{"componentChunkName":"component---src-pages-sccp-sccp-markdown-remark-frontmatter-sccp-tsx","path":"/sccp/sccp-356/","result":{"data":{"markdownRemark":{"fileAbsolutePath":"/vercel/path0/content/sccp/sccp-356.md","frontmatter":{"sip":null,"sccp":356,"title":"Update Perps V3 Parameters - Base","network":"Base","author":"Kaleb","type":"Governance","proposal":"https://snapshot.org/#/snxgov.eth/proposal/0x2e5e46cbe9ee39851a34479f6ff7a88c92033e6f0096ec41819f60f78dc41a1d","implementor":null,"release":null,"created":"2024-10-08T00:00:00.000Z","updated":null,"status":"Implemented"},"html":"

Simple Summary

\n

This SCCP proposes to perform the following changes to Perps V3 Parameters:

\n

Max Market Value and Max Market Size

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tickerPrevious MMVNew MMVPrevious MMSNew MMS
btc15,000,00050,000,0004001,200
eth15,000,00050,000,00010,00030,700
sol5,000,00020,000,00060,000205,550
xrp50,0002,000,000208,2495,646,550
ada100,0002,000,000499,9848,476,200
trx50,0002,000,000796,48119,348,600
shib50,0002,000,0005,813,953,488168,208,578,650
sui1,000,0002,000,0002,000,0001,559,950
ltc50,0002,000,0001,33045,400
link1,000,0002,000,000120,000265,650
ftm1,000,0002,000,0002,000,0004,655,350
dot50,0002,000,00015,793724,950
bonk1,000,0002,000,00075,000,000,000135,525,228,000
near50,0002,000,00018,900596,400
ton250,0002,000,000200,000576,800
aave1,000,0002,000,00015,00020,600
ordi1,000,0002,000,00050,00082,100
apt50,0002,000,00014,055352,300
fil50,0002,000,00022,379812,100
bch50,0002,000,0002569,350
crv500,0001,000,0003,000,0005,814,100
sei50,0001,000,000293,3173,496,500
tia500,0001,000,000120,000279,500
uni100,0001,000,00021,419209,100
etc50,0001,000,0004,20080,750
inj500,0001,000,00040,00073,500
tao500,0001,000,0003,0002,450
stx500,0001,000,000500,000849,150
dydx50,0001,000,00072,8601,703,200
atom50,0001,000,00014,718329,300
eos50,0001,000,000172,8513,182,150
bome500,0001,000,00090,000,000229,513,950
xlm50,0001,000,0001,090,42516,384,500
gala250,000500,00020,000,00036,165,750
jup50,000500,000121,567967,850
blur50,000500,000496,6843,329,150
ldo200,000500,000200,340695,300
axs50,000500,00016,488162,000
icp50,000500,00012,12291,100
algo100,000500,0001,360,0685,953,850
grt50,000500,000472,0434,516,800
jto50,000500,00041,441369,800
strk50,000500,000144,7431,904,850
imx50,000500,00063,418508,750
meme50,000500,0005,336,17973,846,350
sushi50,000500,000117,9601,018,050
yfi50,000500,00015150
comp50,000500,0002,00317,000
fxs50,000500,00033,029371,700
pyth100,000500,000617,7172,277,900
flow50,000500,000159,3951,380,350
bal50,000500,00033,624377,600
\n

Max Funding Rate Velocity

\n\n

Skew Scale

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
tickerCurrent ScaleProposed ScaleCex SlippageCurrent SlippageProposed Slippage
snx3,400,00010,200,00076505168
sol1,406,2502,812,5002126
wif15,000,00030,000,000156432
w26,250,00059,062,50043291129
ena25,500,000102,000,0003534486
doge789,000,0001,578,000,00072914
avax1,250,0002,500,000127537
op16,000,00024,000,000339563
ordi870,0001,305,000207952
pepe8,400,000,000,00012,600,000,000,00092920
rune3,000,0006,000,0003716583
bonk800,000,000,0001,600,000,000,0001914171
ftm59,000,000118,000,000176633
arb41,000,00082,000,0002011155
bnb250,000375,00051812
link3,750,0005,625,000135939
pendle3,000,0006,000,00056217109
inj750,0002,250,0002416354
gmx125,000250,000132913457
tia3,000,0006,000,0002415578
sui27,500,00055,000,000134724
ton4,000,00012,000,0001712040
arkm5,500,00011,000,00072303151
gala750,000,0001,125,000,00050161107
tao16,25032,50033251126
bome1,875,000,0003,750,000,00036204102
ethfi5,500,00016,500,00048312104
stx7,500,00022,500,0002718963
axl3,375,00010,125,0001191,171390
aave180,000360,000179548
ada150,000,000300,000,00074724
algo51,937,500103,875,00052382191
apt3,037,5006,075,000209748
atom5,625,00011,250,000289849
axs2,109,3754,218,75056256128
bch84,375168,750199246
blur50,000,000100,000,00053222111
comp120,938241,87683469234
crv120,000,000240,000,000198140
dot7,500,00015,000,000128140
dydx18,000,00045,000,0002715863
eos48,000,00072,000,0003111074
etc2,250,0003,375,000216040
ethbtc1,700,000,0003,400,000,000103819
fil6,375,00012,750,0001510653
fxs1,403,1252,104,688310883589
grt75,000,000112,500,00058201134
icp2,000,0003,000,00052152101
imx5,600,0008,400,00085303202
jto4,000,0008,000,00083308154
jup22,500,00033,750,0004814396
ldo14,000,00021,000,00060166110
meme325,000,0001,300,000,00072757189
near9,375,00011,718,750165342
pyth30,000,00060,000,00063253127
sei35,500,00071,000,0002116482
shib1,875,000,000,0003,750,000,000,000137537
strk20,000,00040,000,00056317159
sushi8,000,00016,000,00095424212
trx322,500,000806,250,00095020
uni2,250,0004,500,0002415577
xlm166,500,000333,000,0004316482
\n

Keeper Gas Parameters

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Parameter NameCurrent ValueNew Value
L1 Gas – Settle30,00023,000
L2 Gas – Settle2,450,0005,500,000
L1 Size – Settle5,0005,000
L1 Gas – Flag31,0004,500
L2 Gas – Flag1,160,000450,000
L1 Size – Flag5,0003,000
L1 Gas – Liquidate5,50026,600
L2 Gas – Liquidate600,0002,300,000
L1 Size – Liquidate1,1005,050
\n

Motivation

\n

The changes related to skew scale and max funding rate velocity aim at aligning the parameters of Perps V3 markets on Base with the current state of market liquidity.\nFurthermore, the remaining parameters are updated to take advantage of the new features provided by the recent Perps V3 Multicollateral deployment.

\n

Copyright

\n

Copyright and related rights waived via CC0.

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