Simple Summary

This SCCP proposes to lower the skew scale parameter on the APE market from 45,000,000 to 30,000,000 and decrease the offchainMakerFeeRate to zero.

Abstract

The description of the parameters changes is as follows:

• skewScale is the scaling factor of the relevant market in the underlying currency for computing PD and Funding Rates.
• offchainMakerFeeRate is the maker fee charged for balancing out a position on a given side of the market.

Motivation

The main motivation is to increase the incentive on arbitrageurs to arbitrage the skew by targeting an effective liquidity comfortably below liquidity available on centralized exchanges.

Copyright

Copyright and related rights waived via CC0.