SIP-2028: Add WLD to Perps V2

Author
StatusImplemented
TypeGovernance
NetworkOptimism
ImplementorTBD
ReleaseTBD
ProposalLoading status...
Created2023-07-25

Simple Summary

Add Worldcoin as a market under Perps V2

Abstract

This is proposal to offer WLD futures which tracks the price of respective cryptocurrency.

Motivation

Adding WLD token allows Synthetix to offers liquid market for tail-end asset such as WLD.

Specification

Worldcoin currently has no perpetual market offered by Tier-1 exchange and has following spot volume from Coingecko.

Exchange 24h Volume (USD)
Binance 153,082,772
Huobi 72,963,670
OKX 37,544,244
Bybit 23,348,715
Kucoin 12,291,798

Rationale

WLD token is utility token under Worldcoin which are distributed weekly from user verified on World ID system. It also acted as governance token for Worldcoin.

Technical Specification

Implementation requires implementing off-chain oracle price feeds from Pyth Network and backup on-chain oracles from Chainlink.

Configurable values (read below) will be set in a subsequent SCCP for each market.

Test Cases

N/A

Configurable Values (Via SCCP)

All Perps V2 configurable values will be set in subsequent SCCPS for each market.

"makerFee": "",
"takerFee": "",
"takerFeeDelayedOrder": "",
"makerFeeDelayedOrder": "",
"takerFeeOffchainDelayedOrder": "",
"makerFeeOffchainDelayedOrder": "",
"maxLeverage": "",
"maxMarketValue": "",
"maxFundingVelocity": "",
"skewScale": "",

"nextPriceConfirmWindow": "",
"delayedOrderConfirmWindow": "",
"minDelayTimeDelta": "",
"maxDelayTimeDelta": "",
"offchainDelayedOrderMinAge": "",
"offchainDelayedOrderMaxAge": "",
"offchainPriceDivergence": "",

Copyright and related rights waived via CC0.