SCCP-182: Update Open Interest Limits

Author
StatusImplemented
TypeGovernance
NetworkOptimism
ImplementorTBD
ReleaseTBD
ProposalLoading status...
Created2022-04-11

Simple Summary

This SCCP proposes to lower the MaxMarketValueUSD on futures markets to the following:

  • On BTC to 3 million USD
  • On ETH to 7 million USD
  • On LINK to 3 million USD

Abstract

The MaxMarketValueUSD is the maximum amount of open interest available for a certain Futures Market.

Motivation

The primary motivation is to limit the possibility of latency arbitrage.

Copyright and related rights waived via CC0.