diff --git a/content/sips/sip-2026.md b/content/sips/sip-2026.md new file mode 100644 index 000000000..107d69ef9 --- /dev/null +++ b/content/sips/sip-2026.md @@ -0,0 +1,98 @@ +--- +sip: 2026 +title: Add YFI and MKR to Perps V2 +network: Optimism +status: Draft +type: Governance +author: GUNBOATs (@gunboatsss) +created: 2023-07-10 +--- + + + + + +## Simple Summary + + + +Add yearn.finance and Maker as a market under Perps V2 + +## Abstract + + + +This is proposal to offer YFI and MKR 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 | +|--------|----------------------|---------|-----|------|---------|--------|-------| +| YFI | 44,902,228.87 | ✅ | ✅ | ✅ | ✅ | ✅ | ✅ | +| MKR | 259,328,143.59 | ✅ | ✅ | ✅ | ✅ | ✅ | ✅ | + + +### Rationale + + + +YFI is the governance token for yearn.finance which their veYFI upgrade is nearly done, making a oppoturnity to speculate on Synthetix. +MKR is the governance token for MakerDAO, which has seen impressive growth in their stablecoin DAI and also will have major event called End-game that will change its offering. + +### 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](https://creativecommons.org/publicdomain/zero/1.0/).