SCCP-194: Increase ETH Futures Base Fee

Author
StatusImplemented
TypeGovernance
NetworkOptimism
ImplementorTBD
ReleaseTBD
ProposalLoading status...
Created2022-06-13

Simple Summary

Increase ETH Futures makerFee and takerFee to 30 and 35 bp, from 25 and 30 bp.

Abstract

makerFee and takerFee are the fees paid by traders when filled immediately.

Motivation

The main motivation is the recent increase in market volatiliy which exposes stakers to few latency arbitrage opportunities, despite the offchain circuit breaker helping lean against these periods. Raising fees on eth which is one of the lowest fee assets with respect to it's inherent volatility and oracle latency, will allow us to scale back the aggressiveness of the latency circuit breaker and ensure that the latency arbitrages are constrained.

Copyright and related rights waived via CC0.