SCCP-288: Update Issue Fee Rate - Shorts
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Optimism |
| Implementor | TBD |
| Release | TBD |
| Proposal | Loading status... |
| Created | 2023-03-09 |
Simple Summary
Lower the issueFeeRate on the collateral short contract to 10 bp from 40 bp.
Abstract
The issueFeeRate is the rate paid on opening or drawing on a short position.
Motivation
Currently shorts are exclusively used by the lyra contracts, although the lyra protocol will switch over to the perps implementation in the coming months, the proposed parameter changes will help reduce the cost on lyra users and improve the user experience.
Copyright
Copyright and related rights waived via CC0.