KIP-95: Kwenta V3 Pool

Summary

Redirect SNX received from Synthetix Perps volume rewards towards a V3 pool.

Abstract

Kwenta currently receives 5% of fees generated in the form of SNX from the Synthetix Treasury monthly. The Kwenta treasury holds 165,328.75 SNX (~ roughly $350k) at the time of writing. This proposal signals intent to set up a pool on Synthetix V3 and deposit current and future received SNX in it. There exists a respective SCCP.

Motivation

Kwenta's SNX is currently sitting idle in the treasury. It's in our best interest to utilize this on Synthetix V3 -- not only to generate extra revenue for the DAO but to increase available liquidity for Perps V3 with the impending launch.

Growing our own liquidity on Synthetix V3 benefits our perpetuals offering over the long run but also enables Kwenta with in-house liquidity to bootstrap new markets or derivatives built on Synthetix V3.

Specification

For more information, visit the: Kwenta State Log