SCCP-306: Create the Kwenta Pool

Author
StatusRejected
TypeGovernance
NetworkOptimism
ImplementorTBD
ReleaseTBD
Created2023-09-06

Simple Summary

Create a Kwenta Pool on Synthetix v3.

Abstract

Create a new v3 Pool called “Kwenta”, controlled by Kwenta treasury, in line with SIP-302:

  1. Call createPool(6,poolOwnerAddress) on PoolModule
  2. Call setPoolName(6, “Kwenta”) on PoolModule

6 is the next free poolId

The owner of the Kwenta pool will be the Kwenta treasuryDAO oeth:0x82d2242257115351899894eF384f779b5ba8c695

Motivation

As per KIP-95, Kwenta will directly bootstrap the Kwenta Pool, with the SNX earned through the Synthetix Volume Source Fee Program participation. There is currently ~165k SNX in Kwenta Treasury, this and future earnings will be directed to the new Kwenta Pool.

It is expected that the Kwenta Pool will initially delegate collateral to Perps v3, which Kwenta are integrating with.

Copyright and related rights waived via CC0.