SCCP 48: Raise Fees on Crypto Synths to 100 bp Source

AuthorKaleb Keny
Discussions-Tohttps://research.synthetix.io/
StatusProposed
Created2020-09-16

Simple Summary

Raise fees on synths sXTZ, sXRP, sLTC, sADA, sBCH, sBNB, sLINK, sETH and sBTC and their respective inverses to 100 bp from 50 bp.

Abstract

Increase fees to 100 bp on synths which are pushed with a 1% deviation threshold.

Motivation

Analysis of on-chain data showed that front-running opportunities continue to persist even with fees at 50 bp. Increasing fees to 100 bp on synths with a 1% deviation threshold push should help close that window significantly, while waiting for further changes to the oracle and L2 to be implemented.

Copyright and related rights waived via CC0.