From afff56400a6a2c8ee43bfd981a3fcb25ed9289fd Mon Sep 17 00:00:00 2001 From: kaleb Date: Tue, 19 Nov 2024 14:44:04 +0100 Subject: [PATCH 1/3] create sccp 365 and 366 --- content/sccp/sccp-365.md | 24 ++++++++++++++++++++++++ content/sccp/sccp-366.md | 23 +++++++++++++++++++++++ 2 files changed, 47 insertions(+) create mode 100644 content/sccp/sccp-365.md create mode 100644 content/sccp/sccp-366.md diff --git a/content/sccp/sccp-365.md b/content/sccp/sccp-365.md new file mode 100644 index 000000000..5e0ab70da --- /dev/null +++ b/content/sccp/sccp-365.md @@ -0,0 +1,24 @@ +--- +sccp: 365 +title: Update Keeper Settlement Reward +network: Arbitrum & Base +status: Vote_Pending +type: Governance +created: 2024-11-19 +author: Kaleb +--- + +# Simple Summary + +This SCCP proposes to decrease the settlement reward for settling perp trades from 1 USD to 40 cents per trade. + +# Abstract +The settlement reward is configured in the settlement strategy of the perp market and is currently configured to 1 USD. The reward represents the minimum reward paid to keepers on top of gas costs. + +# Motivation + +The parameter updates are in light of the recent review of profitability of keepers vis-a-vis transaction costs. The recently implemented [SCCP-364](https://sips.synthetix.io/sccp/sccp-364/) should help guarantee that keepers are compensated at all times for settling trades. This along with the compensation that scales as gas prices spike should ensure that keepers compensation increases as the cost of settle trades rises. + + +# Copyright +Copyright and related rights waived via [CC0](https://creativecommons.org/publicdomain/zero/1.0/). diff --git a/content/sccp/sccp-366.md b/content/sccp/sccp-366.md new file mode 100644 index 000000000..28adf7b5c --- /dev/null +++ b/content/sccp/sccp-366.md @@ -0,0 +1,23 @@ +--- +sccp: 366 +title: Lower the minInitialMargin +network: Arbitrum & Base +status: Vote_Pending +type: Governance +created: 2024-11-19 +author: Kaleb +--- + +# Simple Summary + +This SCCP proposes to decrease the minimum initial margin on both the base and arbitrum implementations to 15 USD. + +# Abstract +The minimum position margin was specified during the pre-blob days, when trade settlement spiked for prolonged periods of time. This along with a review of the minimum keeper reward for executing liquidations and settling trades allows us to lower the minimum margin requirements without undue risk on the protocol. + +# Motivation +The parameter change proposed in this SCCP was requested by one of our partner integrators in order to be able to onboard more traders on Arbitrum and Base. + + +# Copyright +Copyright and related rights waived via [CC0](https://creativecommons.org/publicdomain/zero/1.0/). From 6d89b24b6ec32d48e5867f20b91e6259e3ec1ecc Mon Sep 17 00:00:00 2001 From: kaleb Date: Tue, 19 Nov 2024 14:46:01 +0100 Subject: [PATCH 2/3] Update sccp-366.md --- content/sccp/sccp-366.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/content/sccp/sccp-366.md b/content/sccp/sccp-366.md index 28adf7b5c..c0ea15ce9 100644 --- a/content/sccp/sccp-366.md +++ b/content/sccp/sccp-366.md @@ -1,6 +1,6 @@ --- sccp: 366 -title: Lower the minInitialMargin +title: Lower the minimum position margin network: Arbitrum & Base status: Vote_Pending type: Governance From 0f7ede3d5284cb9f01ea44fcae4461e31a32138b Mon Sep 17 00:00:00 2001 From: kaleb Date: Tue, 19 Nov 2024 15:46:14 +0100 Subject: [PATCH 3/3] update headers --- content/sccp/sccp-365.md | 2 ++ content/sccp/sccp-366.md | 2 ++ 2 files changed, 4 insertions(+) diff --git a/content/sccp/sccp-365.md b/content/sccp/sccp-365.md index 5e0ab70da..aa8e94f7e 100644 --- a/content/sccp/sccp-365.md +++ b/content/sccp/sccp-365.md @@ -6,6 +6,8 @@ status: Vote_Pending type: Governance created: 2024-11-19 author: Kaleb +proposal: >- + https://snapshot.org/#/snxgov.eth/proposal/0x2b464037de9824e79774dd122e87ffc938ba9cd0315bd777033394c2927172a7 --- # Simple Summary diff --git a/content/sccp/sccp-366.md b/content/sccp/sccp-366.md index c0ea15ce9..e8372c484 100644 --- a/content/sccp/sccp-366.md +++ b/content/sccp/sccp-366.md @@ -6,6 +6,8 @@ status: Vote_Pending type: Governance created: 2024-11-19 author: Kaleb +proposal: >- + https://snapshot.org/#/snxgov.eth/proposal/0x07161fe33af9f9efb780ad4093f2fcc4c7616e1fe5d2dbbc742b35f489b5e811 --- # Simple Summary