SCCP-245: Update SOL perp parameters
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Optimism |
| Implementor | TBD |
| Release | TBD |
| Proposal | Loading status... |
| Created | 2022-11-11 |
Simple Summary
For SOL perp: (1) reduce skewScaleUsd from 50M to 10M sUSD, and (2) increase maxMarketValueUsd from 200k to 1M sUSD
Abstract
This SCCP proposes parameter adjustments to the SOL perp market to better align with market conditions.
Motivation
SOL liquidity has materially deteriorated pushing external funding rates significantly higher. Reducing skewScaleUsd can rectify this discrepancy while temporarily increasing maxMarketValueUsd can expand arb capacity and allow for a more targeted/progressive unwinding of SOL perp OI.
Copyright
Copyright and related rights waived via CC0.