This SCCP proposes to unpause the DebtRatio, DOGE and BNB markets. The DOGE and BNB markets would take on the following parameters, while the DebtRatio parameters would be the ones specified in SIP-257.
takerFeeNextPriceare the fees paid by traders when filled for next price futures orders.
takerFeeare the fees paid by traders when filled for immediate orders.
maxMarketValueUSDis the maximum amount of open interest allowed on each side of a market.
maxFundingRateis the maximum funding rate per day a position can take on.
skewScaleUSDdetermines the funding rate, a lower
skewScaleUSDmeans that funding will be more pronounced to changes in the skew, while a larger leads to buffered reaction.
nextPriceConfirmationWindowis the number of chainlink rounds, by which a next price order needs to be confirmed.
maxLeverageis the maximum leverage that can be assumed by a position.
The oi parameters were set based on the slippage one would inccur by trading these tokens on centralized exchanges. This can be seen in this chart under the
1%_slip column, which represents the $ million volume required to push a price by 1%.
The fees are calibrated by looking at the spread between centralized exchanges prices and those seen on chain for BNB and DOGE. A wider delta requires more significant fees to lean against latency bots, for now but not for long.
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