SCCP-2147: Raise the OI Cap on SOL
| Author | Kaleb |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Optimism |
| Implementor | TBD |
| Release | TBD |
| Proposal | Loading status... |
| Created | 2024-11-22 |
Simple Summary
This SCCP proposes to raise the maxMarketValue on the SOL market to 670k (175m dollars) from 550k.
Abstract
The maxMarketValue is the limit set on open interest (longs or shorts).
Motivation
The change is in light of the recent utilization of the limit on the SOL market which is quickly approaching 90%. Note that the market is backed by the size of the SNX staked, close to 370m$, given the deprecation of spot markets and legacy products.
Copyright
Copyright and related rights waived via CC0.