SIP-2049: Begin migrating offchain Perps v2 markets
Author | |
---|---|
Status | Implemented |
Type | Governance |
Network | Optimism |
Implementor | TBD |
Release | TBD |
Proposal | Loading status... |
Created | 2024-01-16 |
Motivation
Simple Summary
Change forex and commodity markets to close-only, in preparation for migration to Perps v3.
Abstract
Set maxMarketSize
= 0 for AUD, XAG, GBP, EUR, XAU on Perps v2, so they become close-only.
Motivation
Offchain assets require logic for trading hours that has proved unreliable - most recently falsely activating the forex and commodity perp markets on Christmas Eve.
ASSET | AVERAGE WEEKLY OPEN INTEREST ($) |
---|---|
AUD | 83,708.89 |
XAG | 151,738.34 |
GBP | 204,196.55 |
EUR | 214,073.98 |
XAU | 640,473.19 |
TOTAL | 1,294,190.95 |
These markets combined represent <1% of recent open interest on Perps v2.
Specification
Rationale
Moving offchain markets to close only on Perps v2 will provide time for the offchain logic to be improved, before launching on Perps v3.
Technical Specification
Set maxMarketSize
= 0 for AUD, XAG, GBP, EUR, XAU on Perps v2. Traders will only be able to close positions, not open new ones.
Test Cases
N/A
Configurable Values (Via SCCP)
Copyright
Copyright and related rights waived via CC0.