SCCP-256: Update Atomic Swap Parameters
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Ethereum |
| Implementor | TBD |
| Release | TBD |
| Proposal | Loading status... |
| Created | 2022-12-05 |
Simple Summary
The below parameter changes are proposed:
- Switch to the a new dex price aggregator, which automatically routes throught 5 bp uniswap pools.
- Increase the standard sBTC
atomicExchangeFeeRateto 50 bp from 35 bp. - Increase the atomic exchange volume to sUSD 5 million from sUSD 100k
Abstract
The parameters being changed are as follows:
- The
dexPriceAggregatoris the contract used to get the relevant uniswap prices from the chain. - The
atomicExchangeFeeRateis the fee levied on trades into or from a certain synth. - The
atomicMaxVolumePerBlockis the maximum volume possible to trade atomically within a single block.
Motivation
The primary motivation is to improve the user experience around trades taking place with forex synths, as convex forex farmers are having to break down trades into sUSD 100k batches. This is considered to be safe to do as the risk of latency attacks is minimized at 50 bp standard (non Direct Integration) fees.
Copyright
Copyright and related rights waived via CC0.