{"componentChunkName":"component---src-pages-sccp-sccp-markdown-remark-frontmatter-sccp-tsx","path":"/sccp/sccp-297/","result":{"data":{"markdownRemark":{"fileAbsolutePath":"/vercel/path0/content/sccp/sccp-297.md","frontmatter":{"sip":null,"sccp":297,"title":"Lower Liquidator Fee Ratio","network":"Optimism","author":"Fifa","type":"Governance","proposal":"https://snapshot.org/#/snxgov.eth/proposal/0xc843e455bac322436c46097982052442f14723d31fb2eb02506ad8b5ed8cc73d","implementor":null,"release":null,"created":"2023-04-24T00:00:00.000Z","updated":null,"status":"Implemented"},"html":"

Simple Summary

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This SCCP proposes to lower the liquidation fee ratio from 35 bp to 2 bp.

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Abstract

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The liquidationFeeRatio is fee rate applied on the position size for flagging a position for liquidation, it is capped at the maxKeeperFee and floored at the keeperLiquidationFee.

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Motivation

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The fee should be lowered in order to incentivize keepers to liquidate large positions with priority. Currently the 35 bp fee would treat all positions with a size above 28k$ with equal priority, lowering that fee to 2 bp would result in incentivization of large positions (up to 500k$) with higher priority due to the larger fee that could be earned.

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Copyright

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Copyright and related rights waived via CC0.

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