[SIP-33] - Future Emissions on Metis

Background: In July of 2023, the Synapse DAO voted to remove emissions on the Metis stableswap and ETH pool as part of a larger initiative to reduce SYN emissions. This proposal decreased SYN emissions from 11,340 SYN/month to 0. Simultaneously, the Metis Foundation agreed to incentivize the Metis Pools with $15k worth of METIS for three months.

Performance: In the last six months, ~$19m has been bridged to Metis, generating around ~$15k worth of fees. The swap pools have done ~$38m over the same time period and $3.5k worth of fees. In the last month, a drastic increase of activity in the Metis ecosystem drove $14k in fees (500% increase).

Synapse is currently the largest bridge into the Metis ecosystem, and the Metis foundation is looking to create a lasting relationship with the protocol.

Proposal: The Metis Foundation willing to commit to providing $7k/$10k worth of emissions on a monthly basis for the next 6 months. The Synapse DAO will spend $10k worth of SYN on Metis pools per month, with 70% of that subsidized by Metis.

In the last month, fees on Metis have been 14k, due to deep liquidity and support from the Metis foundation (who incentivized the pools for 6 months throughout 2023)

Objectives: As part of this program, Metis is looking for low slippage on specific size swaps, and the ability to scale with increasing inflow to the chain from other L2s specifically. More reporting on these items will strengthen the relationship between the two protocols and can help the Synapse DAO to grow synergetically.

Synapse contributors will continue to work close with the Metis foundation to drive more data driven insights as well as usage through other campaigns.