SCCP-395: Disable Atomic Spot Trading on Spot Markets
| Author | Kaleb |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Base |
| Implementor | TBD |
| Release | TBD |
| Proposal | Loading status... |
| Created | 2025-02-26 |
Simple Summary
Following the implementation of SIP-406, this sccp proposes to disable atomic trading on scbBTC, scbETH, sWETH and swstETH.
Abstract
Atomic trading fees have been set to 30% as per SCCP-357 given the lack of function to disable this kind of trading. This SCCP ensures that traders cannot atomically execute swap transaction, regardless of the fee imposed by switching atomicOrdersEnabled to a False state on these synths.
Motivation
The main motivation is to ensure that traders who deposit cbBTC can always get back their margin when they want to exit the system, as all the scbBTC would be backed 1 to 1 by an underlying.
Copyright
Copyright and related rights waived via CC0.