SIP-2026: Add YFI and MKR to Perps V2

Simple Summary

Add yearn.finance and Maker as a market under Perps V2

Abstract

This is proposal to offer YFI and MKR futures which tracks the price of respective cryptocurrency.

Motivation

Adding those token allows Synthetix to offers more assets for onboarding more traders.

Specification

Data was obtained on June 30 via Coingecko from following exchange: Binance, OKX, dYdX, Phermex, Kucoin and Huobi.

Symbol	Trading Volume (USD)	Binance	OKX	dYdX	Phermex	Kucoin	Huobi
YFI	44,902,228.87	✅	✅	✅	✅	✅	✅
MKR	259,328,143.59	✅	✅	✅	✅	✅	✅

Rationale

YFI is the governance token for yearn.finance which their veYFI upgrade is nearly done, making a oppoturnity to speculate on Synthetix.
MKR is the governance token for MakerDAO, which has seen impressive growth in their stablecoin DAI and also will have major event called End-game that will change its offering.

Technical Specification

Implementation requires implementing off-chain oracle price feeds from Pyth Network and backup on-chain oracles from Chainlink.

Configurable values (read below) will be set in a subsequent SCCP for each market.

Test Cases

N/A

Configurable Values (Via SCCP)

All Perps V2 configurable values will be set in subsequent SCCPS for each market.

"makerFee": "",
"takerFee": "",
"takerFeeDelayedOrder": "",
"makerFeeDelayedOrder": "",
"takerFeeOffchainDelayedOrder": "",
"makerFeeOffchainDelayedOrder": "",
"maxLeverage": "",
"maxMarketValue": "",
"maxFundingVelocity": "",
"skewScale": "",

"nextPriceConfirmWindow": "",
"delayedOrderConfirmWindow": "",
"minDelayTimeDelta": "",
"maxDelayTimeDelta": "",
"offchainDelayedOrderMinAge": "",
"offchainDelayedOrderMaxAge": "",
"offchainPriceDivergence": "",

Copyright

Copyright and related rights waived via CC0.