SCCP-2073: Update Perps V2 Parameters
SCCP-2073 proposes to update the perps v2 parameters as per the below:
Skew Scale
| Market | Current Scale | Proposed Scale | CEX Slippage | Proposed Slippage |
|---|---|---|---|---|
| INJ | 1,425,000 | 712,500 | 11 | 18 |
| OP | 22,500,000 | 11,250,000 | 7 | 12 |
| TIA | 3,000,000 | 1,500,000 | 11 | 20 |
| DOGE | 1,875,000,000 | 937,500,000 | 1 | 6 |
| NEAR | 18,750,000 | 9,375,000 | 6 | 14 |
| MKR | 18,000 | 9,000 | 11 | 30 |
| BCH | 225,000 | 112,500 | 5 | 18 |
| SEI | 106,500,000 | 35,500,000 | 12 | 18 |
| RNDR | 7,500,000 | 3,750,000 | 16 | 32 |
| TRX | 430,000,000 | 322,500,000 | 5 | 15 |
| FIL | 12,750,000 | 6,375,000 | 5 | 12 |
| AXS | 2,812,500 | 2,109,375 | 13 | 29 |
| XMR | 191,250 | 95,625 | 13 | 32 |
| COMP | 483,750 | 241,875 | 18 | 40 |
| FXS | 937,500 | 703,125 | 43 | 85 |
Slippage refers to the price impact incurred from trading with a 100k$ notional
Max Market Value
| Market | Current MMV | Proposed MMV | Proposed MMV $M | Avg OI Utiliz $M |
|---|---|---|---|---|
| BTC | 2,350 | 1,400 | 60 | 32.21 |
| ETH | 36,000 | 22,300 | 50 | 16.34 |
| MATIC | 12,000,000 | 5,952,400 | 5 | 0.57 |
| LINK | 1,000,000 | 368,500 | 5 | 1.29 |
| AVAX | 320,000 | 142,700 | 5 | 0.55 |
| OP | 2,050,000 | 1,474,900 | 5 | 1.15 |
| DOT | 300,000 | 139,100 | 1 | 0.08 |
| BCH | 12,000 | 4,200 | 1 | 0.02 |
| FIL | 225,000 | 165,800 | 1 | 0.84 |
| APT | 250,000 | 111,600 | 1 | 0.21 |
| ARB | 4,600,000 | 2,702,700 | 5 | 3.14 |
| SUI | 2,000,000 | 1,190,500 | 1 | 0.24 |
| TRX | 15,000,000 | 10,000,000 | 1 | 0.06 |
| FTM | 6,000,000 | 2,500,000 | 1 | 0.29 |
| NEAR | 1,000,000 | 295,000 | 1 | 0.23 |
| INJ | 200,000 | 79,400 | 3 | 1.24 |
| SEI | 3,000,000 | 1,470,600 | 1 | 0.75 |
| TIA | 270,000 | 198,200 | 3 | 1.21 |
| RUNE | 800,000 | 614,800 | 3 | 1.09 |
| CRV | 6,000,000 | 1,851,900 | 1 | 0.58 |
| LDO | 800,000 | 326,800 | 1 | 0.82 |
| AAVE | 31,150 | 10,100 | 1 | 0.23 |
| WLD | 1,300,000 | 362,300 | 1 | 0.04 |
| RNDR | 400,000 | 263,200 | 1 | 0.12 |
| BLUR | 3,000,000 | 2,222,200 | 1 | 0.15 |
| ALGO | 6,000,000 | 5,263,200 | 1 | 0.03 |
Avg OI Utiliz refers to the average open interest utilization during the latest running month
Are you in favor of this decision?
Off-Chain Vote
sYES
8 SNX-SCT100%
iNO
0 SNX-SCT0%
Timeline
Jan 08, 2024Proposal created
Jan 08, 2024Proposal vote started
Jan 14, 2024Proposal vote ended
Dec 20, 2024Proposal updated