SCCP-332: Update Perps V3 Parameters
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Base |
| Implementor | TBD |
| Release | TBD |
| Proposal | Loading status... |
Simple Summary
This SCCP proposes to update the perps v3 parameters as per the below:
Max Market Value and Max Market Size
| Market | Current MMV | Proposed MMV | Change MMV | Current MMS | Proposed MMS | Change MMS |
|---|---|---|---|---|---|---|
| btc | 10.00 | 15.00 | +5.00 | 230 | 400 | +170 |
| eth | 10.00 | 15.00 | +5.00 | 5,000 | 10,000 | +5,000 |
| sol | 3.00 | 5.00 | +2.00 | 30,000 | 60,000 | +30,000 |
| doge | 0.50 | 2.00 | +1.50 | 4,200,000 | 25,000,000 | +20,800,000 |
| bnb | 0.50 | 2.00 | +1.50 | 1,200 | 7,000 | +5,800 |
| matic | 0.50 | 2.00 | +1.50 | 940,000 | 6,000,000 | +5,060,000 |
| avax | 0.50 | 2.00 | +1.50 | 19,000 | 100,000 | +81,000 |
| sui | 0.25 | 1.00 | +0.75 | 400,000 | 2,000,000 | +1,600,000 |
| arb | 0.50 | 1.00 | +0.50 | 565,000 | 2,000,000 | +1,435,000 |
| wif | 1.50 | 2.00 | +0.50 | 750,000 | 1,500,000 | +750,000 |
| ordi | 0.50 | 1.00 | +0.50 | 15,000 | 50,000 | +35,000 |
| ftm | 0.50 | 1.00 | +0.50 | 965,000 | 2,000,000 | +1,035,000 |
| rune | 0.50 | 1.00 | +0.50 | 94,300 | 300,000 | +205,700 |
| axl | 0.20 | 0.50 | +0.30 | 200,000 | 1,000,000 | +800,000 |
| ethfi | 0.20 | 0.50 | +0.30 | 60,000 | 300,000 | +240,000 |
| arkm | 0.24 | 0.50 | +0.26 | 100,000 | 400,000 | +300,000 |
| inj | 0.25 | 0.50 | +0.25 | 10,000 | 40,000 | +30,000 |
| stx | 0.25 | 0.50 | +0.25 | 200,000 | 500,000 | +300,000 |
| tia | 0.25 | 0.50 | +0.25 | 100,000 | 120,000 | +20,000 |
| pendle | 0.25 | 0.50 | +0.25 | 100,000 | 200,000 | +100,000 |
| gmx | 0.25 | 0.50 | +0.25 | 10,000 | 35,000 | +25,000 |
| tao | 0.25 | 0.50 | +0.25 | 2,000 | 3,000 | +1,000 |
| pepe | 1.50 | 1.50 | - | 360,000,000,000 | 360,000,000,000 | - |
| link | 1.00 | 1.00 | - | 100,000 | 120,000 | +20,000 |
| op | 1.00 | 1.00 | - | 500,000 | 750,000 | +250,000 |
| bonk | 1.00 | 1.00 | - | 55,000,000,000 | 75,000,000,000 | +20,000,000,000 |
| gala | 0.25 | 0.25 | - | 20,000,000 | 20,000,000 | - |
| ton | 0.25 | 0.25 | - | 200,000 | 200,000 | - |
| ena | 1.00 | 1.00 | - | 1,500,000 | 3,000,000 | +1,500,000 |
| bome | 0.50 | 0.50 | - | 80,000,000 | 90,000,000 | +10,000,000 |
| w | 0.50 | 0.50 | - | 1,400,000 | 2,000,000 | +600,000 |
| snx | 1.00 | 0.50 | -0.50 | 500,000 | 500,000 | - |
Abstract
The parameters configurations description is as follows:
- maxMarketSize is the max market value of the relevant market in the underlying currency
- maxMarketValue is the max market value of the relevant market in USD
Motivation
The motivation behind the changes to scale up perps trading on base, as the LP collateral pool size has increased.
Copyright
Copyright and related rights waived via CC0.