SCCP-2004: Enable Perps V2 Markets / Update Parameters - Batch 2
SCCP-2004 proposes to unpause the new perp markets specified in SIP-2014 and SIP-2015 and set their parameters as per the below configuration:
| Market | Offchain Make/TakeFees | MaxMarketValue | SkewScale | LiquidationBufferRatio |
|---|---|---|---|---|
| sXRP | 2/8 | 10,000,000 | 750,000,000 | 100 |
| sDOT | 2/8 | 300,000 | 30,000,000 | 100 |
| sTRX | 2/10 | 15,000,000 | 1,000,000,000 | 125 |
| sFLOKI | 2/10 | 10,000,000,000 | 200,000,000,000 | 125 |
| sINJ | 2/10 | 200,000 | 6,275,000 | 125 |
| sPEPE | 2/10 | 600,000,000,000 | 37,000,000,000,000 | 125 |
| sSUI | 2/10 | 1,000,000 | 60,000,000 | 125 |
| sBLUR | 2/10 | 1,750,000 | 17,000,000 | 125 |
Aside from the changes above, the perps markets will have the following configurations as well:
- liquidationPremiumMultiplier: 3
- offchainDelayedOrderMinAge: 15 seconds
- offchainDelayedOrderMaxAge: 120 seconds
- maxFundingVelocity: 9
- maxLeverage: 27.5
- offchainPriceDivergence: 2%
- maxLiquidationDelta: maker+taker offchain fees
- maxPD: maxLiquidationDelta * 2
- dynamicFeeRounds: 1
- maxDynamicFeeRate: 10%
The parameters for deprecated trading paths (atomic and delayed) are as follows:
- nextPriceConfirmWindow: 2
- delayedOrderConfirmWindow: 120 seconds
- minDelayTimeDelta: 60 seconds
- maxDelayTimeDelta: 6000 seconds
- taker & maker fees on delayed orders (not-offchain) and atomic orders: 30%
Are you in favor of this decision?
Off-Chain Vote
sYES
8 SNX-SCT100%
iNO
0 SNX-SCT0%
Timeline
May 22, 2023Proposal created
May 22, 2023Proposal vote started
May 28, 2023Proposal vote ended
Dec 20, 2024Proposal updated