SCCP 36: Increase Fees on Stock Synths 50 bp Source

AuthorKaleb Keny
Discussions-To<https://research.synthetix.io/t/increase-fees-on-stock-synths-50-bp/103>
StatusImplemented
Created<2020-07-18>

Simple Summary

Increase the fees on trades into sNIKKEI and sFTSE.

Abstract

As per sip-56 each synth can now have its own fee levels. This SCCP suggest to raise the fees on stock synths to 50 bp.

Motivation

Analysis of on-chain data showed that front-running opportunities were more accessible for stock synths. Increasing the fees to 50 bp should shrink that window significantly and bolster the protection until sip-52 is implemented.

Copyright and related rights waived via CC0.