Sccp 2050

content/sccp/sccp-2049.md

@@ -3,8 +3,10 @@ sccp: 2049
 network: Optimism
 title: Update APE Market Parameters
 author: Kaleb (@kaleb-keny)
-status: Vote_Pending
+status: Implemented
 created: 2023-10-06
+proposal: >-
+  https://snapshot.org/#/snxgov.eth/proposal/0x054b037ab40502146525c3de844ef9859718338f034c3cde29bf3000d6099314
 type: Governance
 ---
 

content/sccp/sccp-2050.md

@@ -0,0 +1,40 @@
+---
+sccp: 2050
+network: Optimism
+title: Update Perps V2 Parameters
+author: Kaleb (@kaleb-keny)
+status: Vote_Pending
+created: 2023-10-10
+type: Governance
+---
+
+# Simple Summary
+
+This SCCP proposes to update the RUNE and GMX market parameters as per the below:
+
+| **Max Market Value** | **Current** | **Proposed** | **Proposed $** | **CEX OI in $** |
+|:------------------:|:-----------:|:------------:|:------------------:|:----------------:|
+|         GMX        |  21,000  |   27,720  |        1.00  M     |       8  M     |
+|        RUNE        |  400,000 |  800,000  |        1.35  M     |       15 M      |
+
+
+| **Skew Scale** |  **Current**  |  **Proposed** | **Slippage Per M$** | **CEX Slippage Per M$** |
+|:-------------:|:-------------:|:-------------:|:-------------------:|:-----------------------:|
+|      GMX      |   112,500   |   60,000   |       2,314 bp     |         1,085  bp      |
+|      RUNE     | 25,500,000 | 12,750,000 |        233   bp    |          60     bp     |
+
+# Abstract
+
+The description of the parameters changes is as follows: 
+- `skewScale` is the scaling factor of the relevant market in the underlying currency for computing PD and Funding Rates.
+- `MaxMarketValue` is the maximum possible open interest on any given side of a perp market.
+
+# Motivation
+
+The main motivation is to increase the caps on markets with high turnover and high utilization all the while maintaing the incentive of arbitrages in balancing out the skew.
+
+# Copyright
+
+Copyright and related rights waived via [CC0](https://creativecommons.org/publicdomain/zero/1.0/).
+
+