Why this rating: SR-2 'Synthetix Reboot' consolidated all councils into a single 7-seat Spartan Council (4 elected seats — Treasury + 3 Advisory — elected by SNX stakers on 6-month terms; Strategy/Technical/Ops seats hired by the elected seats). On-chain council elections + Snapshot (snxgov.eth) for SIPs/SCCPs; treasury administered by the Treasury seat via multisig — procedural rights real, economic rights roadmap-only. GSA-3 near-miss: 2026 roadmap commits ALL fee revenue to SNX/sUSD buybacks (Q1 2026); Blockworks 2026-H2 transparency filing: no formalizing SIP located — not contract-verified; Historic V2 fee-pool-to-stakers contract mechanism superseded by SIP-423 staking reform (sUSD retirement)
GSA-3 near-miss: 2026 roadmap commits ALL fee revenue to SNX/sUSD buybacks (Q1 2026); Blockworks 2026-H2 transparency filing: no formalizing SIP located — not contract-verified
No proposal history is available for Synthetix in the current scanner window.
Metrics
Curated metric — next quarterly update. On-chain revenue, treasury, and distribution-enforcement reads are not yet wired for this DAO's space in the Institute's state files; the quarterly re-assessment cycle will populate this block.
New entry (Rights 50+ batch 2). SR-2 (2024-09-24, Implemented) consolidated multi-council structure into single 7-seat Spartan Council; 2026 roadmap commits all fee revenue to SNX/sUSD buybacks (not yet formalized as SIP per Blockworks).