SCCP-203: Increase ETH Wrappr Burn Fee Rate to 5%
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Ethereum |
| Implementor | TBD |
| Release | TBD |
| Proposal | Loading status... |
| Created | 2022-06-19 |
Simple Summary
Increase the burnFeeRate from 5 bp to 5% on the ETH wrapper on ethereum
Abstract
The burnFeeRate is paid to snx stakers for burning sETH to unlock the ETH.
Motivation
The main motivation is to lock in the amount of synth liquidity circulating on ethereum and maximize the exchange volume that results from arbitrage across the different curve LPs.
Copyright
Copyright and related rights waived via CC0.