{"componentChunkName":"component---src-pages-sccp-sccp-markdown-remark-frontmatter-sccp-tsx","path":"/sccp/sccp-406/","result":{"data":{"markdownRemark":{"fileAbsolutePath":"/vercel/path0/content/sccp/sccp-406.md","frontmatter":{"sip":null,"sccp":406,"title":"Update Perps V3 Parameters","network":"Base","author":"Kaleb","type":"Governance","proposal":"https://snapshot.org/#/snxgov.eth/proposal/0xaa7734abbe76a62832aac271c187f65657b4191edf47bf7be52dea3e47785974","implementor":null,"release":null,"created":"2025-04-28T00:00:00.000Z","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 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>ticker</strong></th>\n<th align=\"center\"><strong>Current SkewScale</strong></th>\n<th align=\"center\"><strong>Proposed Skew Scale</strong></th>\n<th align=\"center\"><strong>Current Slippage</strong></th>\n<th align=\"center\"><strong>Proposed Slippage</strong></th>\n<th align=\"center\"><strong>Cex Slippage</strong></th>\n</tr>\n</thead>\n<tbody>\n<tr>\n<td align=\"center\">sats</td>\n<td align=\"center\">158,703,939,009,000</td>\n<td align=\"center\">30,000,000,000,000</td>\n<td align=\"center\">332</td>\n<td align=\"center\">1,754</td>\n<td align=\"center\">662</td>\n</tr>\n<tr>\n<td align=\"center\">om</td>\n<td align=\"center\">4,000,000</td>\n<td align=\"center\">12,000,000</td>\n<td align=\"center\">1,179</td>\n<td align=\"center\">393</td>\n<td align=\"center\">49</td>\n</tr>\n<tr>\n<td align=\"center\">melania</td>\n<td align=\"center\">5,806,000</td>\n<td align=\"center\">8,500,000</td>\n<td align=\"center\">942</td>\n<td align=\"center\">643</td>\n<td align=\"center\">159</td>\n</tr>\n<tr>\n<td align=\"center\">pnut</td>\n<td align=\"center\">95,366,700</td>\n<td align=\"center\">47,000,000</td>\n<td align=\"center\">141</td>\n<td align=\"center\">287</td>\n<td align=\"center\">180</td>\n</tr>\n<tr>\n<td align=\"center\">vvv</td>\n<td align=\"center\">1,000,000</td>\n<td align=\"center\">300,000</td>\n<td align=\"center\">682</td>\n<td align=\"center\">2,274</td>\n<td align=\"center\">826</td>\n</tr>\n<tr>\n<td align=\"center\">arkm</td>\n<td align=\"center\">11,000,000</td>\n<td align=\"center\">3,000,000</td>\n<td align=\"center\">373</td>\n<td align=\"center\">1,369</td>\n<td align=\"center\">353</td>\n</tr>\n<tr>\n<td align=\"center\">uni</td>\n<td align=\"center\">2,725,500</td>\n<td align=\"center\">5,000,000</td>\n<td align=\"center\">165</td>\n<td align=\"center\">90</td>\n<td align=\"center\">16</td>\n</tr>\n<tr>\n<td align=\"center\">chillguy</td>\n<td align=\"center\">24,005,300</td>\n<td align=\"center\">60,000,000</td>\n<td align=\"center\">2,717</td>\n<td align=\"center\">1,087</td>\n<td align=\"center\">265</td>\n</tr>\n<tr>\n<td align=\"center\">s</td>\n<td align=\"center\">12,000,000</td>\n<td align=\"center\">36,000,000</td>\n<td align=\"center\">389</td>\n<td align=\"center\">130</td>\n<td align=\"center\">47</td>\n</tr>\n<tr>\n<td align=\"center\">bonk</td>\n<td align=\"center\">1,294,569,458,000</td>\n<td align=\"center\">500,000,000,000</td>\n<td align=\"center\">92</td>\n<td align=\"center\">237</td>\n<td align=\"center\">62</td>\n</tr>\n</tbody>\n</table>\n<p><em>Slippage above in bp, on 500k$ worth of volume</em></p>\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 parameters being updated are described below;</p>\n<ul>\n<li><code>skewScale</code> is the scaling factor of the relevant market in the underlying currency for computing price impact and funding rates</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 skew scale parameters, which determine the slippage on trading, are proposed to be updated in order to align our offering with the slippage observations with those seen on the most liquid centralized perp markets.</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":"a26b3398-3fd7-55e8-bf68-d11fa44c7cbc","frontmatter__sccp":406,"__params":{"frontmatter__sccp":"406"}}},"staticQueryHashes":[]}