SCCP-244: Increase exchange fees for sSOL
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Optimism |
| Implementor | TBD |
| Release | TBD |
| Proposal | Loading status... |
| Created | 2022-11-10 |
Simple Summary
Increase exchange fees for sSOL
Abstract
This SCCP proposes to increase exchange fees for sSOL from 35 bp to 200 bp.
Motivation
Global liquidity for SOL is lower than that of other assets supported on Synthetix. This decrease in liquidity creates an opportunity for market manipulation and presents a risk to stakers. This SCCP proposes to increase exchange fees such that the cost of large trades more closely reflects current market conditions.
Copyright
Copyright and related rights waived via CC0.