SCCP-2075: Update Perps V2 Parameters
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Optimism |
| Implementor | TBD |
| Release | TBD |
| Proposal | Loading status... |
| Created | 2023-01-22 |
Simple Summary
This SCCP proposes to update the perp v2 parameters as per the below:
Skew Scale
| Market | Current Scale | Proposed Scale | CEX Slippage | Proposed Slippage |
|---|---|---|---|---|
| BONK | 760,000,000,000 | 1,140,000,000,000 | 14 | 39 |
| BCH | 112,500 | 225,000 | 4 | 10 |
| UNI | 6,000,000 | 4,500,000 | 9 | 17 |
Slippage refers to the price impact incurred from trading with a 100k$ notional
Abstract
skewScale is the scaling factor of the relevant market in the underlying currency for computing PD and Funding Rates.
Motivation
The proposed parameter changes on skew scale aim at calibrating the incentive on arbitrageurs to arbitrage the skew by targeting an effective liquidity comfortably below liquidity available on centralized exchanges.
Copyright
Copyright and related rights waived via CC0.