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Create sip-346.md #1732

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Oct 31, 2023
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Create sip-346.md
BurtRock Oct 25, 2023
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cavalier-eth Oct 31, 2023
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30 changes: 30 additions & 0 deletions content/sips/sip-346.md
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---
sip: 346
title: Perps v3 Integrator Incentive
network: Base
status: Draft
type: Governance
author: Burt Rock (@BurtRock)
---

## Simple Summary
Introduce an integrator fee share mechanism for Perps v3, where integrators earn a 20% base fee in sUSD from trades executed through a Synthetix Perps integration.

## Abstract
This SIP proposes a fee-sharing mechanism for integrators of the Synthetix Perps v3 system. Integrators will earn a consistent 20% fee in sUSD for trades processed through their integration.

## Motivation

While v2 had a modest fee share program managed by the treasury, this solution came with considerable overhead for the Treasury Council and a poor incentive for frontends which led to several integrators reversing course on their integrations. Finite assets in the treasury also makes fee share in SNX from the treasury an unsustainable model which cannot scale as integrators are more successful at driving volume.

Integrators have also shown and expressed a willingness to contribute incentives and marketing campaigns which directly benefit Synthetix such as token rewards for trading, referrals, and spend on advertising and additional integrations, but currently rely on finite outside resources.

## Specification

Integrators will request a unique tracking code for each integration they wish to track and provide an address to which they will recieve fees. A 20% fee in sUSD will be directed to the corresponding address for all trades executed using an integrator tracking code.

## Rationale
Offering a transparent and easily comprehensible fee structure is key to attracting and retaining integrators. A 20% fee share in sUSD provides a low overhead, scalable solution for integrator incentives which provides both the possibility of profit for integration partners, and a scalable resource to encourage investment in further marketing or integrations where integrators can directly benefit from their investments.

## Copyright
Copyright and related rights waived via [CC0](https://creativecommons.org/publicdomain/zero/1.0/).
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