SCCP-390: Update Perps V3 Parameters
| Author | |
|---|---|
| Status | Vote_Pending |
| Type | Governance |
| Network | Base |
| Implementor | TBD |
| Release | TBD |
| Created | 2025-02-03 |
Simple Summary
This SCCP proposes to update the perps v3 parameters on the ETH and BTC Markets, as per the below:
Skew Scale
| Market | Current | Proposed | Cex Slippage | Snx Slippage |
|---|---|---|---|---|
| ETH | 350,000 | 300,000 | 2.25 | 3 |
| BTC | 35,000 | 12,500 | 0.8 | 2 |
Slippage denoted above are on trades of size 500k$
Abstract
The skewScale is the parameter that determines the slippage incurred by the market when a given skew prevails.
Motivation
The main motivation behind this SCCP is to increase the incentive on arbitrageurs to balance out a skew, given recent increased volatility of price moves.
Copyright
Copyright and related rights waived via CC0.