Autocrat Changes

[Henry-E]

Some minor changes to autocrat. Mostly config based.

[Henry-E]

Still TODO, getting the tests working again.

[Henry-E]

Thanks for the test fixes @Dodecahedr0x!

[Henry-E]

I'm still learning the tests. Is there a good way to check that the $5 increments is working as intended?

[Henry-E]

Anyone else forking this will have to decide on their own values for

• MAX_OBSERVATION_CHANGE_PER_UPDATE_LOTS -> the $ value of the each twap move, in terms of price lots
• expected value -> the starting $ value of the TWAP, in terms of price lots. Meta used to have EV = $1 but moved it up $100 in this change.

They will also need to decide whether the base and quote lot sizes are appropriate. E.g. minimum base lots size of 1 token when the token has 9 decimals, would mean base_lot_size = 1_000_000_000. And assuming the quote currency is USDC, which has 6 decimals, then a quote_lot_size = 100 allows price down to one hundredth of a cent or $0.0001. Meme coins sometimes have even lower prices, so quote lot size might need to be adjusted down further.

[Henry-E]

Brief summary of changes

• Set default pass threshold to 3%
• set max observation change per update lots to $5 and make it a configurable option
• set default expected value to $100
• Ensure that the open markets expire a minimum of 10 days from the creation of the proposal to allow for rent retrieval from openbook markets
• Reduce the openbook base lot size so that people can trade in lots of 0.1 meta