Synthetix is now controlled by three DAOs

[Riya143]

Synthetix, the third-largest DeFi platform by assets locked, is now under the control of community-owned organizations, or DAOs.
The Synthetix Foundation, which since the project’s 2018 launch has largely controlled the direction of the synthetic assets platform, is winding down and three DAOs are taking over; protocolDAO, grantsDAO and synthetixDAO, the team said in a blog post last night.

Synthetix is holding almost $460 million in assets in its smart contracts, up more than 20x from a year ago, according to DeFi Pulse, and its token SNX is up more than 10x in that time to $3.2.
Read More: https://decrypt.co/37011/synthetix-is-now-controlled-by-three-daos