KIP-55: Cross-Margin v2.0

Summary

Upgrade current cross-margin implementation to include new features and support Synthetix Perps V2 integration.

Abstract

This KIP proposes an upgrade to Kwenta's cross-margin implementation. The core improvement includes support for Synthetix Perps V2, which provides users with a better trading experience with decreased fees and other improvements.

Secondary improvements include an architecture rework to support account upgradability and versioning, traditional cross-margin optionality, and new order types/strategies. Among those types and strategies are reduce-only orders, batched orders, and conditional orders (replacing advanced orders).

Motivation

The current Kwenta cross-margin implementation does not allow traders to interact with Synthetix Perps V2, only works with atomic orders (which have high fees in V2), and also lacks many features that sophisticated traders expect from a traditional exchange. Finally, the current version of cross-margin could be more flexible and optimized to improve the overall experience of traders.

Specification

Read full details here: https://kips.kwenta.io/kips/kip-55/