SCCP-2080: Update Perps V2 Parameters

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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
WLD 6,500,000 3,250,000 11 22 11
BLUR 50,000,000 25,000,000 12 24 12
IMX 8,000,000 5,600,000 19 27 13
JTO 8,000,000 4,000,000 26 52 18
ICP 3,000,000 1,000,000 11 33 13
APE 20,000,000 10,000,000 14 28 12
SUSHI 15,750,000 7,875,000 25 50 18
PERP 9,000,000 4,500,000 44 88 33

Max Market Value

Market Current MV Proposed MV Proposed MV$ Cex Oi
LINK 368.5k 240k 5m 10m


Below is a description of the parameter changes proposed in the SCCP:

  • MaxMarketValue is the maximum possible open interest on any given side of a perp market.
  • skewScale is the scaling factor of the relevant market in the underlying currency for computing PD and Funding Rates.


The proposed parameter changes on skew scale aim at increasing the incentive on arbitrageurs to arbitrage the skew by targeting an effective liquidity comfortably below liquidity available on centralized exchanges. While the motivation behind the changes on max market value levels are done in order to align the oi caps with historical utilization.


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