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Simple Summary

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This sccp proposes to update the maxMarketSize and maxMarketValue of the below markets:

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MarketNew SizeNew MMV*Old OI*New OI*Cex OI*
arb5,586,59210.721.0033
arkm1,703,5780.50.230.5012
bal144,0920.10.100.102
blur8,719,1560.50.380.505
bome695,894,2240.50.330.5010
cat67,842,605,1560.250.250.254
chillguy36,764,7060.50.160.505
degen95,026,9240.150.150.152
eigen1,901,50210.281.0013
ethbtc268,096,51531.623.0030
ethfi3,169,57210.191.0011
io1,210,2140.50.390.5011
jup10,309,2780.50.440.507
kaito886,2110.50.200.5020
ldo2,098,41610.501.0035
melania3,120,12510.641.0010
moodeng26,497,0850.51.000.506
morpho350,3850.250.250.253
op2,353,49510.641.0029
ordi226,47510.731.0030
pengu305,343,51113.001.0017
pnut10,662,11710.751.0052
pyth6,411,9000.50.360.508
rune847,4580.50.350.5012
sats44,247,787,610,61920.302.0051
sei10,167,76810.691.0031
slerf3,184,7130.10.100.101
snx1,179,2450.50.420.507
strk6,157,6350.50.310.509
stx2,958,58010.571.0010
tao7,88610.621.0031
trump571,26531.103.00103
virtual1,464,3430.50.340.5012
w21,510,00210.191.0013
wif4,126,26410.731.0045
wld6,861,84830.373.0063
xlm7,247,95211.001.0039
xrp1,793,07922.002.00503
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Abstract

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The oi cap determined in the market is based on the minimum of the below;

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Motivation

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Given the recent price action, many of the markets have had their oi in dollar terms decrease significantly leading to tighter oi limit. This SCCP aligns the maxMarketSize and maxMarketValue limits with the liquidity available in the most liquid exchange venues.

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Copyright

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Copyright and related rights waived via CC0.

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