SCCP-215: Lower `minKeeperFee` to 1 sUSD
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Optimism |
| Implementor | TBD |
| Release | TBD |
| Proposal | Loading status... |
| Created | 2022-07-13 |
Simple Summary
This SCCP proposes to lower the minKeeperFee to 1 sUSD from 5 sUSD.
Abstract
The minKeeperFee is used for two purposes:
- It's the minimal fee paid for a liquidation to a keeper (for small positions).
- It's the constant fee paid to a keeper for executing a next-price order. The fee is withheld from the user when submitting the order.
This means that small next-price orders aren't viable when executed by keepers (because of the imposed fixed fee).
Motivation
The reason behind the decrease is because of the low cost of executing transactions on optimism, which results in keepers needing to be paid far less in order to fulfill next price orders and liquidations.
Copyright
Copyright and related rights waived via CC0.