SCCP-129: SCCP-129 Increase exchange fees for s1INCH, sCOMP, and sCRV
| Author | |
|---|---|
| Status | Rejected |
| Type | Governance |
| Network | Ethereum |
| Implementor | TBD |
| Release | TBD |
| Created | 2021-07-06 |
Simple Summary
Increase exchange fees for s1INCH, sCOMP, and sCRV.
Abstract
This SCCP proposes to increase exchange fees for $1INCH, $COMP, and $CRV to 300 bp.
Motivation
Global liquidity for $1INCH, $COMP, and $CRV is lower than for that of other assets supported on Synthetix. For very large trades, stakers are currently providing liquidity for these assets that does not exist in the broader market, which can expose SNX stakers to undo risk and higher hedging costs. This SCCP proposes to increase exchange fees on these synths such that the cost of large trades more closely reflects current market conditions, while still providing far better trade execution than any other venue.
Copyright
Copyright and related rights waived via CC0.