diff --git a/content/sips/sip-413.md b/content/sips/sip-413.md new file mode 100644 index 000000000..dc48367b5 --- /dev/null +++ b/content/sips/sip-413.md @@ -0,0 +1,40 @@ +--- +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/).