SCCP-2052: Update Perps V2 Parameters
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Optimism |
| Implementor | TBD |
| Release | TBD |
| Proposal | Loading status... |
| Created | 2023-10-13 |
Simple Summary
This SCCP proposes to increase the ETH Max Market Value from 31,000 ETH to 36,000 ETH (i.e. by 7.5m$ increase).
Abstract
The MaxMarketValue is the maximum possible open interest on any given side of a perp market.
Motivation
The main motivation is the high utilization of the ETH perp market which is close of 80% capacity. It is worth highlighting that the maximum capacity of all the crypto volatile pools is currently around 174m$, compared to a total debt pool size of 115m$.
Copyright
Copyright and related rights waived via CC0.