Skip to content
New issue

Have a question about this project? Sign up for a free GitHub account to open an issue and contact its maintainers and the community.

Sign up for GitHub

By clicking “Sign up for GitHub”, you agree to our terms of service and privacy statement. We’ll occasionally send you account related emails.

Already on GitHub? Sign in to your account

Jump to bottom

Update sip-385.md #2071

Merged
merged 1 commit into from
Aug 21, 2024
Merged

Update sip-385.md #2071

Changes from all commits
Commits
Show all changes
1 commit
Select commit
File filter

Filter by extension

Filter by extension
Conversations
Failed to load comments.
Loading
Jump to
Jump to file
Failed to load files.
Loading
Diff view
Diff view
4 changes: 2 additions & 2 deletions content/sips/sip-385.md
View file
Open in desktop
Original file line number Diff line number Diff line change
@@ -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)
Expand All @@ -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.
Expand Down
Loading