SCCP-402: Update Perps V3 Parameters
| Author | Kaleb |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Base |
| Implementor | TBD |
| Release | TBD |
| Proposal | Loading status... |
| Created | 2025-03-28 |
Simple Summary
This sccp proposes to update the maxMarketSize and maxMarketValue of the below markets:
| Market | New Size | New MMV* | Old OI* | New OI* | Cex OI* |
|---|---|---|---|---|---|
| arb | 5,586,592 | 1 | 0.72 | 1.00 | 33 |
| arkm | 1,703,578 | 0.5 | 0.23 | 0.50 | 12 |
| bal | 144,092 | 0.1 | 0.10 | 0.10 | 2 |
| blur | 8,719,156 | 0.5 | 0.38 | 0.50 | 5 |
| bome | 695,894,224 | 0.5 | 0.33 | 0.50 | 10 |
| cat | 67,842,605,156 | 0.25 | 0.25 | 0.25 | 4 |
| chillguy | 36,764,706 | 0.5 | 0.16 | 0.50 | 5 |
| degen | 95,026,924 | 0.15 | 0.15 | 0.15 | 2 |
| eigen | 1,901,502 | 1 | 0.28 | 1.00 | 13 |
| ethbtc | 268,096,515 | 3 | 1.62 | 3.00 | 30 |
| ethfi | 3,169,572 | 1 | 0.19 | 1.00 | 11 |
| io | 1,210,214 | 0.5 | 0.39 | 0.50 | 11 |
| jup | 10,309,278 | 0.5 | 0.44 | 0.50 | 7 |
| kaito | 886,211 | 0.5 | 0.20 | 0.50 | 20 |
| ldo | 2,098,416 | 1 | 0.50 | 1.00 | 35 |
| melania | 3,120,125 | 1 | 0.64 | 1.00 | 10 |
| moodeng | 26,497,085 | 0.5 | 1.00 | 0.50 | 6 |
| morpho | 350,385 | 0.25 | 0.25 | 0.25 | 3 |
| op | 2,353,495 | 1 | 0.64 | 1.00 | 29 |
| ordi | 226,475 | 1 | 0.73 | 1.00 | 30 |
| pengu | 305,343,511 | 1 | 3.00 | 1.00 | 17 |
| pnut | 10,662,117 | 1 | 0.75 | 1.00 | 52 |
| pyth | 6,411,900 | 0.5 | 0.36 | 0.50 | 8 |
| rune | 847,458 | 0.5 | 0.35 | 0.50 | 12 |
| sats | 44,247,787,610,619 | 2 | 0.30 | 2.00 | 51 |
| sei | 10,167,768 | 1 | 0.69 | 1.00 | 31 |
| slerf | 3,184,713 | 0.1 | 0.10 | 0.10 | 1 |
| snx | 1,179,245 | 0.5 | 0.42 | 0.50 | 7 |
| strk | 6,157,635 | 0.5 | 0.31 | 0.50 | 9 |
| stx | 2,958,580 | 1 | 0.57 | 1.00 | 10 |
| tao | 7,886 | 1 | 0.62 | 1.00 | 31 |
| trump | 571,265 | 3 | 1.10 | 3.00 | 103 |
| virtual | 1,464,343 | 0.5 | 0.34 | 0.50 | 12 |
| w | 21,510,002 | 1 | 0.19 | 1.00 | 13 |
| wif | 4,126,264 | 1 | 0.73 | 1.00 | 45 |
| wld | 6,861,848 | 3 | 0.37 | 3.00 | 63 |
| xlm | 7,247,952 | 1 | 1.00 | 1.00 | 39 |
| xrp | 1,793,079 | 2 | 2.00 | 2.00 | 503 |
Abstract
The oi cap determined in the market is based on the minimum of the below;
- The max market size is the cap on the oi in the underlying market in the markets' native currency.
- The max market value is the cap on the oi in a given market in us dollars.
Motivation
Given the recent price action, many of the markets have had their oi in dollar terms decrease significantly leading to tighter oi limit. This SCCP aligns the maxMarketSize and maxMarketValue limits with the liquidity available in the most liquid exchange venues.
Copyright
Copyright and related rights waived via CC0.