SCCP-2147: Raise the OI Cap on SOL

Author
Kaleb
StatusVote_Pending
TypeGovernance
NetworkOptimism
ImplementorTBD
ReleaseTBD
ProposalLoading status...
Created2024-11-22

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.