SCCP-2023: Update Perp Parameters - MaxMarketValue
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Optimism |
| Implementor | TBD |
| Release | TBD |
| Proposal | Loading status... |
| Created | 2023-07-13 |
Simple Summary
This SCCP proposes to double the max market value as per the below:
| Current | Proposed | Change | Proposed in USD | |
|---|---|---|---|---|
| AVAX | 80,000 | 160,000 | +8,000 | 2.1M |
| AAVE | 5,000 | 10,000 | +5,000 | 750k |
| BCH | 6,000 | 12,000 | +6,000 | 3.4M |
Abstract
The parameter description is as follows:
- The
maxMarketValueis the maximum potential size of a given perp market on either the long or short side.
Motivation
The proposed change in the parameter should allow more trades to materialize on these market which have seen an increase in activity. Note that the parameters are still conservative vis-a-vis the open interest sizes seen on centralized exchanges.
Copyright
Copyright and related rights waived via CC0.