KIP-63: Deprecation of Synthetix Futures (V1) on Kwenta

Summary

With the launch of new markets on Synthetix Futures (V2), Synthetix will gradually sunset the Synthetix Futures (V1) markets, making it unpleasent to trade on Cross Margin (V1) and and Advanced Orders (V1) as defined in sections 4.4 and 4.5.

Abstract

This KIP proposes the deprecation and removal of the Synthetix Futures (V1) protocol functionality from the Kwenta frontend in favor of the new Synthetix Futures (V2) deployment.

Cross Margin, which enables the current advanced orders product, being an abstraction layer built on top of the Synthetix Futures (V1) protocol, will become unusable due to the forseeable deprecation of Synthetix Futures (V1). Kwenta should therefore focus its efforts on the development of Cross Margin V2 (see KIP-55, which once implemented would replace the current Cross Margin and Advanced Orders product).

Motivation

The current Synthetix Futures (V1) protocol charges users significantly higher fees and is technically inferior to the Synthetix Futures (V2) protocol. In order to focus community and core contributor efforts on the development of new products on top of Synthetix Futures (V2), support for the inferior Synthetix Futures (V1) protocol should be discontinued as soon as possible.

Specification

Read full details here: https://app.radicle.xyz/seeds/maple.radicle.garden/rad:git:hnrkq1oex148yz4zi9tm7spfnjaryyuc93yay/tree/master/kips/drafts/kip-63.md