| sccp | network | title | author | status | created | proposal | type |
|---|---|---|---|---|---|---|---|
2022 |
Optimism |
Update Perp Parameters - MaxPD and MaxLiquidationDelta |
Kaleb (@kaleb-keny) |
Implemented |
2023-07-12 |
Governance |
This SCCP proposes to update the maxLiquidationDelta and maxPD parameters to 10 and 20 bp respectively on the FTM and BCH markets.
maxPD (MPD) and maxLiquidationDelta (MLD) are parameters introduced in SIP-2005 and they are set by governance taking into account the below rules:
maxPDis set to 2 * (offchain maker fee + offchain taker fee)maxLiquidationDeltais set to offchain maker + offchain taker fees These parameters determine whether an account can be liquidated spontaneously or exclusively by endorsed Liquidators.
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.
Copyright and related rights waived via CC0.