This SCCP proposes to update the maxMarketValue of FLOW and PEPE as per the below:
|sPEPE||600 b||1200 b||+600 B|
Below is a description of the parameter being changed:
maxMarketValueis the maximum amount of open interest allowed on long and short positions in a given perp market.
The primary motivation is the increase utilization of these markets. It is worth mentioning that binance OI for PEPE and FLOW are 85m$ and 8m$ respectively, while the proposed Synthetix parameters are 1.7m$ and 300k$, hence, the parameters are still reasonably conservative.
Copyright and related rights waived via CC0.