Simple Summary

This SCCP proposes to update the parameters of the CRV Perp market as per the below:

Skew Scale:

Current Scale	Proposed Scale	Current Slippage	Proposed Slippage	Cex Slippage
37,500,000	46,875,000	47	38	13

** Slippage figures in the table above are with respect to a trade size of USD 500 thousand **

Max Market Value

Increase the maxMarketValue from 1,851,900 CRV tokens to 6m CRV tokens (roughly 2m$)

Abstract

Below is a description of the parameter changes proposed in the SCCP:

• skewScale is the scaling factor of the relevant market in the underlying currency for computing PD and Funding Rates.
• maxMarketValue is the parameter that helps calibrate

Motivation

The proposed parameter update aims at improving the execution pricing on the CRV market and increasing the maximum possible open interest given it's utilization.

Switched to rejected by author.

Copyright

Copyright and related rights waived via CC0.