Synthetix, the synthetic Asset distribution protocol, will be upgraded to Spica at 8:00 on July 30

The Spica version will be updated at 8:00 a.m. on July 30. During the deployment of the upgrade, users will not be able to use Mintr, Synthetix.Exchange and SNX transfers.

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This upgrade will include the following:

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Sip-35, SCCP-27: Second ethereum collateral trial: The first Ethereum collateral trial was completed, the second trial reduced the Ethereum collateral rate from 150% to 125%, and fixed bugs in the first trial. This brings a number of benefits to the agreement, including diversified collateral and more Synths in the system. There will be a limit of 5000 ETH as collateral.

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Sip-44: Settlement Improvements: Minor modifications have been made to the settlement process for the exchange rate deployment.

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Sip-54: Price limit order: The trading platform will add price limit order function.

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Sip-58: Rebate Update: To help users track the cost of a single transaction rebate, this protocol will be activated during the settlement period and will match the amount of each settled transaction.

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Sip-65: Decentralized Circuit Breaker - the circuit breaker is integrated into each synthesizer and the synthesizer is suspended if any of the asset prices involved in the synthesis change by more than a certain percentage.

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Sip-68: Equity Award Enhancement: Improved equity Award contract.

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Sip-69: New index synthesizer: Updated current index tokens S /iDeFi and S /iCEX with community feedback, adding more assets to create more related indexes.

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Text link:https://blog.synthetix.io

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