SCCP 47: Raise Fees on Crypto Synths to 50 bp Source

AuthorKaleb Keny
Discussions-Tohttps://research.synthetix.io/
StatusImplemented
Created2020-09-14

Simple Summary

Raise fees on synths sXTZ, sXRP, sLTC, sADA, sBCH, sBNB, sLINK, sETH and sBTC and their respective inverses to 50 bp from 30 bp.

Abstract

Increase fees to 50 bp on synths which are pushed with a 1% deviation threshold.

Motivation

Analysis of on-chain data showed that front-running opportunities still exist with post migration to chainlink price oracles. Increasing fees to 50 bp on synths with a 1% deviation threshold push should help close this window while waiting for further changes to the oracle.

Copyright and related rights waived via CC0.