SCCP-191: Update Futures Fees Parameters

Simple Summary

This SCCP proposes to update the fees parameters of the futures contracts as follows:

ticker	current maker/taker next price	proposed maker/taker next price	current maker/taker	proposed maker/taker
eth	20/20	20/20	25/30	25/30
btc	20/20	20/20	20/30	25/30
link	20/20	25/25	35/40	30/35
sol	30/30	30/30	70/80	35/40
aave	30/30	35/35	70/80	40/45
uni	30/30	30/30	70/80	35/40
avax	30/30	25/25	70/80	35/40
matic	30/30	30/30	70/80	35/40

Abstract

The parameters in the table above represent the following:

• makerFeeNextPrice and takerFeeNextPrice are the fees paid by traders when filled for next price futures orders.
• makerFee and takerFee are the fees paid by traders when filled immediately..

Motivation

The base fees were primarily calibrated by considering the historical volatility of the assets as to limit the latency arbitrage. The off-chain circuit breakers allows us to lower those fees with minimal risk to latency arbitrage.

Copyright

Copyright and related rights waived via CC0.