Establish a program administered by the Treasury Council to reward Synthetix integrators who drive volume through Synthetix.
\nThis SIP proposes a tiered system for volume rebates paid by the Treasury Council to integrators.
\nThe current volume source fee program from SIP-132 does not include Synthetix perps and is limited in its ability to provide an effective and sustainable incentive structure for integrators. With the launch of Perps V2 and the eventual proliferation of new instruments built on Synthetix V3, the protocol should establish resources and incentives for new partners to integrate Synthetix contracts and promote network activity.
\nThe implementation of this volume program will establish discrete tiers of rewards to be distributed to partners based on total activity. These fees will be paid out by the Synthetix treasury in SNX on a monthly basis.
\nTier 1 (<$1M fees generated) - 10% Variable Fee Rate\nTier 2: ($1M - $5M fees generated) - 7.5% Variable Fee Rate\nTier 3: (>$5M fees generated) - 5% Variable Fee Rate \nUncapped incentives that are directly proportional to volume driven by each partner maintains a cost effective sustainable incentive mechanism for the protocol to reward new and existing partners.
\nPartner Variable Rewards
\nThe total new partner variable rewards will be distributed monthly
\nEach partner will then earn a variable fee based on the cumulative fee tier they fall in, starting with 10% of fees generated and ending with a terminal rate of 5% of fees generated.
\nTier 1 (<$1M fees generated) - 10% Variable Fee Rate\nTier 2: ($1M - $5M fees generated) - 7.5% Variable Fee Rate\nTier 3: (>$5M fees generated) - 5% Variable Fee Rate \nThis SIP initially applies to Synthetix Perps Markets, but additional Qualifying Markets may be added via SCCP.
\nn/a
\nQualifying Markets\nVariable Fee Rate\nCumulative Fee Tier Thresholds
\nCopyright and related rights waived via CC0.
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