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--- | ||
sccp: 2046 | ||
network: Optimism | ||
title: Update Max Market Value - GMX / LDO | ||
author: Kaleb (@kaleb-keny) | ||
status: Draft | ||
created: 2023-09-23 | ||
type: Governance | ||
--- | ||
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# Simple Summary | ||
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This SCCP proposes to double the max market value of GMX and LDO: | ||
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| **Market** | **Current** | **Proposed** | **Proposed $** | **CEX OI** | | ||
|:----------:|:-----------:|:------------:|:--------------:|:----------:| | ||
| LDO | 200,000 | 400,000 | 592,671 | 12,000,000 | | ||
| GMX | 7,000 | 14,000 | 484,400 | 200,000 | | ||
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# Abstract | ||
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`maxMarketValue` is the max open interest on one either side of the market denominated underlying currency of that market. | ||
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# Motivation | ||
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The main motivation is to cater for the increase in open interest and appease the high utilization (> 90%) on those markets. | ||
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# Copyright | ||
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Copyright and related rights waived via [CC0](https://creativecommons.org/publicdomain/zero/1.0/). | ||
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