SIP-2024: Add ETC and COMP to Perps V2
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Optimism |
| Implementor | TBD |
| Release | TBD |
| Proposal | Loading status... |
| Created | 2023-06-30 |
Simple Summary
Add Ethereum Classic and Compound Token and as markets under Perps V2
Abstract
This is proposal to offer ETC, COMP futures which tracks the price of respective cryptocurrency.
Motivation
Adding those token allows Synthetix to offers more assets for onboarding more traders.
Specification
Data was obtained on June 30 via Coingecko from following exchange: Binance, OKX, dYdX, Phermex, Kucoin and Huobi.
| Symbol | Trading Volume (USD) | Binance | OKX | dYdX | Phermex | Kucoin | Huobi |
|---|---|---|---|---|---|---|---|
| ETC | 922,745,821.1 | ✅ | ✅ | ✅ | ✅ | ✅ | ✅ |
| COMP | 1,386,784,509.12 | ✅ | ✅ | ✅ | ❌ | ✅ | ❌ |
Rationale
- Ethereum Classic recently has high trading volume recently
- Compound Token is not traded on Optimism and recently has high trading volume from Superstate news
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
Copyright and related rights waived via CC0.