From 1bfdd3600ffab94f29ba5ab41bf9410eea03f335 Mon Sep 17 00:00:00 2001
From: aalavandhann <6264334+aalavandhan@users.noreply.github.com>
Date: Mon, 1 Apr 2024 15:59:21 -0400
Subject: [PATCH 1/2] updated sigmoid bound for 20% yearly rollover rate

---
 spot-contracts/contracts/FeePolicy.sol | 4 ++--
 spot-contracts/test/FeePolicy.ts       | 4 ++--
 2 files changed, 4 insertions(+), 4 deletions(-)

diff --git a/spot-contracts/contracts/FeePolicy.sol b/spot-contracts/contracts/FeePolicy.sol
index 3ae82605..82cdd2f0 100644
--- a/spot-contracts/contracts/FeePolicy.sol
+++ b/spot-contracts/contracts/FeePolicy.sol
@@ -68,8 +68,8 @@ contract FeePolicy is IFeePolicy, OwnableUpgradeable {
     uint256 public constant ONE = (1 * 10 ** DECIMALS);
 
     /// @notice Sigmoid asymptote bound.
-    /// @dev Set to 0.01 or 1%, i.e) the rollover fee can be at most 1% on either direction.
-    uint256 public constant SIGMOID_BOUND = ONE / 100;
+    /// @dev Set to 0.05 or 5%, i.e) the rollover fee can be at most 5% on either direction.
+    uint256 public constant SIGMOID_BOUND = ONE / 20;
 
     /// @notice Target subscription ratio lower bound, 0.75 or 75%.
     uint256 public constant TARGET_SR_LOWER_BOUND = (ONE * 75) / 100;
diff --git a/spot-contracts/test/FeePolicy.ts b/spot-contracts/test/FeePolicy.ts
index a4660029..b3eea137 100644
--- a/spot-contracts/test/FeePolicy.ts
+++ b/spot-contracts/test/FeePolicy.ts
@@ -177,7 +177,7 @@ describe("FeePolicy", function () {
       it("should revert", async function () {
         await expect(
           feePolicy.connect(deployer).updatePerpRolloverFees({
-            lower: toPerc("-0.011"),
+            lower: toPerc("-0.051"),
             upper: toPerc("0.01"),
             growth: toPerc("3"),
           }),
@@ -187,7 +187,7 @@ describe("FeePolicy", function () {
         await expect(
           feePolicy.connect(deployer).updatePerpRolloverFees({
             lower: toPerc("-0.01"),
-            upper: toPerc("0.011"),
+            upper: toPerc("0.051"),
             growth: toPerc("3"),
           }),
         ).to.be.revertedWithCustomError(feePolicy, "InvalidSigmoidAsymptotes");

From b8ac23079056e7599d8b812b27c3cbd47ec1ece4 Mon Sep 17 00:00:00 2001
From: aalavandhann <6264334+aalavandhan@users.noreply.github.com>
Date: Mon, 1 Apr 2024 15:59:39 -0400
Subject: [PATCH 2/2] updated LICENSE

---
 LICENSE | 2 +-
 1 file changed, 1 insertion(+), 1 deletion(-)

diff --git a/LICENSE b/LICENSE
index 0e9f50c5..04204fba 100644
--- a/LICENSE
+++ b/LICENSE
@@ -15,7 +15,7 @@ Licensed Work:        Ampleforth Spot
 Additional Use Grant: Any uses listed and defined at
                       spot-license-grants.ampleforthorg.eth
 
-Change Date:          The earlier of 2025-01-01 or a date specified at
+Change Date:          The earlier of 2027-01-01 or a date specified at
                       spot-license-date.ampleforthorg.eth
 
 Change License:       GNU General Public License v3.0 or later