Record SNX mint amount and snapshot blocks in SIP-423 - #2256
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Phase 2 is complete and the holder snapshot has been taken, so the Phase 3 mint cap is now a known quantity rather than a formula: - Maximum Mint set to 236,464,356 SNX (was "total eligible entitlement from snapshot"), with the 59,116,089 sUSD entitlement it derives from at the 4:1 conversion ratio. - Snapshot/suspension blocks pinned per chain: 25473065 on Ethereum (chain 1), 153868527 on Optimism (chain 10). - Simple Summary and the Configurable Values cutoff-block row updated to match. Co-Authored-By: Claude Opus 5 (1M context) <noreply@anthropic.com>
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kai-reed
approved these changes
Aug 16, 2026
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Phase 2 of SIP-423 is complete and the holder snapshot has been taken, so the Phase 3 mint cap is now a known quantity rather than a formula.
Changes
236,464,356 SNX, replacing "Total eligible entitlement from snapshot", with a note giving the59,116,089sUSD entitlement it derives from at the 4:1 conversion ratio.25473065on Ethereum (chain 1),153868527on Optimism (chain 10). The SIP defines the cutoff as the suspension block, so these are recorded in both the Phase 3 minting table and the Configurable Values row that previously read "Pin per chain at activation".The figure includes sUSD held in LP pools and other deposit contracts, so the Treasury claims process in Phase 2 re-attributes entitlement already counted in this total rather than adding to it. The cap is final.
Note for reviewers
This documents the outcome of a completed snapshot on a SIP already at
Implemented. The mint total was not stated numerically at the time of the vote, so please confirm this reads as recording the snapshot result and not as a material post-vote change. The block numbers were supplied from the snapshot process and are worth checking against the actual suspension transactions on each chain.🤖 Generated with Claude Code