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Simple Summary

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Following the implementation of SIP-406, this sccp proposes to disable atomic trading on scbBTC, scbETH, sWETH and swstETH.

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Abstract

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Atomic trading fees have been set to 30% as per SCCP-357 given the lack of function to disable this kind of trading. This SCCP ensures that traders cannot atomically execute swap transaction, regardless of the fee imposed by switching atomicOrdersEnabled to a False state on these synths.

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Motivation

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The main motivation is to ensure that traders who deposit cbBTC can always get back their margin when they want to exit the system, as all the scbBTC would be backed 1 to 1 by an underlying.

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Copyright

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Copyright and related rights waived via CC0.

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