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Update sip-385.md (#2071)
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added clarity on how the fees held by TC are to be used
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acyberduck authored Aug 21, 2024
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---
sip: 385
title: Universal perps v3 fee sharing model
network: Ethereum & Arbitrum
network: Arbitrum
status: Draft
type: Governance
author: cyberduck (@acyberduck)
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This SIP introduces a universal fee-sharing mechanism between LPs, integrators and protocol.

## Abstract
Introduce a fee-sharing mechanism for liquidity providers, the protocol's treasury, and integrators of the Synthetix Perps v3 deployment on any existing and future chain. Liquidity providers will earn 40% of the fees, integrators will earn a 20% fee for trades processed through their integration, and the remaining 40% will be sent to Synthetix Treasury.
Introduce a fee-sharing mechanism for liquidity providers, the protocol's treasury, and integrators of the Synthetix Perps v3 deployment on any existing and future chain. Liquidity providers will earn 40% of the fees, integrators will earn a 20% fee for trades processed through their integration, and the remaining 40% will be sent to Synthetix Treasury to hold onto for distribution to SNX stakers as instructed by Spartan Council in near future.

## Motivation
This fee distribution model follows a proven model already in place on Synthetix's Base deployment, enabling increasing trading volumes by front-end integrators.
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