SCCP-374: Update Oi Multiplier
| Author | Kaleb |
|---|---|
| Status | Vote_Pending |
| Type | Governance |
| Network | Arbitrum & Base |
| Implementor | TBD |
| Release | TBD |
| Proposal | Loading status... |
| Created | 2024-12-09 |
Simple Summary
This SCCP proposes to reduce the locked oi ratio on all perp markets to 0.10. Note that the multiplier is set to 0.5 on all markets except ETH and BTC markets where it's set to 0.25.
Abstract
The locked oi ratio determines the size of of oi allowed for a given LP backing. A ratio of 0.10 means that for each dollar of lp can back up to 10 dollars of oi.
Motivation
The main motivation is to allow for larger open interest limits with the current size of the liquidity pool backing it.
Copyright
Copyright and related rights waived via CC0.