SCCP-278: Unwind Perps V1 Markets
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Optimism |
| Implementor | TBD |
| Release | TBD |
| Proposal | Loading status... |
| Created | 2023-02-08 |
Simple Summary
This SCCP proposes to lower the open interest capacity on perps v1 markets gradually, as traders unwind their position. This SCCP can only be implemented subsequent to SCCP-277.
Abstract
The parameters configuration that would be changed is maxMarketValueUSD which would be lowered iteratively to the amount of open interest available until the maxMarketValueUSD reaches zero.
Motivation
The main motivation is to unwind in the least disruptive manner the perps v1 markets.
Copyright
Copyright and related rights waived via CC0.