{"componentChunkName":"component---src-pages-sips-sip-markdown-remark-frontmatter-sip-tsx","path":"/sips/sip-2051/","result":{"data":{"markdownRemark":{"fileAbsolutePath":"/vercel/path0/content/sips/sip-2051.md","frontmatter":{"sip":2051,"sccp":null,"title":"Deprecate Perp Markets with 0 Max Market Value","network":"Optimism","author":"Kaleb","type":"Governance","proposal":"https://snapshot.org/#/snxgov.eth/proposal/0x4b76e3cbbcc7eaee5d7387f05e75e123cfe6dc299f63d3e9976ca8e70047623b","implementor":null,"release":null,"created":"2024-01-22T00:00:00.000Z","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<!--\"If you can't explain it simply, you don't understand it well enough.\" Simply describe the outcome the proposed changes intends to achieve. This should be non-technical and accessible to a casual community member.-->\n<p>This SIP proposes to deprecation of the below perps v2 markets 6 months from now, on 31-July-2024:</p>\n<table>\n<thead>\n<tr>\n<th align=\"center\"><strong>Market</strong></th>\n<th align=\"center\"><strong>Margin in USD</strong></th>\n</tr>\n</thead>\n<tbody>\n<tr>\n<td align=\"center\">sXAU</td>\n<td align=\"center\">71,121</td>\n</tr>\n<tr>\n<td align=\"center\">sUMA</td>\n<td align=\"center\">42,598</td>\n</tr>\n<tr>\n<td align=\"center\">sXAG</td>\n<td align=\"center\">21,628</td>\n</tr>\n<tr>\n<td align=\"center\">sTRB</td>\n<td align=\"center\">5,187</td>\n</tr>\n<tr>\n<td align=\"center\">sZRX</td>\n<td align=\"center\">5,080</td>\n</tr>\n<tr>\n<td align=\"center\">sKNC</td>\n<td align=\"center\">3,688</td>\n</tr>\n<tr>\n<td align=\"center\">sZEC</td>\n<td align=\"center\">1,565</td>\n</tr>\n<tr>\n<td align=\"center\">sCELO</td>\n<td align=\"center\">1,037</td>\n</tr>\n<tr>\n<td align=\"center\">s1INCH</td>\n<td align=\"center\">429</td>\n</tr>\n<tr>\n<td align=\"center\">sENJ</td>\n<td align=\"center\">107</td>\n</tr>\n<tr>\n<td align=\"center\">sFLOKI</td>\n<td align=\"center\">78</td>\n</tr>\n<tr>\n<td align=\"center\">sONE</td>\n<td align=\"center\">43</td>\n</tr>\n<tr>\n<td align=\"center\">sANKR</td>\n<td align=\"center\">4</td>\n</tr>\n<tr>\n<td align=\"center\">sSTETHETH</td>\n<td align=\"center\">0</td>\n</tr>\n<tr>\n<td align=\"center\">sZIL</td>\n<td align=\"center\">0</td>\n</tr>\n</tbody>\n</table>\n<p>Adding CVX, XTZ and APE as per <a href=\"https://sips.synthetix.io/sccp/sccp-2108/\">SCCP-2108</a></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<!--A short (~200 word) description of the proposed change, the abstract should clearly describe the proposed change. This is what *will* be done if the SIP is implemented, not *why* it should be done or *how* it will be done. If the SIP proposes deploying a new contract, write, \"we propose to deploy a new contract that will do x\".-->\n<p>Deprecation of the markets is done by calling the <code>FuturesMarketManager.removeMarkets</code> which removes these markets from the manager.</p>\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<!--This is the problem statement. This is the *why* of the SIP. It should clearly explain *why* the current state of the protocol is inadequate.  It is critical that you explain *why* the change is needed, if the SIP proposes changing how something is calculated, you must address *why* the current calculation is inaccurate or wrong. This is not the place to describe how the SIP will address the issue!-->\n<p>The motivation behind this SIP allows the protocol to save the upkeep costs related to oracle providers.</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":"9a2c6215-06e6-55cd-bfac-eeb96d8ffe90","frontmatter__sip":2051,"__params":{"frontmatter__sip":"2051"}}},"staticQueryHashes":[]}