{"componentChunkName":"component---src-pages-sccp-sccp-markdown-remark-frontmatter-sccp-tsx","path":"/sccp/sccp-332/","result":{"data":{"markdownRemark":{"fileAbsolutePath":"/vercel/path0/content/sccp/sccp-332.md","frontmatter":{"sip":null,"sccp":332,"title":"Update Perps V3 Parameters","network":"Base","author":"Kaleb (@kaleb-keny)","type":"Governance","proposal":"https://snapshot.org/#/snxgov.eth/proposal/0x607560c8d0800ed2d55c281afc7b122aa27ed810a163c1e95461f70d9f2be83b","implementor":null,"release":null,"created":null,"updated":null,"status":"Implemented"},"html":"<h1 id=\"simple-summary\" style=\"position:relative;\"><a href=\"#simple-summary\" aria-label=\"simple summary permalink\" class=\"anchor before\"><svg aria-hidden=\"true\" focusable=\"false\" height=\"16\" version=\"1.1\" viewBox=\"0 0 16 16\" width=\"16\"><path fill-rule=\"evenodd\" d=\"M4 9h1v1H4c-1.5 0-3-1.69-3-3.5S2.55 3 4 3h4c1.45 0 3 1.69 3 3.5 0 1.41-.91 2.72-2 3.25V8.59c.58-.45 1-1.27 1-2.09C10 5.22 8.98 4 8 4H4c-.98 0-2 1.22-2 2.5S3 9 4 9zm9-3h-1v1h1c1 0 2 1.22 2 2.5S13.98 12 13 12H9c-.98 0-2-1.22-2-2.5 0-.83.42-1.64 1-2.09V6.25c-1.09.53-2 1.84-2 3.25C6 11.31 7.55 13 9 13h4c1.45 0 3-1.69 3-3.5S14.5 6 13 6z\"></path></svg></a>Simple Summary</h1>\n<p>This SCCP proposes to update the perps v3 parameters as per the below:</p>\n<h2 id=\"max-market-value-and-max-market-size\" style=\"position:relative;\"><a href=\"#max-market-value-and-max-market-size\" aria-label=\"max market value and max market size permalink\" class=\"anchor before\"><svg aria-hidden=\"true\" focusable=\"false\" height=\"16\" version=\"1.1\" viewBox=\"0 0 16 16\" width=\"16\"><path fill-rule=\"evenodd\" d=\"M4 9h1v1H4c-1.5 0-3-1.69-3-3.5S2.55 3 4 3h4c1.45 0 3 1.69 3 3.5 0 1.41-.91 2.72-2 3.25V8.59c.58-.45 1-1.27 1-2.09C10 5.22 8.98 4 8 4H4c-.98 0-2 1.22-2 2.5S3 9 4 9zm9-3h-1v1h1c1 0 2 1.22 2 2.5S13.98 12 13 12H9c-.98 0-2-1.22-2-2.5 0-.83.42-1.64 1-2.09V6.25c-1.09.53-2 1.84-2 3.25C6 11.31 7.55 13 9 13h4c1.45 0 3-1.69 3-3.5S14.5 6 13 6z\"></path></svg></a>Max Market Value and Max Market Size</h2>\n<table>\n<thead>\n<tr>\n<th align=\"center\"><strong>Market</strong></th>\n<th align=\"center\"><strong>Current MMV</strong></th>\n<th align=\"center\"><strong>Proposed MMV</strong></th>\n<th align=\"center\"><strong>Change MMV</strong></th>\n<th align=\"center\"><strong>Current MMS</strong></th>\n<th align=\"center\"><strong>Proposed MMS</strong></th>\n<th align=\"center\"><strong>Change MMS</strong></th>\n</tr>\n</thead>\n<tbody>\n<tr>\n<td align=\"center\">btc</td>\n<td align=\"center\">10.00</td>\n<td align=\"center\">15.00</td>\n<td align=\"center\">+5.00</td>\n<td align=\"center\">230</td>\n<td align=\"center\">400</td>\n<td align=\"center\">+170</td>\n</tr>\n<tr>\n<td align=\"center\">eth</td>\n<td align=\"center\">10.00</td>\n<td align=\"center\">15.00</td>\n<td align=\"center\">+5.00</td>\n<td align=\"center\">5,000</td>\n<td align=\"center\">10,000</td>\n<td align=\"center\">+5,000</td>\n</tr>\n<tr>\n<td align=\"center\">sol</td>\n<td align=\"center\">3.00</td>\n<td align=\"center\">5.00</td>\n<td align=\"center\">+2.00</td>\n<td align=\"center\">30,000</td>\n<td align=\"center\">60,000</td>\n<td align=\"center\">+30,000</td>\n</tr>\n<tr>\n<td align=\"center\">doge</td>\n<td align=\"center\">0.50</td>\n<td align=\"center\">2.00</td>\n<td align=\"center\">+1.50</td>\n<td align=\"center\">4,200,000</td>\n<td align=\"center\">25,000,000</td>\n<td align=\"center\">+20,800,000</td>\n</tr>\n<tr>\n<td align=\"center\">bnb</td>\n<td align=\"center\">0.50</td>\n<td align=\"center\">2.00</td>\n<td align=\"center\">+1.50</td>\n<td align=\"center\">1,200</td>\n<td align=\"center\">7,000</td>\n<td align=\"center\">+5,800</td>\n</tr>\n<tr>\n<td align=\"center\">matic</td>\n<td align=\"center\">0.50</td>\n<td align=\"center\">2.00</td>\n<td align=\"center\">+1.50</td>\n<td align=\"center\">940,000</td>\n<td align=\"center\">6,000,000</td>\n<td align=\"center\">+5,060,000</td>\n</tr>\n<tr>\n<td align=\"center\">avax</td>\n<td align=\"center\">0.50</td>\n<td align=\"center\">2.00</td>\n<td align=\"center\">+1.50</td>\n<td align=\"center\">19,000</td>\n<td align=\"center\">100,000</td>\n<td align=\"center\">+81,000</td>\n</tr>\n<tr>\n<td align=\"center\">sui</td>\n<td align=\"center\">0.25</td>\n<td align=\"center\">1.00</td>\n<td align=\"center\">+0.75</td>\n<td align=\"center\">400,000</td>\n<td align=\"center\">2,000,000</td>\n<td align=\"center\">+1,600,000</td>\n</tr>\n<tr>\n<td align=\"center\">arb</td>\n<td align=\"center\">0.50</td>\n<td align=\"center\">1.00</td>\n<td align=\"center\">+0.50</td>\n<td align=\"center\">565,000</td>\n<td align=\"center\">2,000,000</td>\n<td align=\"center\">+1,435,000</td>\n</tr>\n<tr>\n<td align=\"center\">wif</td>\n<td align=\"center\">1.50</td>\n<td align=\"center\">2.00</td>\n<td align=\"center\">+0.50</td>\n<td align=\"center\">750,000</td>\n<td align=\"center\">1,500,000</td>\n<td align=\"center\">+750,000</td>\n</tr>\n<tr>\n<td align=\"center\">ordi</td>\n<td align=\"center\">0.50</td>\n<td align=\"center\">1.00</td>\n<td align=\"center\">+0.50</td>\n<td align=\"center\">15,000</td>\n<td align=\"center\">50,000</td>\n<td align=\"center\">+35,000</td>\n</tr>\n<tr>\n<td align=\"center\">ftm</td>\n<td align=\"center\">0.50</td>\n<td align=\"center\">1.00</td>\n<td align=\"center\">+0.50</td>\n<td align=\"center\">965,000</td>\n<td align=\"center\">2,000,000</td>\n<td align=\"center\">+1,035,000</td>\n</tr>\n<tr>\n<td align=\"center\">rune</td>\n<td align=\"center\">0.50</td>\n<td align=\"center\">1.00</td>\n<td align=\"center\">+0.50</td>\n<td align=\"center\">94,300</td>\n<td align=\"center\">300,000</td>\n<td align=\"center\">+205,700</td>\n</tr>\n<tr>\n<td align=\"center\">axl</td>\n<td align=\"center\">0.20</td>\n<td align=\"center\">0.50</td>\n<td align=\"center\">+0.30</td>\n<td align=\"center\">200,000</td>\n<td align=\"center\">1,000,000</td>\n<td align=\"center\">+800,000</td>\n</tr>\n<tr>\n<td align=\"center\">ethfi</td>\n<td align=\"center\">0.20</td>\n<td align=\"center\">0.50</td>\n<td align=\"center\">+0.30</td>\n<td align=\"center\">60,000</td>\n<td align=\"center\">300,000</td>\n<td align=\"center\">+240,000</td>\n</tr>\n<tr>\n<td align=\"center\">arkm</td>\n<td align=\"center\">0.24</td>\n<td align=\"center\">0.50</td>\n<td align=\"center\">+0.26</td>\n<td align=\"center\">100,000</td>\n<td align=\"center\">400,000</td>\n<td align=\"center\">+300,000</td>\n</tr>\n<tr>\n<td align=\"center\">inj</td>\n<td align=\"center\">0.25</td>\n<td align=\"center\">0.50</td>\n<td align=\"center\">+0.25</td>\n<td align=\"center\">10,000</td>\n<td align=\"center\">40,000</td>\n<td align=\"center\">+30,000</td>\n</tr>\n<tr>\n<td align=\"center\">stx</td>\n<td align=\"center\">0.25</td>\n<td align=\"center\">0.50</td>\n<td align=\"center\">+0.25</td>\n<td align=\"center\">200,000</td>\n<td align=\"center\">500,000</td>\n<td align=\"center\">+300,000</td>\n</tr>\n<tr>\n<td align=\"center\">tia</td>\n<td align=\"center\">0.25</td>\n<td align=\"center\">0.50</td>\n<td align=\"center\">+0.25</td>\n<td align=\"center\">100,000</td>\n<td align=\"center\">120,000</td>\n<td align=\"center\">+20,000</td>\n</tr>\n<tr>\n<td align=\"center\">pendle</td>\n<td align=\"center\">0.25</td>\n<td align=\"center\">0.50</td>\n<td align=\"center\">+0.25</td>\n<td align=\"center\">100,000</td>\n<td align=\"center\">200,000</td>\n<td align=\"center\">+100,000</td>\n</tr>\n<tr>\n<td align=\"center\">gmx</td>\n<td align=\"center\">0.25</td>\n<td align=\"center\">0.50</td>\n<td align=\"center\">+0.25</td>\n<td align=\"center\">10,000</td>\n<td align=\"center\">35,000</td>\n<td align=\"center\">+25,000</td>\n</tr>\n<tr>\n<td align=\"center\">tao</td>\n<td align=\"center\">0.25</td>\n<td align=\"center\">0.50</td>\n<td align=\"center\">+0.25</td>\n<td align=\"center\">2,000</td>\n<td align=\"center\">3,000</td>\n<td align=\"center\">+1,000</td>\n</tr>\n<tr>\n<td align=\"center\">pepe</td>\n<td align=\"center\">1.50</td>\n<td align=\"center\">1.50</td>\n<td align=\"center\">-</td>\n<td align=\"center\">360,000,000,000</td>\n<td align=\"center\">360,000,000,000</td>\n<td align=\"center\">-</td>\n</tr>\n<tr>\n<td align=\"center\">link</td>\n<td align=\"center\">1.00</td>\n<td align=\"center\">1.00</td>\n<td align=\"center\">-</td>\n<td align=\"center\">100,000</td>\n<td align=\"center\">120,000</td>\n<td align=\"center\">+20,000</td>\n</tr>\n<tr>\n<td align=\"center\">op</td>\n<td align=\"center\">1.00</td>\n<td align=\"center\">1.00</td>\n<td align=\"center\">-</td>\n<td align=\"center\">500,000</td>\n<td align=\"center\">750,000</td>\n<td align=\"center\">+250,000</td>\n</tr>\n<tr>\n<td align=\"center\">bonk</td>\n<td align=\"center\">1.00</td>\n<td align=\"center\">1.00</td>\n<td align=\"center\">-</td>\n<td align=\"center\">55,000,000,000</td>\n<td align=\"center\">75,000,000,000</td>\n<td align=\"center\">+20,000,000,000</td>\n</tr>\n<tr>\n<td align=\"center\">gala</td>\n<td align=\"center\">0.25</td>\n<td align=\"center\">0.25</td>\n<td align=\"center\">-</td>\n<td align=\"center\">20,000,000</td>\n<td align=\"center\">20,000,000</td>\n<td align=\"center\">-</td>\n</tr>\n<tr>\n<td align=\"center\">ton</td>\n<td align=\"center\">0.25</td>\n<td align=\"center\">0.25</td>\n<td align=\"center\">-</td>\n<td align=\"center\">200,000</td>\n<td align=\"center\">200,000</td>\n<td align=\"center\">-</td>\n</tr>\n<tr>\n<td align=\"center\">ena</td>\n<td align=\"center\">1.00</td>\n<td align=\"center\">1.00</td>\n<td align=\"center\">-</td>\n<td align=\"center\">1,500,000</td>\n<td align=\"center\">3,000,000</td>\n<td align=\"center\">+1,500,000</td>\n</tr>\n<tr>\n<td align=\"center\">bome</td>\n<td align=\"center\">0.50</td>\n<td align=\"center\">0.50</td>\n<td align=\"center\">-</td>\n<td align=\"center\">80,000,000</td>\n<td align=\"center\">90,000,000</td>\n<td align=\"center\">+10,000,000</td>\n</tr>\n<tr>\n<td align=\"center\">w</td>\n<td align=\"center\">0.50</td>\n<td align=\"center\">0.50</td>\n<td align=\"center\">-</td>\n<td align=\"center\">1,400,000</td>\n<td align=\"center\">2,000,000</td>\n<td align=\"center\">+600,000</td>\n</tr>\n<tr>\n<td align=\"center\">snx</td>\n<td align=\"center\">1.00</td>\n<td align=\"center\">0.50</td>\n<td align=\"center\">-0.50</td>\n<td align=\"center\">500,000</td>\n<td align=\"center\">500,000</td>\n<td align=\"center\">-</td>\n</tr>\n</tbody>\n</table>\n<h1 id=\"abstract\" style=\"position:relative;\"><a href=\"#abstract\" aria-label=\"abstract permalink\" class=\"anchor before\"><svg aria-hidden=\"true\" focusable=\"false\" height=\"16\" version=\"1.1\" viewBox=\"0 0 16 16\" width=\"16\"><path fill-rule=\"evenodd\" d=\"M4 9h1v1H4c-1.5 0-3-1.69-3-3.5S2.55 3 4 3h4c1.45 0 3 1.69 3 3.5 0 1.41-.91 2.72-2 3.25V8.59c.58-.45 1-1.27 1-2.09C10 5.22 8.98 4 8 4H4c-.98 0-2 1.22-2 2.5S3 9 4 9zm9-3h-1v1h1c1 0 2 1.22 2 2.5S13.98 12 13 12H9c-.98 0-2-1.22-2-2.5 0-.83.42-1.64 1-2.09V6.25c-1.09.53-2 1.84-2 3.25C6 11.31 7.55 13 9 13h4c1.45 0 3-1.69 3-3.5S14.5 6 13 6z\"></path></svg></a>Abstract</h1>\n<p>The parameters configurations description is as follows:</p>\n<ul>\n<li>maxMarketSize is the max market value of the relevant market in the underlying currency</li>\n<li>maxMarketValue is the max market value of the relevant market in USD</li>\n</ul>\n<h1 id=\"motivation\" style=\"position:relative;\"><a href=\"#motivation\" aria-label=\"motivation permalink\" class=\"anchor before\"><svg aria-hidden=\"true\" focusable=\"false\" height=\"16\" version=\"1.1\" viewBox=\"0 0 16 16\" width=\"16\"><path fill-rule=\"evenodd\" d=\"M4 9h1v1H4c-1.5 0-3-1.69-3-3.5S2.55 3 4 3h4c1.45 0 3 1.69 3 3.5 0 1.41-.91 2.72-2 3.25V8.59c.58-.45 1-1.27 1-2.09C10 5.22 8.98 4 8 4H4c-.98 0-2 1.22-2 2.5S3 9 4 9zm9-3h-1v1h1c1 0 2 1.22 2 2.5S13.98 12 13 12H9c-.98 0-2-1.22-2-2.5 0-.83.42-1.64 1-2.09V6.25c-1.09.53-2 1.84-2 3.25C6 11.31 7.55 13 9 13h4c1.45 0 3-1.69 3-3.5S14.5 6 13 6z\"></path></svg></a>Motivation</h1>\n<p>The motivation behind the changes to scale up perps trading on base, as the LP collateral pool size has increased.</p>\n<h1 id=\"copyright\" style=\"position:relative;\"><a href=\"#copyright\" aria-label=\"copyright permalink\" class=\"anchor before\"><svg aria-hidden=\"true\" focusable=\"false\" height=\"16\" version=\"1.1\" viewBox=\"0 0 16 16\" width=\"16\"><path fill-rule=\"evenodd\" d=\"M4 9h1v1H4c-1.5 0-3-1.69-3-3.5S2.55 3 4 3h4c1.45 0 3 1.69 3 3.5 0 1.41-.91 2.72-2 3.25V8.59c.58-.45 1-1.27 1-2.09C10 5.22 8.98 4 8 4H4c-.98 0-2 1.22-2 2.5S3 9 4 9zm9-3h-1v1h1c1 0 2 1.22 2 2.5S13.98 12 13 12H9c-.98 0-2-1.22-2-2.5 0-.83.42-1.64 1-2.09V6.25c-1.09.53-2 1.84-2 3.25C6 11.31 7.55 13 9 13h4c1.45 0 3-1.69 3-3.5S14.5 6 13 6z\"></path></svg></a>Copyright</h1>\n<p>Copyright and related rights waived via <a href=\"https://creativecommons.org/publicdomain/zero/1.0/\">CC0</a>.</p>"}},"pageContext":{"id":"8df25582-fcf4-5903-a55e-ac2c27c580d5","frontmatter__sccp":332,"__params":{"frontmatter__sccp":"332"}}},"staticQueryHashes":[]}