SCCP-316: Enable Perps V3 Markets / Update Parameters
SCCP-316 specifies the parameters of the followings SIPS:
The below parameters would be applied on the new markets:
| Market | InitialMarginRatio | minimumInitialMarginRatio | maintenanceMarginScalar | skewScale | takerFeeRatio | maxMarketSize | maxMarketValue |
|---|---|---|---|---|---|---|---|
| SNX | 2.82 | 0.05 | 0.39 | 3,400,000 | 0.001 | 127,000 | 500,000 |
| SOL | 24.39 | 0.02 | 0.33 | 1,406,250 | 0.0008 | 2,900 | 500,000 |
| WIF | 5.99 | 0.04 | 0.4 | 10,000,000 | 0.001 | 152,000 | 500,000 |
| W | 15.39 | 0.05 | 0.35 | 8,750,000 | 0.001 | 508,000 | 500,000 |
Aside from the changes above, the perps markets will have the following configurations as well:
- MakerFeeRatio: 2 bp
- maxFundingVelocity: 36
- flagRewardRatio: 3 bp
- minimumPositionMargin: 50 snxUSD
- lockedOiRatio: 0.5
- maxLiquidationLimitMultiplier: 1.5
- maxLiquidationPD: 5 bp
- endorsedLiquidator: "0x11233749514Ab8d00C0A5873DF7428b3db70030f"
Are you in favor of this decision?
Off-Chain Vote
sYES
8 SNX-SCT100%
iNO
0 SNX-SCT0%
Timeline
Apr 05, 2024Proposal created
Apr 05, 2024Proposal vote started
Apr 12, 2024Proposal vote ended
Dec 20, 2024Proposal updated