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Synthetix SCCP/SIPSynthetix SCCP/SIPby0x1C8236B406911A376369e33D39189F1b4B39F27Dsnax-governance.eth

SCCP-404: Update Perps V3 Parameters

Voting ended 11 months agoSucceeded

SCCP-404 proposes to update the perps v3 parameters as per the below:

Max Market Value

ticker Current MMV Proposed MMV CEX OI Current SNX OI
mew 1.00 0.50 5.78 0.30
not 1.00 0.70 7.07 0.21
people 1.00 0.50 5.89 0.13
axl 0.50 0.25 2.62 0.31
goat 3.00 0.50 6.15 0.50
pol 3.00 1.50 14.24 1.37
om 3.00 1.00 17.14 0.39

All amounts above are in dollar millions.

Skew Scale

ticker Current SkewScale Proposed Skew Scale Current Slippage Proposed Slippage Cex Slippage
virtual 11,285,000 22,570,000 403 202 54
trump 3,138,300 6,276,600 95 48 11
avax 1,580,100 3,160,200 79 40 9
arb 60,186,800 120,373,600 138 69 16
sol 817,500 1,635,000 23 12 2

Slippage above in bp, on 500k$ worth of volume

Initial Margin Ratio

Lower the Initial Margin Ratio on the TRUMP market to 6.85 from 14.387.

Are you in favor of this decision?

Off-Chain Vote

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5 SNX100%
Against
0 SNX0%
Abstain
0 SNX0%
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Timeline

Apr 14, 2025Proposal created
Apr 14, 2025Proposal vote started
Apr 24, 2025Proposal vote ended
May 28, 2025Proposal updated