{"componentChunkName":"component---src-pages-sccp-sccp-markdown-remark-frontmatter-sccp-tsx","path":"/sccp/sccp-2045/","result":{"data":{"markdownRemark":{"fileAbsolutePath":"/vercel/path0/content/sccp/sccp-2045.md","frontmatter":{"sip":null,"sccp":2045,"title":"Update Skew Scale Parameters","network":"Optimism","author":"Kaleb (@kaleb-keny)","type":"Governance","proposal":"https://snapshot.org/#/snxgov.eth/proposal/0xd1443eb4e051df817f9242e0a4e7e5a512a110d6a12dfba785c95e0a24d60723","implementor":null,"release":null,"created":"2023-09-21T00:00:00.000Z","updated":null,"status":"Implemented"},"html":"

Simple Summary

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This SCCP proposes to decrease the skew scale by 25% on the below markets:

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MarketCurrentProposedSynthetix Slippage 100k$Cex Slippage 100k$
PEPE30,000,000,000,00022,500,000,000,0003412
SHIB10,000,000,000,0007,500,000,000,00094
DOGE2,500,000,0001,875,000,00042
ZIL950,000,000712,500,0004321
TRX1,000,000,000750,000,00086
ADA400,000,000300,000,00072
ONE750,000,000562,500,0009026
FTM300,000,000225,000,000116
ALGO277,000,000207,750,0002512
XRP500,000,000375,000,00031
XLM333,000,000249,750,000177
EOS128,000,00096,000,00090
MATIC200,000,000150,000,00063
CRV100,000,00075,000,000155
SEI142,000,000106,500,0003713
APE60,000,00045,000,000105
1INCH60,000,00045,000,0004314
CELO55,000,00041,250,000279
SUI90,000,00067,500,000176
ARB75,000,00056,250,000114
RUNE34,000,00025,500,000105
OP60,000,00045,000,00085
DYDX30,000,00022,500,000115
ENJ46,000,00034,500,0006220
SUSHI21,000,00015,750,0005019
LINK20,000,00015,000,00052
ZRX40,000,00030,000,0009122
FLOW20,000,00015,000,0007418
LDO19,000,00014,250,0002211
XTZ19,000,00014,250,0005216
FIL17,000,00012,750,000125
BLUR34,000,00025,500,00011123
NEAR25,000,00018,750,000247
PERP25,000,00018,750,0004415
MAV21,000,00015,750,00013034
DOT20,000,00015,000,00084
KNC18,000,00013,500,0006224
UNI8,000,0006,000,000195
ATOM7,500,0005,625,000127
RNDR10,000,0007,500,0004115
APT8,100,0006,075,000154
ETC4,000,0003,000,000103
ICP4,000,0003,000,0005519
INJ3,800,0002,850,0002410
SOL7,500,0005,625,00042
UMA3,700,0002,775,00013037
AVAX5,000,0003,750,000145
AXS5,000,0003,750,0002912
LTC2,250,0001,687,50042
ZEC780,000585,0003319
BAL1,500,0001,125,00013332
COMP645,000483,750268
FXS1,250,000937,50010023
AAVE450,000337,5002411
BNB850,000637,50042
XMR255,000191,2501810
BCH500,000375,00064
MKR48,00036,000117
YFI1,5001,1258021
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Abstract

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skewScale is the scaling factor of the relevant market in the underlying currency for computing PD and Funding Rates.

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Motivation

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The main motivation is to increase the incentive on arbitrageurs to arbitrage the skew by targeting an effective liquidity comfortably below liquidity available on centralized exchanges.

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Copyright

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Copyright and related rights waived via CC0.

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