SCCP-2116: Update Perps V2 Parameters
| Author | |
|---|---|
| Status | Vote_Pending |
| Type | Governance |
| Network | Optimism |
| Implementor | TBD |
| Release | TBD |
| Created | 2024-05-27 |
Simple Summary
This SCCP proposes to update the perps v2 parameters as per the below:
Skew Scale:
| Market | Current Scale | Proposed Scale | Current Slippage | Proposed Slippage | Cex Slippage |
|---|---|---|---|---|---|
| PYTH | 14,437,500 | 35,000,000 | 391.00 | 161.29 | 36 |
| WLD | 3,250,000 | 9,750,000 | 168.00 | 56.00 | 18 |
| WIF | 10,000,000 | 15,000,000 | 162.59 | 108.39 | 27.24 |
** Slippage figures in the table above are with respect to a trade size of USD 500 thousand **
Abstract
skewScale is the scaling factor of the relevant market in the underlying currency for computing PD and Funding Rates.
Motivation
The proposed parameter changes on skew scale aim at calibrating the incentive on arbitrageurs to arbitrage the skew by targeting an effective liquidity comfortably below liquidity available on centralized exchanges.
Copyright
Copyright and related rights waived via CC0.