Increase Fees on Stock Synths 50 bp

Simple Summary

Increase the fees on trades into sNIKKEI and sFTSE.

Abstract

As per sip-56 each synth can now have its own fee levels. This SCCP suggest to raise the fees on stock synths to 50 bp.

Motivation

Analysis of on-chain data showed that front-running opportunities were more accessible for stock synths. Increasing the fees to 50 bp should shrink that window significantly and bolster the protection until sip-52 is implemented.

Copyright

Copyright and related rights waived via CC0.

If there is front running happening then we should immediately react to prevent it otherwise it will effect on debt.

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