This SCCP proposes to update the perp parameters as the below configuration:
\n| Market | \nCurrent OI | \nProposed OI | \nCurrent OI $ | \nProposed OI $ | \nOI$ Delta | \n
|---|---|---|---|---|---|
| sETH | \n20,000 | \n27,000 | \n$ 37,361,200 | \n$ 50,437,620 | \n$ 13,076,420 | \n
| sSTETH | \n3,000 | \n1,500 | \n$ 5,586,378 | \n$ 2,793,189 | \n$ (2,793,189) | \n
| sDOGE | \n70,000,000 | \n50,000,000 | \n$ 5,523,987 | \n$ 3,945,705 | \n$ (1,578,282) | \n
| sBNB | \n40,000 | \n20,000 | \n$ 9,758,624 | \n$ 4,879,312 | \n$ (4,879,312) | \n
| sCRV | \n2,000,000 | \n3,000,000 | \n$ 1,279,621 | \n$ 1,919,431 | \n$ 639,810 | \n
| sXRP | \n10,000,000 | \n4,250,000 | \n$ 7,036,999 | \n$ 2,990,725 | \n$ (4,046,275) | \n
| sLTC | \n45,000 | \n32,000 | \n$ 4,223,915 | \n$ 3,003,673 | \n$ (1,220,242) | \n
| currency | \nCurrent Scale | \nProposed Scale | \nDelta | \n
|---|---|---|---|
| sBNB | \n750,000 | \n850,000 | \n+ 100,000 | \n
| sXRP | \n300,000,000 | \n500,000,000 | \n+ 200,000,000 | \n
| sLTC | \n1,650,000 | \n2,250,000 | \n+ 600,000 | \n
| sSOL | \n6,000,000 | \n7,500,000 | \n+ 1,500,000 | \n
| sADA | \n290,000,000 | \n400,000,000 | \n+ 110,000,000 | \n
| sMATIC | \n125,000,000 | \n200,000,000 | \n+ 75,000,000 | \n
Increase the offchain maker fee on FTM and BCH back to 2 bp from 0 bp currently (undoing SCCP-2019)
\nIncrease the maxFundingVelocity to 36 on the following sSTETH, sINJ, sFLOKI, sPEPE, sTRX, sDOT, sATOM, sARB, sDOGE, sLINK, sAXS, sUNI, sLDO, sBLUR, sSHIB, sAVAX, sBNB, sCRV, sOP, sLTC, sAPT, sDYDX, sSOL, sSUI, sFIL, sADA, sAPE, sNEAR, sAAVE, sMATIC, sGMX, sFLOW, sETHBTC, sYFI, sMKR, sCOMP, sXMR, sMAV, sBCH, sRPL, sETC, sXRP and sFTM.
Therefore, the maxFundingVelocity on sETH, sBTC, forex and commodities markets would remain unchanged.
The parameters configurations description is as follows:
\nThe main motivation is as follows:
\nCopyright and related rights waived via CC0.
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