SCCP-295: Deter Trading with Atomic & Delayed Orders

Author
StatusImplemented
TypeGovernance
NetworkOptimism
ImplementorTBD
ReleaseTBD
ProposalLoading status...
Created2023-04-13

Simple Summary

This SCCP proposes dissuade trading on atomic & delayed order by increasing fees on all perp markets to 30%. This does not affect pyth fees whereby the fees are outlined in SCCP-293.

Abstract

The fee configurations that will be updated to 30% are:

  • takerFeeDelayedOrder
  • makerFeeDelayedOrder
  • makerFee
  • takerFee

Motivation

The alternative orders types were kept in existing perp v2 contracts because of historical purposes, whereby the new offchain perp markets were built on top of functionalities available in perps v1 contracts. However, they expose both debt pool stakers and traders to risks of losses if left unchecked. Note that integrators were asked to not support these alternative order types.

Copyright and related rights waived via CC0.