SCCP-357: Support New Margins on Perps V3
| Author | Kaleb |
|---|---|
| Status | Draft |
| Type | Governance |
| Network | Base |
| Implementor | TBD |
| Release | TBD |
| Created | 2024-10-08 |
Simple Summary
This SCCP proposes to add the below margins to Perps V3 Implementation:
| Margin | Discount Lower | Discount Upper | Max Collateral Amount | SkewScale |
|---|---|---|---|---|
| cbBTC | 1.00% | 7.50% | 100 | 35,000 |
| cbETH | 1.00% | 10.00% | 1,750 | 350,000 |
| wstETH | 1.00% | 10.00% | 1,750 | 350,000 |
| WETH | 1.00% | 10.00% | 2,500 | 350,000 |
- the
discountScalarwould be set to 1 for all margins - the collateral liquidation penalty is 3 bp (collateralLiquidateRewardRatioD18).
- The caps would be set to allow for 3 simultaneous margins and 10 positions in any given account
- The synth representation of the above margins would have a atomic swap fee of 30%, as a disincentive on swapping until SIP is implemented
Motivation
The main motivation is to add more margins on perps v3 base, which was recently deployed as per SIP-383.
Copyright
Copyright and related rights waived via CC0.