SCCP-278: Unwind Perps V1 Markets

Author
StatusImplemented
TypeGovernance
NetworkOptimism
ImplementorTBD
ReleaseTBD
ProposalLoading status...
Created2023-02-08

Simple Summary

This SCCP proposes to lower the open interest capacity on perps v1 markets gradually, as traders unwind their position. This SCCP can only be implemented subsequent to SCCP-277.

Abstract

The parameters configuration that would be changed is maxMarketValueUSD which would be lowered iteratively to the amount of open interest available until the maxMarketValueUSD reaches zero.

Motivation

The main motivation is to unwind in the least disruptive manner the perps v1 markets.

Copyright

Copyright and related rights waived via CC0.