{"id":26571,"date":"2020-07-28T20:29:41","date_gmt":"2020-07-28T17:29:41","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=26571"},"modified":"2025-08-26T15:09:47","modified_gmt":"2025-08-26T12:09:47","slug":"synthetix-shifts-to-a-decentralized-governance-model","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/synthetix-shifts-to-a-decentralized-governance-model\/","title":{"rendered":"Synthetix shifts to a decentralized governance model"},"content":{"rendered":"<p>The largest platform for decentralized derivatives, Synthetix, has moved to a decentralized governance model. According to the <a href=\\\"https:\/\/blog.synthetix.io\/synthetix-foundation-decommissioned\/\\\" target=\\\"_blank\\\" rel=\\\"noopener noreferrer\\\">\u0431\u043b\u043e\u0433\u0435 \u043f\u0440\u043e\u0435\u043a\u0442\u0430<\/a>.<\/p>\n<p><!--more--><\/p>\n<p>The Synthetix Foundation, the entity behind the project, is to be wound up. Instead, governance will pass to three decentralized autonomous organizations (DAOs):<\/p>\n<ul>\n<li>ProtocolDAO \u2014 oversees protocol updates and configuration;<\/li>\n<li>grantsDAO \u2014 is responsible for funding various initiatives;<\/li>\n<li>synthetixDAO \u2014 oversees settlements with participants.<\/li>\n<\/ul>\n<p>Against the backdrop of the news and the broader uptrend in the market, the Synthetix Network token has risen nearly 16% in the last 24 hours.<\/p>\n<p><img loading=\\\"lazy\\\" decoding=\\\"async\\\" class=\\\"aligncenter wp-image-105774 size-full\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/Screenshot_1-115.png\\\" alt=\\\"DeFi-\u043f\u0440\u043e\u0435\u043a\u0442 Synthetix \u043f\u0435\u0440\u0435\u0448\u0435\u043b \u043d\u0430 \u0434\u0435\u0446\u0435\u043d\u0442\u0440\u0430\u043b\u0438\u0437\u043e\u0432\u0430\u043d\u043d\u0443\u044e \u043c\u043e\u0434\u0435\u043b\u044c \u0443\u043f\u0440\u0430\u0432\u043b\u0435\u043d\u0438\u044f\\\" width=\\\"1188\\\" height=\\\"435\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/Screenshot_1-115.png 1188w, https:\/\/u1f987.com\/wp-content\/uploads\/Screenshot_1-115-300x110.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Screenshot_1-115-1024x375.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Screenshot_1-115-768x281.png 768w\\\" sizes=\\\"auto, (max-width: 1188px) 100vw, 1188px\\\" \/><\/p>\n<p>The project has also returned to third place in the DeFi Pulse ranking:<\/p>\n<p><img loading=\\\"lazy\\\" decoding=\\\"async\\\" class=\\\"aligncenter wp-image-105773 size-full\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/defi-pulse-4.png\\\" alt=\\\"DeFi-\u043f\u0440\u043e\u0435\u043a\u0442 Synthetix \u043f\u0435\u0440\u0435\u0448\u0435\u043b \u043d\u0430 \u0434\u0435\u0446\u0435\u043d\u0442\u0440\u0430\u043b\u0438\u0437\u043e\u0432\u0430\u043d\u043d\u0443\u044e \u043c\u043e\u0434\u0435\u043b\u044c \u0443\u043f\u0440\u0430\u0432\u043b\u0435\u043d\u0438\u044f\\\" width=\\\"897\\\" height=\\\"754\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/defi-pulse-4.png 897w, https:\/\/u1f987.com\/wp-content\/uploads\/defi-pulse-4-300x252.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/defi-pulse-4-768x646.png 768w\\\" sizes=\\\"auto, (max-width: 897px) 100vw, 897px\\\" \/><\/p>\n<p>The amount of Ethereum locked in Synthetix smart contracts stands at $477.2 million.<\/p>\n<p>Earlier, the DeFi project Aave displaced the lending protocol Compound from the second spot on DeFi Pulse.<\/p>\n<p>Follow ForkLog news on <a href=\\\"https:\/\/www.facebook.com\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The largest platform for decentralized derivatives, Synthetix, has moved to a decentralized governance model. This was reported in the project&#8217;s blog.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[80,1093,1322],"class_list":["post-26571","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-dao","tag-defi","tag-synthetix"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/26571","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=26571"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/26571\/revisions"}],"predecessor-version":[{"id":26572,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/26571\/revisions\/26572"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=26571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=26571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=26571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}