An important step in Kwenta governance has officially begun. Synthetix Spartan council voted to establish a temporary governing council for Kwenta until Kwenta community members were able to vote for nominees of their own, following the process outlined in SIP-178: Formalize Kwenta Interim Council in late 2021.
A token-holder elected council will replace the Kwenta Interim Council and make decisions on behalf of the DAO, further transitioning Kwenta to a fully decentralized governance structure. Once voted in the new council will be responsible for voting on Kwenta Improvement Proposals (KIPs), as well as deploying officially endorsed code to the Kwenta frontend via a 2/6 multisig.
Kwenta KIP-24 calls for, a council of 5 community members, elected via token holder vote, to make decisions on behalf of the DAO. Nominate yourself to be 1 of 5 Kwenta Council members by making an introduction in our Discord.
Nominations: Open from November 15th until 10:30 pm UTC on November 22nd until 10:30 pm
Candidate nominates themselves in the Kwenta Discord with a synopsis of why they would be a suitable member of the Kwenta Council
Elections: Open from November 22th until 10:30 pm UTC on November 29th until 10:30 pm
Top 5 nominations by # of $KWENTA elected as new Council
Transition: November 29th to December 1st
NFT issued and distributed to new council members
Replace old multisig signers with newly elected council
December 1st: Transition complete
Token-voted Council will now help act on behalf of the Kwenta community
If you haven't already, join the Kwenta community on Discord.
To be the first to learn about new updates to Kwenta, follow us on Twitter.
To trade synthetic assets and futures, visit Kwenta.
An important step in Kwenta governance has officially begun. Synthetix Spartan council voted to establish a temporary governing council for Kwenta until Kwenta community members were able to vote for nominees of their own, following the process outlined in SIP-178: Formalize Kwenta Interim Council in late 2021.
A token-holder elected council will replace the Kwenta Interim Council and make decisions on behalf of the DAO, further transitioning Kwenta to a fully decentralized governance structure. Once voted in the new council will be responsible for voting on Kwenta Improvement Proposals (KIPs), as well as deploying officially endorsed code to the Kwenta frontend via a 2/6 multisig.
Kwenta KIP-24 calls for, a council of 5 community members, elected via token holder vote, to make decisions on behalf of the DAO. Nominate yourself to be 1 of 5 Kwenta Council members by making an introduction in our Discord.
Nominations: Open from November 15th until 10:30 pm UTC on November 22nd until 10:30 pm
Candidate nominates themselves in the Kwenta Discord with a synopsis of why they would be a suitable member of the Kwenta Council
Elections: Open from November 22th until 10:30 pm UTC on November 29th until 10:30 pm
Top 5 nominations by # of $KWENTA elected as new Council
Transition: November 29th to December 1st
NFT issued and distributed to new council members
Replace old multisig signers with newly elected council
December 1st: Transition complete
Token-voted Council will now help act on behalf of the Kwenta community
If you haven't already, join the Kwenta community on Discord.
To be the first to learn about new updates to Kwenta, follow us on Twitter.
To trade synthetic assets and futures, visit Kwenta.
Synthetix ExchangeThe Kwenta Token Migration
The swap interface for migrating your KWENTA tokens to SNX is now live. This migration unlocks opportunities to participate in the Synthetix system and DAO, where your SNX tokens can be staked and used to help govern the protocol. Follow the simple steps below to ensure a smooth transition and start vesting your tokens today. For more details about the unification with Synthetix, check out this blog.Key Details About Token VestingTokens began vesting on November 12th, even if you haven’t depo...
Synthetix ExchangeKwenta x Synthetix: Next Steps
Following the unification announcement, we’re now entering the next phase of the transition. This stage focuses on streamlining token migration, refining incentives, and ensuring traders experience a smooth shift as Kwenta evolves into Synthetix Exchange.Social Media UpdatesKwenta’s community spaces are evolving to support this transition while ensuring traders and community members continue to have access to resources and support.Discord ChangesWhile most channels will be archived, key chann...
Synthetix ExchangeKwenta x Synthetix: A Unified Future
Today marks a monumental step forward for both Kwenta and Synthetix. Following the approval of KIP-138 by the Kwenta community and SIP-411 by the Synthetix community, the two projects will now reunite under a single mission: to build the most powerful decentralized derivatives platform in DeFi.Why Was This Decision Made?This unification brings Kwenta full circle. Originally launched in 2021 as an independent protocol through SIP-179, Kwenta was designed to be a dedicated front end for Synthet...
Synthetix ExchangeThe Kwenta Token Migration
The swap interface for migrating your KWENTA tokens to SNX is now live. This migration unlocks opportunities to participate in the Synthetix system and DAO, where your SNX tokens can be staked and used to help govern the protocol. Follow the simple steps below to ensure a smooth transition and start vesting your tokens today. For more details about the unification with Synthetix, check out this blog.Key Details About Token VestingTokens began vesting on November 12th, even if you haven’t depo...
Synthetix ExchangeKwenta x Synthetix: Next Steps
Following the unification announcement, we’re now entering the next phase of the transition. This stage focuses on streamlining token migration, refining incentives, and ensuring traders experience a smooth shift as Kwenta evolves into Synthetix Exchange.Social Media UpdatesKwenta’s community spaces are evolving to support this transition while ensuring traders and community members continue to have access to resources and support.Discord ChangesWhile most channels will be archived, key chann...
Synthetix ExchangeKwenta x Synthetix: A Unified Future
Today marks a monumental step forward for both Kwenta and Synthetix. Following the approval of KIP-138 by the Kwenta community and SIP-411 by the Synthetix community, the two projects will now reunite under a single mission: to build the most powerful decentralized derivatives platform in DeFi.Why Was This Decision Made?This unification brings Kwenta full circle. Originally launched in 2021 as an independent protocol through SIP-179, Kwenta was designed to be a dedicated front end for Synthet...
Kwenta has been acquired by Synthetix. Please follow along at https://blog.synthetix.io/ Trading is live at https://exchange.synthetix.io/
Kwenta has been acquired by Synthetix. Please follow along at https://blog.synthetix.io/ Trading is live at https://exchange.synthetix.io/
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