**News Flash: Synthetix Overhaul Plan Gains Massive Support**

Synthetix, a decentralized finance protocol, is set for a major reboot after an SR-2 proposal by activist investor Benjamin Celermajer received overwhelming support. The proposal, aimed at revamping governance and operations, secured 99.4% approval from 200 SNX holders, representing 18 million SNX tokens.

Key changes include:

- Redesigning the SNX token

- Enhancing the Layer-2 network, Snaxchain

- Deploying on Ethereum and Solana

- Launching a native stablecoin

Celermajer's plan consolidates governance into a single Spartan Council to streamline decision-making and boost innovation. The overhaul aims to restore Synthetix as a DeFi leader.