KIP-134: Adjust OrderFlowFee for V2 Perps

Simple Summary

Adjust the nominal fee on orders through Kwenta to Synthetix v2 perpetual futures markets from 0.5bp to 1bp.

Abstract

Implement a 1bp (0.01%) fee on Synthetix v2 perps markets transactions, raising the fee from the previous 0.5bp (0.005%).

Motivation

With additional incentives on OP likely to run until v2x is deprecated, users can still enjoy competitive fees with this small increase. This adjustment ensures continuous, high-quality trader experience and further incentivizes Kwenta to support the older Synthetix v2 version.

It also encourages users to begin transitioning to the newer Synthetix v3 perps markets, in preparation for v2x deprecation. The fee increase will provide additional funding for maintenance and operations of Synthetix v2 perps markets while highlighting the benefits of migrating to the newer v3 perps markets.

Specification

For more information, visit the: Kwenta State Log