{"componentChunkName":"component---src-pages-sccp-sccp-markdown-remark-frontmatter-sccp-tsx","path":"/sccp/sccp-384/","result":{"data":{"markdownRemark":{"fileAbsolutePath":"/vercel/path0/content/sccp/sccp-384.md","frontmatter":{"sip":null,"sccp":384,"title":"Update Perps V3 Parameters","network":"Base","author":"Kaleb (@kaleb-keny)","type":"Governance","proposal":"https://snapshot.org/#/snxgov.eth/proposal/0x16d9dfcfc7877bacee2adb5c81ad2f79dd1a6d4f6d8a61a279dae36fd29d8963","implementor":null,"release":null,"created":"2025-01-23T00:00:00.000Z","updated":null,"status":"Implemented"},"html":"<h2 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</h2>\n<p>This SCCP proposes to update the perps v3 parameters as per the below:</p>\n<h3 id=\"skew-scale\" style=\"position:relative;\"><a href=\"#skew-scale\" aria-label=\"skew scale 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>Skew Scale</h3>\n<table>\n<thead>\n<tr>\n<th align=\"center\"><strong>market</strong></th>\n<th align=\"center\"><strong>current</strong></th>\n<th align=\"center\"><strong>proposed</strong></th>\n<th align=\"center\"><strong>cex slippage</strong></th>\n<th align=\"center\"><strong>snx slippage</strong></th>\n</tr>\n</thead>\n<tbody>\n<tr>\n<td align=\"center\">fartcoin</td>\n<td align=\"center\">5,094,000</td>\n<td align=\"center\">8,710,600</td>\n<td align=\"center\">49</td>\n<td align=\"center\">198</td>\n</tr>\n<tr>\n<td align=\"center\">imx</td>\n<td align=\"center\">5,304,800</td>\n<td align=\"center\">9,217,700</td>\n<td align=\"center\">58</td>\n<td align=\"center\">232</td>\n</tr>\n<tr>\n<td align=\"center\">moodeng</td>\n<td align=\"center\">28,071,600</td>\n<td align=\"center\">50,595,000</td>\n<td align=\"center\">83</td>\n<td align=\"center\">332</td>\n</tr>\n<tr>\n<td align=\"center\">jup</td>\n<td align=\"center\">21,400,800</td>\n<td align=\"center\">38,682,000</td>\n<td align=\"center\">20</td>\n<td align=\"center\">82</td>\n</tr>\n<tr>\n<td align=\"center\">fxs</td>\n<td align=\"center\">426,800</td>\n<td align=\"center\">809,400</td>\n<td align=\"center\">283</td>\n<td align=\"center\">1,132</td>\n</tr>\n<tr>\n<td align=\"center\">bome</td>\n<td align=\"center\">3,750,000,000</td>\n<td align=\"center\">7,314,837,000</td>\n<td align=\"center\">21</td>\n<td align=\"center\">83</td>\n</tr>\n<tr>\n<td align=\"center\">pyth</td>\n<td align=\"center\">19,044,900</td>\n<td align=\"center\">39,271,400</td>\n<td align=\"center\">51</td>\n<td align=\"center\">203</td>\n</tr>\n<tr>\n<td align=\"center\">tao</td>\n<td align=\"center\">32,500</td>\n<td align=\"center\">74,800</td>\n<td align=\"center\">22</td>\n<td align=\"center\">87</td>\n</tr>\n<tr>\n<td align=\"center\">melania</td>\n<td align=\"center\">1,500,000</td>\n<td align=\"center\">3,730,900</td>\n<td align=\"center\">58</td>\n<td align=\"center\">232</td>\n</tr>\n<tr>\n<td align=\"center\">xrp</td>\n<td align=\"center\">32,263,500</td>\n<td align=\"center\">82,774,400</td>\n<td align=\"center\">2</td>\n<td align=\"center\">10</td>\n</tr>\n<tr>\n<td align=\"center\">aero</td>\n<td align=\"center\">1,429,300</td>\n<td align=\"center\">2,407,400</td>\n<td align=\"center\">245.56</td>\n<td align=\"center\">982</td>\n</tr>\n<tr>\n<td align=\"center\">ordi</td>\n<td align=\"center\">1,305,000</td>\n<td align=\"center\">2,282,000</td>\n<td align=\"center\">13.28</td>\n<td align=\"center\">53</td>\n</tr>\n<tr>\n<td align=\"center\">pnut</td>\n<td align=\"center\">54,128,800</td>\n<td align=\"center\">95,366,700</td>\n<td align=\"center\">18.57</td>\n<td align=\"center\">74</td>\n</tr>\n<tr>\n<td align=\"center\">io</td>\n<td align=\"center\">2,324,500</td>\n<td align=\"center\">4,306,600</td>\n<td align=\"center\">45.45</td>\n<td align=\"center\">182</td>\n</tr>\n<tr>\n<td align=\"center\">ltc</td>\n<td align=\"center\">469,000</td>\n<td align=\"center\">982,900</td>\n<td align=\"center\">5.38</td>\n<td align=\"center\">22</td>\n</tr>\n<tr>\n<td align=\"center\">eigen</td>\n<td align=\"center\">2,846,600</td>\n<td align=\"center\">7,998,700</td>\n<td align=\"center\">26.33</td>\n<td align=\"center\">105</td>\n</tr>\n<tr>\n<td align=\"center\">trump</td>\n<td align=\"center\">750,000</td>\n<td align=\"center\">3,138,300</td>\n<td align=\"center\">3.84</td>\n<td align=\"center\">23</td>\n</tr>\n</tbody>\n</table>\n<p><em>The slippage denoted above are on trades of size 500k$</em></p>\n<h3 id=\"max-market-value\" style=\"position:relative;\"><a href=\"#max-market-value\" aria-label=\"max market value permalink\" class=\"anchor before\"><svg aria-hidden=\"true\" focusable=\"false\" height=\"16\" version=\"1.1\" viewBox=\"0 0 16 16\" width=\"16\"><path fill-rule=\"evenodd\" d=\"M4 9h1v1H4c-1.5 0-3-1.69-3-3.5S2.55 3 4 3h4c1.45 0 3 1.69 3 3.5 0 1.41-.91 2.72-2 3.25V8.59c.58-.45 1-1.27 1-2.09C10 5.22 8.98 4 8 4H4c-.98 0-2 1.22-2 2.5S3 9 4 9zm9-3h-1v1h1c1 0 2 1.22 2 2.5S13.98 12 13 12H9c-.98 0-2-1.22-2-2.5 0-.83.42-1.64 1-2.09V6.25c-1.09.53-2 1.84-2 3.25C6 11.31 7.55 13 9 13h4c1.45 0 3-1.69 3-3.5S14.5 6 13 6z\"></path></svg></a>Max Market Value</h3>\n<table>\n<thead>\n<tr>\n<th align=\"center\"><strong>market</strong></th>\n<th align=\"center\"><strong>current m$</strong></th>\n<th align=\"center\"><strong>proposed m$</strong></th>\n<th align=\"center\"><strong>cex m$</strong></th>\n</tr>\n</thead>\n<tbody>\n<tr>\n<td align=\"center\">cat</td>\n<td align=\"center\">2.00</td>\n<td align=\"center\">1</td>\n<td align=\"center\">10.64</td>\n</tr>\n<tr>\n<td align=\"center\">safe</td>\n<td align=\"center\">0.41</td>\n<td align=\"center\">0.25</td>\n<td align=\"center\">2.02</td>\n</tr>\n<tr>\n<td align=\"center\">degen</td>\n<td align=\"center\">1.00</td>\n<td align=\"center\">0.5</td>\n<td align=\"center\">4.65</td>\n</tr>\n<tr>\n<td align=\"center\">slerf</td>\n<td align=\"center\">0.50</td>\n<td align=\"center\">0.25</td>\n<td align=\"center\">2.25</td>\n</tr>\n</tbody>\n</table>\n<h2 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</h2>\n<p>The parameter descriptions are as follows:</p>\n<ul>\n<li>The <code>skewScale</code> is the parameter that determines the slippage that is imposed on a market for a given skew.</li>\n</ul>\n<h2 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</h2>\n<p>The main motivation is to be better align outstanding markets offered on synthetix with the data available available on centralized exchanges.</p>\n<h2 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</h2>\n<p>Copyright and related rights waived via <a href=\"https://creativecommons.org/publicdomain/zero/1.0/\">CC0</a>.</p>"}},"pageContext":{"id":"7441d64f-49a7-5a05-a465-597464f5fb84","frontmatter__sccp":384,"__params":{"frontmatter__sccp":"384"}}},"staticQueryHashes":[]}