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Sccp 2046 (#1703)
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kaleb-keny authored Sep 24, 2023
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4 changes: 3 additions & 1 deletion content/sccp/sccp-2045.md
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network: Optimism
title: Update Skew Scale Parameters
author: Kaleb (@kaleb-keny)
status: Draft
status: Implemented
proposal: >-
https://snapshot.org/#/snxgov.eth/proposal/0xd1443eb4e051df817f9242e0a4e7e5a512a110d6a12dfba785c95e0a24d60723
created: 2023-09-21
type: Governance
---
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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
---

# Simple Summary

This SCCP proposes to double the max market value of GMX and LDO:

| **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 |

# Abstract

`maxMarketValue` is the max open interest on one either side of the market denominated underlying currency of that market.

# Motivation

The main motivation is to cater for the increase in open interest and appease the high utilization (> 90%) on those markets.

# Copyright

Copyright and related rights waived via [CC0](https://creativecommons.org/publicdomain/zero/1.0/).


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