Create sip-413.md

content/sips/sip-413.md

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+---
+sip: 413
+title: Adding Support for WETH, wstETH, cbETH, and cbBTC to Base V3 LP
+network: Base
+status: Draft
+type: Governance
+author: Robin (@0xrobin2192)
+created: 2025-01-07
+---
+
+## Simple Summary
+
+This SIP proposes the addition of WETH, wstETH, cbETH, and cbBTC tokens as LP collateral on Base V3 deployment.
+
+## Abstract
+
+In order to enhance the diversity of yield-generation and exposure options for LP collateral within the Synthetix ecosystem, this SIP aims to add WETH, wstETH, cbETH, and cbBTC tokens as LP collateral on Base V3 deployment. 
+
+## Motivation
+
+1. **Capital Efficiency**: Expand use cases for WETH, wstETH, cbETH, and cbBTC holders, letting them earn yield while retaining exposure to underlying yields.  
+2. **Diversification**: Incorporate multiple types of ETH- and BTC-based derivatives to spread risk.  
+3. **Ecosystem Growth on Base**: Attract additional users and liquidity through widely recognized “blue-chip” derivatives.
+4. **Arbitrum Match**: Provide a home for wstETH and WETH Arbitrum LPs on Base.
+
+### Technical Specification
+
+None of these LP assets should be eligibile for minting snxUSD against deposits.
+
+### Test Cases
+
+N/A
+
+### Configurable Values
+
+Each LP parameter (LP cap, liquidation ratio, etc) will be configured via SCCP.
+
+## Copyright
+
+Copyright and related rights waived via [CC0](https://creativecommons.org/publicdomain/zero/1.0/).