From 7d2366158f7f6604ce2b490ef3ed7fc11425b470 Mon Sep 17 00:00:00 2001
From: Fenway-snx <181822346+Fenway-snx@users.noreply.github.com>
Date: Thu, 26 Sep 2024 05:39:04 +1000
Subject: [PATCH] Status change and fix formatting error

---
 content/sips/sip-408.md | 6 +++---
 1 file changed, 3 insertions(+), 3 deletions(-)

diff --git a/content/sips/sip-408.md b/content/sips/sip-408.md
index 1bfd9d1e6..03080a733 100644
--- a/content/sips/sip-408.md
+++ b/content/sips/sip-408.md
@@ -2,7 +2,7 @@
 sip: 408
 title: Synthetix Referendum
 author: Fenway
-status: Draft
+status: Implemented
 created: 2024-09-17T00:00:00.000Z
 network: Ethereum
 type: Meta-Governance
@@ -21,8 +21,8 @@ The SIP aims to improve the governance structure of the Synthetix protocol by in
 
 ## Motivation
 To make Synthetix governance more robust, there must be a mechanism for SNX token holders to vote on proposals (i.e. Referendums). There are two important scenarios where a referendum can be effective and improve the robustness of Synthetix Governance:
---1. The Spartan Council can refer proposals of the utmost significance to the ultimate Synthetix stakeholder, the SNX token holder.
---2. Proposals that may conflict with or not be aligned with the perspectives or motivations of the Spartan Council can be proposed via a referendum.
+1. The Spartan Council can refer proposals of the utmost significance to the ultimate Synthetix stakeholder, the SNX token holder.
+2. Proposals that may conflict with or not be aligned with the perspectives or motivations of the Spartan Council can be proposed via a referendum.
 
 ## Specification
 A SNX token holder referendum can be proposed by any community member. For an SR to be merged and included on the SIP website, proof of a soft quorum (i.e. 10m SNX - configurable by SCCP) must be provided to a SIP editor. This prevents spam referendums and ensures community discussion is focused on impactful and supported change.