Skip to content

Commit

Permalink
Update sccp-2116.md
Browse files Browse the repository at this point in the history
  • Loading branch information
kaleb-keny committed May 27, 2024
1 parent 6119c9e commit 4631255
Showing 1 changed file with 1 addition and 2 deletions.
3 changes: 1 addition & 2 deletions content/sccp/sccp-2116.md
Original file line number Diff line number Diff line change
Expand Up @@ -28,8 +28,7 @@ Update the `maxLiquidationDelta` of and `maxPD` of the SOL perp market to 8.01 b
# Abstract
Below is a description of the parameter changes proposed in the SCCP:
- `skewScale` is the scaling factor of the relevant market in the underlying currency for computing PD and Funding Rates.
- `maxPD` is set to 2 * (offchain maker fee + offchain taker fee)
- `maxLiquidationDelta` is set to offchain maker + offchain taker fees
- `maxPD` and `maxLiquidationDelta` are described in [SIP-2095](https://sips.synthetix.io/sips/sip-2005/) are parameters that determine whether accounts flagged for liquidation require an endorsed account to confirm the liquidation. As a rule, the `maxPD` is configured to 2 * (offchain maker fee + offchain taker fee) while the `maxLiquidationDelta` is set to offchain maker + offchain taker fees.

# Motivation

Expand Down

0 comments on commit 4631255

Please sign in to comment.