SCCP-392: Update Perps V3 Parameters
| Author | |
|---|---|
| Status | Vote_Pending |
| Type | Governance |
| Network | Base |
| Implementor | TBD |
| Release | TBD |
| Proposal | Loading status... |
| Created | 2025-02-21 |
Simple Summary
This SCCP proposes to update the perps v3 parameters as per the below:
Skew Scale
| Market | Current | Proposed | Cex Slippage | Snx Slippage |
|---|---|---|---|---|
| Axie Infinity | 2,218,700 | 3,341,000 | 42 | 169 |
| Melania Meme | 3,730,900 | 5,806,000 | 85 | 340 |
| Aave | 103,900 | 163,000 | 15 | 58 |
| Polkadot | 7,268,400 | 11,460,000 | 11 | 43 |
| Meme coin | 1,300,000,000 | 2,053,463,000 | 71 | 285 |
| Ordinals | 100,000,000,000,000 | 158,703,939,009,000 | 31 | 126 |
| Algorand | 54,100,700 | 86,271,000 | 27 | 107 |
| Bonk | 802,983,764,800 | 1,294,569,458,000 | 30 | 120 |
| Shiba Inu | 2,572,944,297,100 | 4,162,312,435,000 | 10 | 38 |
| Injective | 1,128,300 | 1,838,000 | 21 | 85 |
| Sui | 15,109,000 | 24,967,000 | 7 | 28 |
| Starknet | 29,585,200 | 49,609,000 | 53 | 214 |
| Bitcoin Cash | 84,900 | 147,000 | 13 | 52 |
| Compound | 78,300 | 136,000 | 82 | 327 |
| Near Protocol | 6,973,600 | 12,491,000 | 14 | 57 |
| Wif | 30,000,000 | 54,873,000 | 17 | 70 |
| Filecoin | 8,723,100 | 16,007,000 | 11 | 44 |
| Chainlink | 3,054,000 | 5,770,000 | 6 | 24 |
| Curve Dao | 36,240,800 | 68,741,000 | 17 | 68 |
| Synthetix Network Token | 3,627,800 | 7,161,000 | 88 | 352 |
| THORChain | 6,000,000 | 12,135,000 | 41 | 166 |
| Dogecoin | 408,170,800 | 885,716,000 | 3 | 11 |
| Cat in a dogs world | 911,660,400 | 2,062,547,000 | 105 | 418 |
| Virtuals Protocol | 4,931,300 | 11,285,000 | 48 | 190 |
| Ethena | 39,767,500 | 101,293,000 | 15 | 59 |
| Cardano | 82,468,000 | 221,196,000 | 4 | 14 |
| Pepe | 4,152,595,936,800 | 11,169,613,416,000 | 6 | 23 |
| Fartcoin | 8,710,600 | 30,980,000 | 56 | 224 |
Slippage per 500k$ trade
Abstract
skewScale is the scaling factor of the relevant market in the underlying currency for computing PD and Funding Rates.
Motivation
The proposed parameter changes on skew scale aim at increasing the incentive on arbitrageurs to arbitrage the skew.
Copyright
Copyright and related rights waived via CC0.