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Update sip-398.md Revenue share details #2060

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Aug 5, 2024
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Update sip-398.md Revenue share details #2060

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Expand Up @@ -137,7 +137,7 @@ In summary, these analyses show that Chainlink Data Streams empirically presents

### Economics

To ensure Chainlink Data Streams can sustainably provide Synthetix with an independent, verifiable, and low-latency source of financial market data, this proposal establishes an economic framework involving a revenue-sharing fee structure. Specifically, 1.5% of the total trading fees and liquidation fees generated on markets where Chainlink Data Streams are used would be paid in exchange for the oracle service. The proposed split of fees is as follows: For every $100 of trading fees generated, 1.5% would go to the oracle services. The remaining amount would then be divided among the protocol, LPs (Liquidity Providers), integrators, and the keeper incentive as seen fit by Synthetix. This arrangement provides Synthetix access to Data Streams, including all generally available feeds, along with unlimited onchain verifications at no added premium.
To ensure Chainlink Data Streams can sustainably provide Synthetix with an independent, verifiable, and low-latency source of financial market data, this proposal establishes an economic framework involving a revenue-sharing fee structure. Specifically, 1.2% of the total trading fees and liquidation fees generated on markets where Chainlink Data Streams are used would be paid in exchange for the oracle service. The proposed split of fees is as follows: For every $100 of trading fees generated, 1.2% would go to the oracle services. The remaining amount would then be divided among the protocol, LPs (Liquidity Providers), integrators, and the keeper incentive as seen fit by Synthetix. This arrangement provides Synthetix access to Data Streams, including all generally available feeds, along with unlimited onchain verifications at no added premium.

### Deployment Plan

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