SCCP-2106: Update Perps V2 Parameters
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Optimism |
| Implementor | TBD |
| Release | TBD |
| Proposal | Loading status... |
| Created | 2024-05-06 |
Simple Summary
This SCCP proposes to update the perps v2 parameters as per the below:
Skew Scale
| Market | Current Scale | Proposed Scale | Current Slippage | Proposed Slippage | Cex Slippage |
|---|---|---|---|---|---|
| SOL | 2,812,500 | 2,100,000 | 6 | 8 | 5 |
Slippage in bp per 500k$ trade
Maker Fee
Decrease maker fee from 2 bp to 0.01 bp.
Abstract
Below is a description of the parameter changes proposed in the SCCP:
skewScaleis the scaling factor of the relevant market in the underlying currency for computing PD and Funding Rates.makerFeeis the fee applied when a trader decreases the skew taken on by liquidity providers.
Motivation
The proposed parameter changes on skew scale and maker fee aim at increasing 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.