SIP-2024: Add MAV, ETC and COMP to Perps V2

Author
StatusDraft
TypeGovernance
NetworkOptimism
ImplementorTBD
ReleaseTBD
Created2023-06-30

Simple Summary

Add Maverick, Ethereum Classic and Compound Token and as markets under Perps V2

Abstract

This is proposal to offer MAV, 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
MAV 390,476,668.54
COMP 1,386,784,509.12

Rationale

  • Maverick is new token and has been listed on Binance Futures
  • 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": "",

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