Initiate Rollout of Spot v2
Spot v2 introduces two key features. They serve to:
- Facilitate SPOT <> AMPL arbitrage through Swapping, and
- Balance demand for stability and volatility using a Dynamic Rotation Fee
For more background, please refer to the linked resources below.
Implementation & Details
Proposed Fees & Configuration
| Rollover Fee Curve | |
|---|---|
| rolloverFeeLower (Debasement) | -10% / yr |
| rolloverFeeUpper (Enrichment) | 20% / yr |
| rolloverFeeGrowth | 7 |
Rollover Fee % vs Deviation Ratio Plot
| Other Fee Values | |
|---|---|
| perpMintFee | 1% |
| perpBurnFee | 1% |
| underlyingToPerpSwapFee | 4% |
| perpToUnderlyingSwapFee | 4% |
| vaultMintFee | 0% |
| vaultBurnFee | 5% |
| Configuration Values | |
|---|---|
| targetSubscriptionRatio | 1.5 |
| deviationRatioBoundLower | 0.9 |
| deviationRatioBoundUpper | 1.25 |
| minUnderlyingBal | 100k |
| minUnderlyingPerc | 33% |
| minDeploymentAmt | 25k AMPL |
Off-Chain Vote
For
306.1K FORTH99.7%
Against
970.96 FORTH0.3%
Abstain
0 FORTH0%
Discussion
Timeline
Apr 15, 2024Proposal created
Apr 16, 2024Proposal vote started
Apr 19, 2024Proposal vote ended
Sep 11, 2025Proposal updated