sip | title | network | status | proposal | type | author | created |
---|---|---|---|---|---|---|---|
2031 |
Add stETH/ETH on Synthetix Perps |
Optimism |
Implemented |
Governance |
Seraphim, GUNBOATs (@gunboatsss) |
2023-08-07 |
Add stETH/ETH market on Synthetix Perps
This is a proposal to offer stETH/ETH futures which track the price ratio of their respective cryptocurrency. The ratio will be denominated in USD.
While Synthetix Perps already offered stETH/USD futures, stETH/ETH ratio can simplify hedging strategy for stETH traders.This market has been requested by Lido core contributors.
Offering stETH/ETH ratio allows traders to hedge stETH more efficiently than splitting trade into long (or short) stETH/USD and do the opposite on ETH/USD. With success from ETH/BTC futures, this market should open more use case in Synthetix Perps.
Implementation requires implementing off-chain oracle price feeds from Pyth Network and backup on-chain oracles from Chainlink.
N/A
All Perps V2 configurable values for the stETH/ETH market will be set in subsequent SCCPs.
{
"makerFee": "",
"takerFee": "",
"takerFeeDelayedOrder": "",
"makerFeeDelayedOrder": "",
"takerFeeOffchainDelayedOrder": "",
"makerFeeOffchainDelayedOrder": "",
"maxLeverage": "",
"maxMarketValue": "",
"maxFundingVelocity": "",
"skewScale": "",
"nextPriceConfirmWindow": "",
"delayedOrderConfirmWindow": "",
"minDelayTimeDelta": "",
"maxDelayTimeDelta": "",
"offchainDelayedOrderMinAge": "",
"offchainDelayedOrderMaxAge": "",
"offchainPriceDivergence": ""
}
Copyright and related rights waived via CC0.