{"componentChunkName":"component---src-pages-sccp-sccp-markdown-remark-frontmatter-sccp-tsx","path":"/sccp/sccp-2034/","result":{"data":{"markdownRemark":{"fileAbsolutePath":"/vercel/path0/content/sccp/sccp-2034.md","frontmatter":{"sip":null,"sccp":2034,"title":"Update Perp Parameters","network":"Optimism","author":"Kaleb (@kaleb-keny)","type":"Governance","proposal":"https://snapshot.org/#/snxgov.eth/proposal/0xededac777f1c7f19eb4721a3bbd4e657828a9303b4b19b52feb5ad28239f3735","implementor":null,"release":null,"created":"2023-08-07T00:00:00.000Z","updated":null,"status":"Implemented"},"html":"

Simple Summary

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This SCCP proposes to perform the following updates to perp markets:

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Skew Scale

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MarketCurrentProposedChange
OP30,000,00060,000,000+ 30,000,000
AAVE300,000600,000+ 300,000
APE15,000,00030,000,000+ 15,000,000
DYDX15,000,00030,000,000+ 15,000,000
CRV50,000,000100,000,000+ 50,000,000
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Max Market Value

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MarketCurrentProposedChangeChange in $
AAVE10,00020,000+ 10,000+ 652,000
ETH27,00031,000+ 4,000+ 7,316,000
BTC2,0001,750- 250- 7,250,000
MKR7501,500+ 750+ 887,000
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Abstract

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The parameters configurations description is as follows:

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Motivation

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The main motivation behind the change in skew scale is the significant improvement in liquidity. While the changes proposed on max market value is to increase the open interest capacity in markets with high utilization.

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Copyright

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Copyright and related rights waived via CC0.

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