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Derify ProtocolDerify Protocolby0x8d1c40E9deeD46A4E9b624668aB409c5071aB40fderify.eth

011. Adjust the system parameters

Voting ended about 3 years agoSucceeded

As the insurance pool increases in funds, we propose to adjust the system parameters as follows

Max Leverage:30X➝75X Maintenance Margin Ratio:3%➝1% Auto-Liquidation Margin Ratio:1%➝0.5% Position Minimum:100BUSD➝500BUSD Parameter κ- BTC- PCF Rate:100➝1000 Parameter κ- ETH- PCF Rate:80➝800 Parameter ρ- BTC- PCF:0.1%➝0.12% Parameter ρ- ETH- PCF:0.1%➝0.12%

Parameters info: https://docs.derify.finance/getting-started/dictionary#system-parameters

Pro:

  1. The capital ultilization increased by 2.5 times
  2. The position mining APR increased by 2.5 times
  3. Harder to trigger ADL and liquidation for positions with low leverage
  4. Lower position change fee(PCF)

Con:

  1. More over loss liquidations may create more system loss
  2. Less arbitrage opportunities may lead to system risks

Off-Chain Vote

agree
86.23M eDRF100%
disagree
3.56K eDRF0%
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Discussion

Derify Protocol011. Adjust the system parameters

Timeline

Jan 09, 2023Proposal created
Jan 09, 2023Proposal vote started
Jan 11, 2023Proposal vote ended
Feb 22, 2024Proposal updated