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update-status + SCCP 2141 & 2142 (#2136)
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sccp: 2141 | ||
network: Optimism | ||
title: Update Perps V2 Parameters | ||
author: Kaleb | ||
status: Vote_Pending | ||
created: 2024-11-06 | ||
type: Governance | ||
--- | ||
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# Simple Summary | ||
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This SCCP aims at improving the user experience on Perps V2 with the following changes, matching the configurations on the v3 network: | ||
- Raise the `skewScale` parameter on the SOL market to 2.8m, from 2.1m | ||
- Lower the `maxFundingVelocity` on the SOL market to 9 from 36 | ||
- Lower the `maxFundingVelocity` on the ETH and BTC market to 4 from 9 | ||
- Raise the `maxMarketValue` on the SOL market to 550 thousand (100m USD) | ||
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# Abstract | ||
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The definitions of the parameter being proposed to change are as follows: | ||
- `skewScale` is the scaling factor of the relevant market in the underlying currency for computing PD and Funding Rates | ||
- `maxFundingVelocity` is the main parameter that allows to nudge funding rates | ||
- `maxMarketValue` is the max market value of the relevant market in the underlying currency | ||
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# Motivation | ||
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The proposed changes are in light of the utilization on the SOL perp market, as well as aligning the funding rate and slippage experience on v3. | ||
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# Copyright | ||
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Copyright and related rights waived via [CC0](https://creativecommons.org/publicdomain/zero/1.0/). | ||
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sccp: 2142 | ||
network: Ethereum & Optimism | ||
title: Raise the USDe Wrapper Cap on Optimism | ||
author: Kaleb | ||
status: Vote_Pending | ||
created: 2024-11-06 | ||
type: Governance | ||
--- | ||
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# Simple Summary | ||
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This SCCP aims at improving the user experience by | ||
- Raising the USDe wrapper cap on optimism to 30m from the previously proposed limit of 15m | ||
- Lowering the caps on all the wrappers on ethereum to 0 | ||
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# Abstract | ||
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The `maxTokenAmount` is the maximum amount of underlying that can be wrapped to mint sUSD. | ||
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# Motivation | ||
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The proposed changes are in light of increased usage of the USDe wrapper on optimism by traders, to acquire synths and get back the underlying. `USDe` being instantly bridgeable via [stargate](https://stargate.finance/) makes the usage of `USDe` ideal. | ||
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# Copyright | ||
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Copyright and related rights waived via [CC0](https://creativecommons.org/publicdomain/zero/1.0/). | ||
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