From a359936cb4b1ce1a539b0b5fbaf096f7c65e3a10 Mon Sep 17 00:00:00 2001
From: acyberduck <110026703+acyberduck@users.noreply.github.com>
Date: Wed, 21 Aug 2024 23:03:54 +0200
Subject: [PATCH] Update sip-385.md

added clarity on how the fees held by TC are to be used
---
 content/sips/sip-385.md | 4 ++--
 1 file changed, 2 insertions(+), 2 deletions(-)

diff --git a/content/sips/sip-385.md b/content/sips/sip-385.md
index faff86995..a6271afbf 100644
--- a/content/sips/sip-385.md
+++ b/content/sips/sip-385.md
@@ -1,7 +1,7 @@
 ---
 sip: 385
 title: Universal perps v3 fee sharing model
-network: Ethereum & Arbitrum
+network: Arbitrum
 status: Draft
 type: Governance
 author: cyberduck (@acyberduck)
@@ -13,7 +13,7 @@ proposal: >-
 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.