Skip to content

Commit

Permalink
SCCP-350/SCCP-351/Header-Updates (#2087)
Browse files Browse the repository at this point in the history
* bump fees

* update parameters

* Create sccp-351.md

* update headers

* Update sccp-350.md

* Update sccp-351.md

* Update sccp-350.md
  • Loading branch information
kaleb-keny authored Sep 12, 2024
1 parent af9ed2c commit 323f473
Show file tree
Hide file tree
Showing 11 changed files with 48 additions and 17 deletions.
2 changes: 1 addition & 1 deletion ci/checkFrontmatters.js
Original file line number Diff line number Diff line change
Expand Up @@ -16,7 +16,7 @@ const commonValidationSchema = Yup.object().shape({
status: Yup.string().oneOf(statuses),
author: Yup.string().required(),
network: Yup.string()
.oneOf(['Ethereum', 'Optimism', 'Ethereum & Optimism','Base','Ethereum, Optimism & Base','Ethereum & Base','Optimism & Base','Arbitrum','Ethereum, Optimism, Base & Arbitrum','Ethereum & Arbitrum'])
.oneOf(['Ethereum', 'Optimism', 'Ethereum & Optimism','Base','Ethereum, Optimism & Base','Ethereum & Base','Optimism & Base','Arbitrum','Ethereum, Optimism, Base & Arbitrum','Ethereum & Arbitrum','Arbitrum & Base'])
.required(),
implementor: Yup.string().nullable(),
release: Yup.string().nullable(),
Expand Down
2 changes: 1 addition & 1 deletion content/sccp/sccp-2134.md
Original file line number Diff line number Diff line change
Expand Up @@ -3,7 +3,7 @@ sccp: 2134
network: Ethereum & Optimism
title: LegacyMarket V3 Migration Preparations
author: Kaleb (@kaleb-keny)
status: Approved
status: Implemented
created: 2024-08-06
proposal: >-
https://snapshot.org/#/snxgov.eth/proposal/0x76837e764e96af7a0852e051776b50bbaccdd734b7fd552fe153261eb28d3312
Expand Down
4 changes: 3 additions & 1 deletion content/sccp/sccp-2136.md
Original file line number Diff line number Diff line change
Expand Up @@ -3,7 +3,9 @@ sccp: 2136
network: Optimism
title: Perps V2 - Deprecate MATIC Market
author: Kaleb (@kaleb-keny)
status: Draft
status: Implemented
proposal: >-
https://snapshot.org/#/snxgov.eth/proposal/0xa3af09eb75cc7a3d92440615e2860afb743a7fff07b319730c4a14e0347b083f
created: 2024-08-29
type: Governance
---
Expand Down
4 changes: 3 additions & 1 deletion content/sccp/sccp-349.md
Original file line number Diff line number Diff line change
Expand Up @@ -3,7 +3,9 @@ sccp: 349
network: Base
title: Perps V3 - Deprecate MATIC Market
author: Kaleb (@kaleb-keny)
status: Draft
status: Implemented
proposal: >-
https://snapshot.org/#/snxgov.eth/proposal/0xc24e8f82569eb592e8c5d4fec7933ed07c6fa10f2b2f026e68f792dad5104532
created: 2024-08-29
type: Governance
---
Expand Down
18 changes: 10 additions & 8 deletions content/sccp/sccp-350.md
Original file line number Diff line number Diff line change
Expand Up @@ -10,7 +10,7 @@ author: Kaleb

# Simple Summary

This SCCP proposes to deploy the below markets on the new Perps V3 deploy:
This SCCP proposes to deploy the below markets on the new Perps V3 deploy as well SOL and USDe for direct margining.

## Markets:

Expand All @@ -20,10 +20,10 @@ This SCCP proposes to deploy the below markets on the new Perps V3 deploy:
| ARB | 0.33% | 1.90 | 0.38 | 50,000,000 | 6,000,000 | 3,000,000 |
| DOGE | 0.20% | 1.60 | 0.36 | 789,000,000 | 51,000,000 | 5,000,000 |
| GMX | 0.50% | 1.20 | 0.4 | 250,000 | 20,000 | 500,000 |
| AAVE | 0.50% | 4.10 | 0.375 | 180,000 | 50,000 | 6,000,000 |
| AAVE | 0.50% | 4.10 | 0.375 | 180,000 | 50,000 | 3,000,000 |
| NEAR | 0.50% | 1.60 | 0.35 | 8,000,000 | 750,000 | 3,000,000 |
| UNI | 0.50% | 0.49 | 0.31 | 2,250,000 | 500,000 | 3,000,000 |
| XRP | 0.50% | 1.20 | 0.32 | 187,500,000 | 5,000,000 | 3,000,000 |
| XRP | 0.50% | 1.20 | 0.32 | 187,500,000 | 5,000,000 | 1,000,000 |
| LTC | 0.20% | 5.50 | 0.4 | 1,687,500 | 77,000 | 5,000,000 |
| ORDI | 0.20% | 1.16 | 0.38 | 870,000 | 100,000 | 3,000,000 |
| STX | 0.50% | 2.80 | 0.43 | 15,000,000 | 700,000 | 1,000,000 |
Expand All @@ -44,7 +44,7 @@ This SCCP proposes to deploy the below markets on the new Perps V3 deploy:
| XLM | 0.50% | 1.20 | 0.37 | 166,500,000 | 11,000,000 | 1,000,000 |

Aside from the above parameters , the perps markets will have the following configurations as well:
- TakerFeeRatio: 8 bp
- TakerFeeRatio: 10 bp
- MakerFeeRatio: 0 bp
- maxFundingVelocity: 36
- flagRewardRatio: 3 bp
Expand All @@ -60,14 +60,16 @@ Aside from the above parameters , the perps markets will have the following conf
| **Margins** | **discountLower** | **discountUpper** | **maxCollateral** | **skewScale** |
|:-----------:|:-----------------:|:-----------------:|:-----------------:|:-------------:|
| SOL | 5.00% | 15.00% | 7,500 | 1,406,250 |
| USDe | 0.50% | 5.00% | 5,000,000 | 0 |
| USDe | 0.50% | 0.51% | 10,000,000 | 1 wei |

Aside from the above parameters, the following parameters apply:
- the `discountScalar` would be set to 1 for all margins
- the collateral liquidation penalty is 3 bp (`collateralLiquidateRewardRatioD18`).
- the collateral liquidation penalty is 3 bp (`collateralLiquidateRewardRatioD18`)
- The `maxKeeperScalingRatio` would be set to 40%
- the [wormhole sol](https://arbiscan.io/address/0xb74da9fe2f96b9e0a5f4a3cf0b92dd2bec617124) token would be used
- the [bridged usde](https://arbiscan.io/token/0x5d3a1ff2b6bab83b63cd9ad0787074081a52ef34) token would be used
- The tokens that could be used as margin would be the synth equivalent of the tokens noted above with no fee on wrapping being levied. The synth fee to sell the synth to USDx would be set to 2% to discourage swapping until [SIP-406](https://sips.synthetix.io/sips/sip-406/) is implemented
- The tokens that could be used as margin would be the synth equivalent of the tokens noted above with no fee on wrapping being levied
- The synth fee to sell the synth to USDx (except on USDC) would be set to 30% to discourage swapping until [SIP-406](https://sips.synthetix.io/sips/sip-406/) is implemented

# Abstract

Expand All @@ -91,7 +93,7 @@ The parameters configurations description is as follows:
- the collateral liquidation penalty is the penalty paid to the liquidator for executing a liquidation
- minReward/maxReward is used to clamp the reward paid to the keeper for settling an order or liquidating
- profitRatio is an additional profit rate added to the gas costs to increase the incentive to keepers to execute when gas costs rise.
- maxKeeperScalingRatio is the reward paid to keepers for liquidating accounts that only have margin and debt (asking to the flagRewardRatio of 3 bp)
- maxKeeperScalingRatio is the cap on the reward paid to keepers, as a function of the size of the margin. It is intended to limit the situation where accounts are liquidated because of gas price surges


# Motivation
Expand Down
21 changes: 21 additions & 0 deletions content/sccp/sccp-351.md
Original file line number Diff line number Diff line change
@@ -0,0 +1,21 @@
---
sccp: 351
title: Update Fee Structure - Promotional Period
network: Arbitrum
status: Draft
type: Governance
created: 2024-09-11
author: Kaleb
---

# Simple Summary

This SCCP proposes to decrease taker fees to 5 bp on all markets (aside from ETH and BTC) for a 2-week promotional period. Furthermore, in order to boost the LP APY, this SCCP proposes to divert the Treasury portion of fees (20%) towards LP's for a 1-month promotional period.
The start date being the time when integrators launch their front-end

# Motivation

The main motivation is to launch arbitrum multicollateral perps v3 with a bang 💥.

# Copyright
Copyright and related rights waived via [CC0](https://creativecommons.org/publicdomain/zero/1.0/).
2 changes: 1 addition & 1 deletion content/sips/sip-306.md
Original file line number Diff line number Diff line change
Expand Up @@ -2,7 +2,7 @@
sip: 306
title: V3 Migration
network: Ethereum & Optimism
status: Approved
status: Implemented
proposal: >-
https://snapshot.org/#/snxgov.eth/proposal/0xfe74586d997170f3b7bea8347e04b5f169aac1b85d5fc39d5b3c2898936db93e
type: Governance
Expand Down
4 changes: 3 additions & 1 deletion content/sips/sip-382.md
Original file line number Diff line number Diff line change
Expand Up @@ -2,7 +2,7 @@
sip: 382
title: List FRIEND-PERP on Perps v3 on Base
network: Base
status: Approved
status: Rejected
type: Governance
author: Danny Sacks (@danny_sacks)
proposal: >-
Expand Down Expand Up @@ -37,6 +37,8 @@ Introducing hot, new assets to Perps v3 ASAP will help us appeal to our existing

- n/a

The SIP cant be executed as the project died.

### Configurable Values

- To be set via SCCP for each market.
Expand Down
4 changes: 2 additions & 2 deletions content/sips/sip-383.md
Original file line number Diff line number Diff line change
@@ -1,8 +1,8 @@
---
sip: 383
title: Multi-Collateral Margin Support - Perps V3
network: Base
status: Approved
network: Arbitrum & Base
status: Implemented
type: Governance
author: 'Sunny Vempati (@sunnyvempati), kaleb (@kaleb-keny), Leo (@leomassazza)'
proposal: >-
Expand Down
4 changes: 3 additions & 1 deletion content/sips/sip-405.md
Original file line number Diff line number Diff line change
Expand Up @@ -2,7 +2,9 @@
sip: 405
title: Temporarily Distribute fees to V2 stakers
network: Ethereum, Optimism, Base & Arbitrum
status: Draft
status: Approved
proposal: >-
https://snapshot.org/#/snxgov.eth/proposal/0x75c9c38b977f74dbd6cebadae281de5a97ebb9ef6edda72984e39df422214270
type: Governance
author: snxmaximalists.eth
---
Expand Down
File renamed without changes.

0 comments on commit 323f473

Please sign in to comment.