetix uses for the oil feed to help decentralize the reliability of the oil prices.
    [This update was pushed yesterday after being approved by the community governance process but is being bundled into this announcement]

It is not expected that the protocol’s downtime will impact the Spartan Council election, which queries a voter’s SNX staking debt at the last fee period snapshot.

This release is called ‘Adhara,’ which like all releases is named after a star (in order of visual magnitude). If you’ve got any comments or questions about the release, please come join the conversation in Discord.


Synthetix



Source link

- Advertisement -
Mr Bitcointe
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
467FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,558FollowersFollow
2,230SubscribersSubscribe
USD - United States Dollar
EUR
1.21
GBP
1.37
CHF
1.12
NOK
0.12
JPY
0.01
CAD
0.79
AUD
0.78

Most Popular

bitcoin
Bitcoin (BTC) $ 34,827.00
ethereum
Ethereum (ETH) $ 1,343.64
ripple
XRP (XRP) $ 0.292095
tether
Tether (USDT) $ 0.994956
bitcoin-cash
Bitcoin Cash (BCH) $ 486.95
bitcoin-cash-sv
Bitcoin SV (BSV) $ 194.78
litecoin
Litecoin (LTC) $ 145.35
eos
EOS (EOS) $ 2.74
binancecoin
Binance Coin (BNB) $ 41.88
okb
OKB (OKB) $ 6.35
tezos
Tezos (XTZ) $ 2.84
leo-token
LEO Token (LEO) $ 1.39
cardano
Cardano (ADA) $ 0.368465
monero
Monero (XMR) $ 149.29
stellar
Stellar (XLM) $ 0.288986
chainlink
Chainlink (LINK) $ 21.46
huobi-token
Huobi Token (HT) $ 5.71
tron
TRON (TRX) $ 0.030078
usd-coin
USD Coin (USDC) $ 0.999013
dash
Dash (DASH) $ 118.99
neo
NEO (NEO) $ 25.50
iota
IOTA (MIOTA) $ 0.483321
nem
NEM (XEM) $ 0.232477
zcash
Zcash (ZEC) $ 96.55
maker
Maker (MKR) $ 1,388.18
paxos-standard
Paxos Standard (PAX) $ 0.997690
ethereum-classic
Ethereum Classic (ETC) $ 7.81
vechain
VeChain (VET) $ 0.034004
true-usd
TrueUSD (TUSD) $ 0.998687
ftx-token
FTX Token (FTT) $ 10.25
kucoin-shares
KuCoin Token (KCS) $ 1.15
waves
Waves (WAVES) $ 7.05