SCCP-2020: Update Perp Parameters - offchainDelayedOrderMinAge

Author
StatusImplemented
TypeGovernance
NetworkOptimism
ImplementorTBD
ReleaseTBD
ProposalLoading status...
Created2023-07-10

Simple Summary

This SCCP proposes to lower offchainDelayedOrderMinAge to 2 seconds for all markets

Abstract

The parameter description is as follows:

  • The offchainDelayedOrderMinAge is the minimum amount of time that should elapse after the intent transaction, in order for a pyth price to be viable for execution.

Motivation

The change in the parameter should improve the overall user experience of traders and arbitrageurs. Note that the pyth price freshness is assured by the delayed order execution logic Therefore, there is no additional taken on by the debt pool from this parameter change.

Copyright

Copyright and related rights waived via CC0.