KIP-122: Add Fees to V2 Perps

Simple Summary

Introduce a nominal fee on orders through Kwenta to Synthetix v2 perpetual futures markets.

Abstract

Implement a 0.5bp (0.005%) fee on Synthetix v2 perps markets transactions.

Motivation

With Synthetix v3 and Perennial perps markets providing a more attractive option, Synthetix v2 perps markets will still require funding for maintenance. This proposal suggests a small "maintenance fee" for orders in Synthetix v2 perps markets, ensuring a continuous, high-quality trader experience and incentivizing Kwenta to support this older version. As Synthetix v3 and Perennial offer more lucrative incentives (20% and 35% fee share, respectively), focusing on them benefits the DAO. Nonetheless, a fee on v2 perps market orders will still provide value and encourage a gradual transition to newer versions.

Specification

For more information, visit the: Kwenta State Log