A new proposal looking to completely reboot DeFi protocol Synthetix has garnered 99.4% approval from community members.
An activist investor’s plan to completely “reboot” decentralized finance protocol Synthetix and save it from becoming a “zombie” chain has now garnered over 99% approval from voters.
In a Sept. 25 SR-2 proposal, Benjamin Celermajer outlined a plan to “completely overhaul” and improve the governance and day-to-day operations of Synthetix.
Despite the recent resurgence in the wider crypto market, Synthetix has failed to build momentum or witness any sustained adoption, due to major flaws in its governance and day-to-day operations, says Celermajer.
