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The Synthetix Foundation is about to close, and the Synthetix protocol will hand over three DAOs

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Synthetix published an article on 28 July announcing that the Synthetix Foundation was in the process of being dissolved.

Rhythmed BlockBeats message, synthetic asset issuance Agreement & NBSP; Synthetix An article published on 28 July announced that the Synthetix Foundation was in the process of being dissolved. Rhythm understands that the Synthetix Foundation has been in liquidation since 30 June 2020, has gradually reduced the foundation's role in the agreement over the past six months, and has completed transition work in recent weeks.

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At present, Synthetix protocol is regulated by protocolDAO, GrantsDAO and synthetixDAO. ProtocolDAO controls protocol upgrades and variable configuration, GrantsDAO funds the Synthetix ecosystem, and synthetixDAO manages and deploys funds to contributors and other required projects.

Text link:https://blog.synthetix.io/synthetix-foundation-decommissioned/

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