SIP-33: Deprecate XDR synth from Synthetix.

Author	Nocturnalsheet, Clinton Ennis
Status	Implemented
Type	Governance
Network	Ethereum
Implementor	TBD
Release	TBD
Created	2019-12-17

Simple Summary

Deprecate XDR synth from Synthetix to simplify representation and calculation of claimable fees in fee pool, Gas Optimisations and simplify the system mechanics.

Motivation

XDR has been used in Synthetix since the beginning as an unit of account, however most people are still not able to understand the purpose and calcuation of XDR and most importantly how the price of XDR is being derived.

With the implementation of SIP-29 - Issue, burn and claim only in sUSD, XDR is not required to be the unit of account anymore and sUSD can replace the role of XDR as the base unit of account.

This will help new users in Synthetix ecosystem to easily understand how fees are collected and distributed
Easier onchain checking and verification of current amount of fees claimable sitting inside fee pool
Allows for easier integration of third party dashboards/data analysis as they do not have to call the XDR value to sUSD to represent the USD value
No requirement for Chainlink decentraliized oracle to support.
System optimizations, gas savings on removing XDR from system mechanics
Reduce system complexity

Rationale

Reclaiming bytecode space from reduntant code using XDR as a unit of account and converting into sUSD.
Reducing all the XDR processing code will reduce the gas usage, saving on mint, burn, claimFees transactions.
Allows for full decentralised oracles in future as XDR price is a niche and likely to be unsupported by most oracles.

Specification

Synthetix Contract

exchange() fees will be collected in sUSD and stored as sUSD at the fee address making transactions on etherscan easier to read the fee paid
debtBalanceOf() calculations will be in sUSD

FeePool Contract

On MAINNET deploy, import recentFeePeriods[0-2].feesToDistribute with the exchange rate from XDR to sUSD
Temporary ownerOnly function to exchange all XDR's into sUSD at [fee address] which holds 100% of the XDR's
Swap all XDR implementation to sUSD. e.g. _payFees to remove all exchange from XDR code.