{"componentChunkName":"component---src-pages-sccp-sccp-markdown-remark-frontmatter-sccp-tsx","path":"/sccp/sccp-382/","result":{"data":{"markdownRemark":{"fileAbsolutePath":"/vercel/path0/content/sccp/sccp-382.md","frontmatter":{"sip":null,"sccp":382,"title":"Update Perps V3 Parameters","network":"Base","author":"Kaleb (@kaleb-keny)","type":"Governance","proposal":"https://snapshot.org/#/snxgov.eth/proposal/0x5209677161e659317ace75338b4cc23c57566f7ef720de6c63a62c002ef92a5b","implementor":null,"release":null,"created":"2025-01-20T00:00:00.000Z","updated":null,"status":"Implemented"},"html":"

Simple Summary

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This SCCP proposes to update the perps v3 parameters as per the below:

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Funding Rate Velocity

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Maker Fees

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Increase the maker fees to 2 bp from 0 bp on eigen, io, mew, mkr, not, people, pol, popcat, render, sats, wld, zro, safe, goat, moodeng, pnut, cat, degen, slerf, morpho, chillguy, aero, pengu, virtual, kmno and fartcoin

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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\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
currencyCurrentProposedCex SlippageProposed Slippage
kmno5,000,0007,685,3005982,392
aero500,0001,429,3003571,428
popcat20,250,00031,084,20044176
w59,062,50031,523,60080321
bal1,125,000137,3001,6156,459
fxs2,104,687426,8004671,870
yfi2,125600130512
gmx250,00078,7003331,331
pyth60,000,00019,044,90097388
comp241,87678,30093374
snx10,200,0003,627,800101404
blur100,000,00036,652,50081326
pendle6,000,0002,475,80062247
ldo21,000,0009,370,60038150
grt112,500,00057,799,00051203
algo103,875,00054,100,7002599
jto8,000,0004,172,90050198
axs4,218,7502,218,70046182
ethfi16,500,0009,022,00035141
sushi16,000,0009,058,20047187
axl10,125,0006,019,400163651
imx8,400,0005,304,80095382
jup33,750,00021,400,80028113
icp3,000,0001,918,60032127
strk40,000,00029,585,20052209
slerf5,000,00023,843,900160642
chillguy8,000,00024,005,3003081,230
virtual2,000,0004,931,30046184
mew2,500,000,000911,660,400120479
eigen4,000,0002,846,60075299
crv240,000,00036,240,8001976
xlm333,000,000103,981,0001351
io6,000,0002,324,50083334
ena102,000,00039,767,5001769
atom11,250,0004,402,9002289
dydx45,000,00018,601,50027109
etc3,375,0001,492,4001562
eos72,000,00035,750,1002081
inj2,250,0001,128,3002495
uni4,500,0002,725,5001664
zro4,250,0002,632,90053211
stx22,500,00015,022,40028110
morpho2,000,0001,380,100130521
arb82,000,00060,186,8001456
tia6,000,0004,501,10028112
render2,250,0003,244,50027107
degen100,000,000228,283,2003291,314
pepe12,600,000,000,0004,152,595,936,800935
pnut10,000,00054,128,80027109
xrp400,000,00032,263,500624
doge1,578,000,000408,170,800416
trx806,250,000220,979,9001247
sui55,000,00015,109,000934
ada300,000,00082,468,000728
ltc1,687,500469,0001144
aave360,000103,9001769
dot15,000,0007,268,4001351
bonk1,600,000,000,000802,983,764,8002391
bch168,75084,9001664
link5,625,0003,054,000832
ton12,000,0006,586,1001974
apt6,075,0003,475,2002080
near11,718,7506,973,6001666
bnb375,000233,000415
avax2,500,0001,580,1001041
fil12,750,0008,723,1001354
shib3,750,000,000,0002,572,944,297,1001145
fartcoin7,000,0005,094,00058230
cat100,000,000,000307,372,493,50092367
goat20,000,00041,245,10056222
moodeng50,000,00028,071,600138550
pol75,000,00044,472,40030119
pengu300,000,000684,462,10036142
sol2,812,500817,500312
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Leverage 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\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
tickerExisting IMSExisting minIMRExisting MMSProposed minIMRProposed minIMRProposed MMS
bnb10.720.020.354.9330.020.401
flow9.280.10.281.6690.10.265
avax9.080.020.362.880.020.4
link6.730.020.373.9210.020.415
rune5.390.050.361.3250.050.333
algo5.190.050.362.1730.050.343
sei5.130.050.390.4050.050.365
sol4.90.020.333.5920.020.391
pepe4.880.040.431.8740.040.345
pnut4.6880.050.3170.4430.03330.38
arkm4.430.050.440.890.050.334
ada4.350.050.332.6320.03330.355
arb4.160.0333330.381.5370.0333330.388
w3.870.050.351.410.050.35
ena3.460.050.381.080.050.344
near3.350.050.360.60.050.337
jup3.350.050.370.9770.050.346
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Abstract

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The parameter descriptions are as follows:

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Motivation

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The main motivation is to be better align outstanding markets offered on synthetix with the data available available on centralized exchanges.

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Copyright

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Copyright and related rights waived via CC0.

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