SCCP-145: Increase L2 ETH Wrappr Minting Fee to 250 bp

Author
StatusImplemented
TypeGovernance
ImplementorTBD
ReleaseTBD
Discussions-Tohttps://discord.gg/EWmYsH7X
Created2021-11-04

Simple Summary

The SCCP aims at increasing the minting fee on the ETH Wrappr to 250 bp.

Abstract

Increase the L2 ETH Wrappr minting fee to 250 bp will improve value capture to snx stakers, given the increased demand for synths on L2 for farming.

Motivation

In order to maximize the revenue for snx stakers and leave less money on the table, this sccp proposes to increase the ETH Wrappr minting fee to 250 bp.

Copyright and related rights waived via CC0.