Create sccp-2116.md

content/sccp/sccp-2116.md

@@ -0,0 +1,38 @@
+---
+sccp: 2116
+network: Optimism
+title: Update Perps V2 Parameters
+author: Kaleb (@kaleb-keny)
+status: Vote_Pending
+created: 2024-05-27
+type: Governance
+---
+
+# Simple Summary
+
+This SCCP proposes to update the perps v2 parameters as per the below:
+
+## Skew Scale:
+
+| **Market** | **Current Scale** | **Proposed Scale** | **Current Slippage** | **Proposed Slippage** | **Cex Slippage** |
+|:----------:|:-----------------:|:------------------:|:--------------------:|:---------------------:|:----------------:|
+|    PYTH    |     14,437,500    |     35,000,000     |        391.00        |         161.29        |        36        |
+|     WLD    |     3,250,000     |      9,750,000     |        168.00        |         56.00         |        18        |
+|     WIF    |     10,000,000    |     15,000,000     |        162.59        |         108.39        |       27.24      |
+
+** Slippage figures in the table above are with respect to a trade size of USD 500 thousand **
+
+# Abstract
+
+`skewScale` is the scaling factor of the relevant market in the underlying currency for computing PD and Funding Rates.
+
+# Motivation
+
+The proposed parameter changes on skew scale aim at calibrating 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](https://creativecommons.org/publicdomain/zero/1.0/).
+
+