SCCP-2027: Update Perp V2 Parameters
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Optimism |
| Implementor | TBD |
| Release | TBD |
| Proposal | Loading status... |
| Created | 2023-07-24 |
Simple Summary
This SCCP proposes to increase the maxFundingVelocity to 27 from 9 on the BCH, XRP and FTM markets.
Abstract
The maxFundingVelocity is the parameter that helps calibrate the speed by which funding rate changes for a given level of skew & skew scale.
Motivation
The main motivation is to help promote arbitrages of the skew, by allowing funding to settle back into neutrality at a faster pace, when outsized positions are executed on the debt pool that flip the skew from short to long or vice-versa.
Copyright
Copyright and related rights waived via CC0.