SIP-2028: Add WLD to Perps V2
Author | |
---|---|
Status | Implemented |
Type | Governance |
Network | Optimism |
Implementor | TBD |
Release | TBD |
Proposal | Loading status... |
Created | 2023-07-25 |
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
Copyright and related rights waived via CC0.