SCCP-2046: Update Max Market Value - GMX / LDO
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Optimism |
| Implementor | TBD |
| Release | TBD |
| Proposal | Loading status... |
| Created | 2023-09-23 |
Simple Summary
This SCCP proposes to double the max market value of GMX and LDO:
| Market | Current | Proposed | Proposed $ | CEX OI |
|---|---|---|---|---|
| LDO | 200,000 | 400,000 | 592,671 | 12,000,000 |
| GMX | 7,000 | 14,000 | 484,400 | 200,000 |
Abstract
maxMarketValue is the max open interest on one either side of the market denominated underlying currency of that market.
Motivation
The main motivation is to cater for the increase in open interest and appease the high utilization (> 90%) on those markets.
Copyright
Copyright and related rights waived via CC0.