SCCP-359: Update Perp Market Parameters - Max Funding Velocity
| Author | Kaleb |
|---|---|
| Status | Draft |
| Type | Governance |
| Network | Base |
| Implementor | TBD |
| Release | TBD |
| Created | 2024-10-16 |
Simple Summary
This SCCP proposes to lower the maxFundingVelocity to 4 on the ETH and BTC Markets and 9 on all other markets
Abstract
The maxFundingVelocity is the main parameter that controls the extent of funding rate changes based on the persistency of a given skew.
Motivation
The main motivation is to align the user experience on both Base and Arbitrum networks, taking into account users feedback.
Copyright
Copyright and related rights waived via CC0.