An investor's proposal to "thoroughly reform" Synthetix received 99% vote support

Golden Finance reported that an activist investor plans to completely "restart" the DeFi protocol Synthetix and save it from becoming a "zombie" chain. The proposal has received more than 99% voter support. In the SR-2 proposal submitted recently, Benjamin Celermajer outlined a plan to "completely overhaul" and improve Synthetix's governance and daily operations. Celermajer said that despite the recent recovery of the broader crypto market, Synthetix has failed to build momentum or witness any sustained adoption due to major flaws in its governance and daily operations. He added that this has caused the Synthetix protocol to miss several major opportunities, and its development has been harmed by delays in product releases and a "lack of vision." As of press time, the proposal has received almost unanimous support from SNX holders, with 99.4% of the 200 holders (18 million SNX) voting in favor of the proposal. (Cointelegraph)