SCCP-233: Unpause OP Market
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Optimism |
| Implementor | TBD |
| Release | TBD |
| Proposal | Loading status... |
| Created | 2022-09-12 |
Simple Summary
This SCCP proposes to unpause the OP market with the following parameters:
| Parameter Name | Parameter |
|---|---|
| takerFee | 45 bp |
| makerFee | 40 bp |
| takerFeeNextPrice | 40 bp |
| makerFeeNextPrice | 35 bp |
| maxLeverage | 10 |
| maxFundingRate | 10% |
| skewScaleUSD | 10M |
| maxMarketValueUSD | 100k |
| nextPriceConfirmWindow | 2 |
Abstract
The parameter descriptions are as follows:
makerFeeNextPriceandtakerFeeNextPriceare the fees paid by traders when filled for next price futures orders.makerFeeandtakerFeeare 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 skewScaleUSD means 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.
Motivation
The primary motivation is to launch the OP market for trading.
Copyright
Copyright and related rights waived via CC0.