Synapse: governance proposal live to route Hypercall fees to SYN buybacks and SLP vault - 25 Sep 2026

A governance proposal is live on Synapse to allocate 70% of Hypercall fees to SYN buybacks and 30% to the SLP market-making vault. Token holders vote on the measure, which has not yet been enacted.If approved, the split would create a direct value-accrual channel from platform activity to SYN holders, since buybacks scale with Hypercall fee volume. The remaining 30% would fund the SLP vault's market-making operations.The outcome depends on the vote and on demonstrated fee scale. Until Hypercall generates measurable fee revenue, the buyback thesis remains structural rather than proven, and holders should weigh the proposal's terms against actual platform usage.Where would the fees go?A proposal is live: 70% of Hypercall fees to buybacks, 30% to SLP, a market-making vault.Not enacted. Token holders vote.