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Create Sccp 2022 / Update SCCP & SIP Headers (#1625)
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kaleb-keny authored Jul 12, 2023
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4 changes: 3 additions & 1 deletion content/sccp/sccp-2019.md
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network: Optimism
title: Update Perp Parameters - Offchain Maker Fee
author: Kaleb (@kaleb-keny)
status: Vote_Pending
status: Approved
proposal: >-
https://snapshot.org/#/snxgov.eth/proposal/0x4db3e50a38502c11ba7b06a5bdd3fdf9e0a27f4c1f290002788652788d4aa0e7
created: 2023-07-10
type: Governance
---
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4 changes: 3 additions & 1 deletion content/sccp/sccp-2020.md
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network: Optimism
title: Update Perp Parameters - offchainDelayedOrderMinAge
author: Kaleb (@kaleb-keny)
status: Vote_Pending
status: Approved
proposal: >-
https://snapshot.org/#/snxgov.eth/proposal/0x92462a486c4035b63dbbd1fbdf9dd41a1055fef7024f19f5d2f080e5c757edf7
created: 2023-07-10
type: Governance
---
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4 changes: 3 additions & 1 deletion content/sccp/sccp-2021.md
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network: Optimism
title: Update Perp Parameters - FTM Market
author: Kaleb (@kaleb-keny)
status: Vote_Pending
status: Approved
proposal: >-
https://snapshot.org/#/snxgov.eth/proposal/0x7268f6e7ecfcb8da7b020b927fd3e130214e06b2f1b370f7b450cb8fbf0a624a
created: 2023-07-10
type: Governance
---
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28 changes: 28 additions & 0 deletions content/sccp/sccp-2022.md
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---
sccp: 2022
network: Optimism
title: Update Perp Parameters - MaxPD and MaxLiquidationDelta
author: Kaleb (@kaleb-keny)
status: Vote_Pending
created: 2023-07-12
type: Governance
---

# Simple Summary

This SCCP proposes to update the `maxLiquidationDelta` and `maxPD` parameters to 10 and 20 bp respectively on the FTM and BCH markets.

# Abstract

`maxPD` (MPD) and `maxLiquidationDelta` (MLD) are parameters introduced in [SIP-2005](https://sips.synthetix.io/sips/sip-2005/) and they are set by governance taking into account the below rules:
- `maxPD` is set to 2 * (offchain maker fee + offchain taker fee)
- `maxLiquidationDelta` is set to offchain maker + offchain taker fees
These parameters determine whether an account can be liquidated spontaneously or exclusively by endorsed Liquidators.

# Motivation

The proposed changes in this SCCP are necessary, in order to continue to execute liquidations safely, taking into account changes to the makerFee proposed in [SCCP-2019](https://sips.synthetix.io/sccp/sccp-2019/).

# Copyright

Copyright and related rights waived via [CC0](https://creativecommons.org/publicdomain/zero/1.0/).
2 changes: 1 addition & 1 deletion content/sips/sip-2024.md
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sip: 2024
title: Add ETC and COMP to Perps V2
network: Optimism
status: Vote_Pending
status: Approved
type: Governance
author: GUNBOATs (@gunboatsss)
proposal: >-
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2 changes: 1 addition & 1 deletion content/sips/sip-2025.md
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sip: 2025
title: Add MAV to Perps V2
network: Optimism
status: Draft
status: Approved
type: Governance
author: GUNBOATs (@gunboatsss)
proposal: >-
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