SCCP 34: Binary Options fees distribution Source

AuthorDanijel
Discussions-Tohttps://discord.gg/e9c5Cs
StatusWIP
Created2020-07-05

This is the template for SCCPs.

Simple Summary

SNX stakers take no risk in binary options, while market creators have to provide the initial and unwithdrawable 1000sUSD while also adhering to the skew rules and pay for the gas to create the market. With this in mind the 0.8% to 0.2% distribution of fees doesn’t seem fair.

Abstract

Proposal to split the bid fees equally between the market creator and the SNX stakers.

Motivation

Copyright and related rights waived via CC0.