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create sccp 372 / update 406 / sccp 2151 (#2165)
* create sccp 372 * Update sccp-372.md * Update sip-406.md * Update sip-406.md * Update sip-406.md * Update sip-406.md * Update sip-406.md * update params * update parameters * Create sccp-2151.md * Update sccp-2151.md * Update sccp-2151.md
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| --- | ||
| sccp: 2151 | ||
| network: Ethereum | ||
| title: Deploy sUSD in AAVE | ||
| author: Kaleb (@kaleb-keny) | ||
| status: Vote_Pending | ||
| created: 2024-12-05 | ||
| type: Governance | ||
| proposal: >- | ||
| https://snapshot.org/#/snxgov.eth/proposal/0xc975f275b03b975cfea4e8a5a6c39050d78423c08cca18cd77c87088ecc02b36 | ||
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| # Simple Summary | ||
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| This SCCP proposes deposit in a special Treasury account 5m sUSD backed by the protocol. The funds would be used by Treasury to alleviate the sUSD borrow pressure on AAVE on optimism. Treasury would be required to burn the funds once usage of these funds had run it's course. | ||
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| # Abstract | ||
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| The proposal entails: | ||
| - Minting 5m sUSD | ||
| - Sending it to the [TC wallet address](https://etherscan.io/address/0x99f4176ee457afedffcb1839c7ab7a030a5e4a92) | ||
| - Treasury would be required to deposit the sUSD on AAVE on optimism | ||
| - Treasury would burn the sUSD along with any interest profit made on the deposit as the usage of these funds had run it's course | ||
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| # Motivation | ||
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| The main motivation is to alleviate the high demand for sUSD on aave optimism, with the apy hitting highs. | ||
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| # Copyright | ||
| Copyright and related rights waived via [CC0](https://creativecommons.org/publicdomain/zero/1.0/). |
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| --- | ||
| sccp: 372 | ||
| title: Deploy More Markets to Perps V3 Base and Arbitrum | ||
| network: Arbitrum & Base | ||
| status: Vote_Pending | ||
| proposal: >- | ||
| https://snapshot.org/#/snxgov.eth/proposal/0x7dfe429b79f136243c3a9821508aee40fd4c708ff2ccd9faac6a3e70335b20c5 | ||
| type: Governance | ||
| created: 2024-12-04 | ||
| author: Kaleb | ||
| --- | ||
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| # Simple Summary | ||
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| This SCCP proposes to deploy the below markets on Perps V3 on Base and Arbitrum: | ||
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| | **Market** | **minimumInitialMarginRatio** | **initialMarginRatio** | **maintenanceMarginScalar** | **skewScale** | **maxMarketSize** | **maxMarketValue** | | ||
| |:----------:|:-----------------------------:|:----------------------:|:---------------------------:|:-------------:|:-----------------:|:------------------:| | ||
| | MORPHO | 5% | 1.36 | 0.317 | 2,000,000 | 1,000,000 | 1,000,000 | | ||
| | CHILLGUY | 5% | 1.36 | 0.317 | 8,000,000 | 6,000,000 | 2,000,000 | | ||
| | AERO | 5% | 0.322 | 0.317 | 500,000 | 1,000,000 | 300,000 | | ||
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| Aside from the above parameters , the perps markets will have the following configurations as well: | ||
| - TakerFeeRatio: 10 bp | ||
| - MakerFeeRatio: 0 bp | ||
| - maxFundingVelocity: 9 | ||
| - flagRewardRatio: 3 bp | ||
| - minimumPositionMargin: 50 | ||
| - lockedOiRatio: 0.5 | ||
| - maxLiquidationLimitMultiplier: 1.5 | ||
| - maxLiquidationPD: 5 bp | ||
| - endorsedLiquidator: "0x11233749514Ab8d00C0A5873DF7428b3db70030f" | ||
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| # Abstract | ||
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| The parameters configurations description is as follows: | ||
| - initialMarginRatio is a scalar applied on the minimumInitialMarginRatio to determine the minimum initial margin required to support a given portfolio of positions | ||
| - maintenanceMarginScalar is a scalar applied on the initialMargin in order to obtain the maintenanceMargin. When traders fall below the maintenance margin, they are liquidated. | ||
| - skewScale is the scaling factor of the relevant market in the underlying currency for computing price impact and funding rates | ||
| - maxMarketSize is the max market value of the relevant market in the underlying currency | ||
| - maxMarketValue is the max market value of the relevant market in USD | ||
| - maker/taker fees pertain to fees charged when trading | ||
| - maxFundingVelocity is the main parameter that allows to nudge funding rates | ||
| - minimumPositionMargin is the minimum margin required | ||
| - lockedOiRatio is the multiplier that determines the minimum amount of perp collateral required to back a given perp market | ||
| - maxLiquidationLimitMultiplier is a parameter that rate limits liquidations. It is applied on the sum of maker and taker fees with a liquidation rate limit being triggered if pd exceeds that value | ||
| - maxLiquidationPD is the minimum pd that triggers a reset of the liquidation capacity | ||
| - endorsedLiquidator is a liquidator address that can bypass the rate limit | ||
| - the collateral liquidation penalty is the penalty paid to the liquidator for executing a liquidation | ||
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| # Motivation | ||
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| The more options traders have via Synthetix Perps, the less likely they will move their margin to other trading venues to trade markets we don't provide. | ||
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| # Copyright | ||
| Copyright and related rights waived via [CC0](https://creativecommons.org/publicdomain/zero/1.0/). |
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