SCCP-36: Increase Fees on Stock Synths 50 bp
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Implementor | TBD |
| Release | TBD |
| Discussions-To | <https://research.synthetix.io/t/increase-fees-on-stock-synths-50-bp/103> |
| Created | 2020-07-18 |
Simple Summary
Increase the fees on trades into sNIKKEI and sFTSE.
Abstract
As per sip-56 each synth can now have its own fee levels. This SCCP suggest to raise the fees on stock synths to 50 bp.
Motivation
Analysis of on-chain data showed that front-running opportunities were more accessible for stock synths. Increasing the fees to 50 bp should shrink that window significantly and bolster the protection until sip-52 is implemented.
Copyright
Copyright and related rights waived via CC0.