This SCCP proposes to increase the
exchangeMaxDynamicFee to 10% from 1.5%.
exchangeMaxDynamicFeeis the maximum fee that could be paid, after taking into consideration dynamic fees.
exchangeMaxDynamicFee was initially lowered to 1.5% in order to avoid situation of charging too high of a fee on the futures v1 markets. However with dynamic fees long deprecated, with the help of the direct integration manager, the
exchangeMaxDynamicFee can be increased without impacting the perps v2 & lyra vaults trading experience experience.
It is necessary to raise the
exchangeMaxDynamicFee as some volatile perps v2 markets, will throw a
rate too volatile error when trying to fetch a position from perp contracts, while in reality, this fee is overridden by the
DirectIntegrationManager upon initiation and execution of a given trade.
Copyright and related rights waived via CC0.