SCCP-241: Update DOGE Futures Parameters
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Optimism |
| Implementor | TBD |
| Release | TBD |
| Proposal | Loading status... |
| Created | 2022-10-31 |
Simple Summary
Increase DOGE Futures makerFee and takerFee to 60 and 65 bp, from 35 and 40 bp.
Abstract
makerFee and takerFee are the fees paid by traders when filled immediately.
Motivation
The main motivation is the recent increase in market volatiliy related to DOGE which exposes stakers to few latency arbitrage opportunities, despite the offchain circuit breaker helping lean against these periods. Raising fees on DOGE will allow us to scale back the aggressiveness of the latency circuit breaker and ensure that the latency arbitrages are constrained.
Copyright
Copyright and related rights waived via CC0.