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Simple Summary

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Increase minKeeperFee from 1000000000000000000 (1 sUSD) to 2000000000000000000 (2 sUSD)

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Abstract

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minKeeperFee defines the amount in sUSD to pay keepers for executing delayed orders (both on-chain and off-chain). This SCCP proposes to double the amount from 1 sUSD to 2 sUSD.

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Motivation

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The current sUSD amount paid to keepers is exactly 1 sUSD. 1 sUSD barely covers the amount required in gas to execute an order, specifically off-chain delayed orders. Depending on network activity and the price of ETH, sometimes keepers even make a loss. The cause for this is largely due to the gas requirements needed for uploading and updating price data on-chain before executing an order.

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This change should be made to ensure orders are executed in a timely manner by many individuals/entities. It directly improves protocol decentralisation, general protocol stability, and offers a better user experience for traders.

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There are some caveats to consider when updating minKeeperFee:

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Copyright

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Copyright and related rights waived via CC0.

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