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create sccp 365 and 366 #2149

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Nov 19, 2024
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create sccp 365 and 366 #2149

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afff564
create sccp 365 and 366
kaleb-keny Nov 19, 2024
6d89b24
Update sccp-366.md
kaleb-keny Nov 19, 2024
0f7ede3
update headers
kaleb-keny Nov 19, 2024
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26 changes: 26 additions & 0 deletions content/sccp/sccp-365.md
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---
sccp: 365
title: Update Keeper Settlement Reward
network: Arbitrum & Base
status: Vote_Pending
type: Governance
created: 2024-11-19
author: Kaleb
proposal: >-
https://snapshot.org/#/snxgov.eth/proposal/0x2b464037de9824e79774dd122e87ffc938ba9cd0315bd777033394c2927172a7
---

# Simple Summary

This SCCP proposes to decrease the settlement reward for settling perp trades from 1 USD to 40 cents per trade.

# Abstract
The settlement reward is configured in the settlement strategy of the perp market and is currently configured to 1 USD. The reward represents the minimum reward paid to keepers on top of gas costs.

# Motivation

The parameter updates are in light of the recent review of profitability of keepers vis-a-vis transaction costs. The recently implemented [SCCP-364](https://sips.synthetix.io/sccp/sccp-364/) should help guarantee that keepers are compensated at all times for settling trades. This along with the compensation that scales as gas prices spike should ensure that keepers compensation increases as the cost of settle trades rises.


# Copyright
Copyright and related rights waived via [CC0](https://creativecommons.org/publicdomain/zero/1.0/).
25 changes: 25 additions & 0 deletions content/sccp/sccp-366.md
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---
sccp: 366
title: Lower the minimum position margin
network: Arbitrum & Base
status: Vote_Pending
type: Governance
created: 2024-11-19
author: Kaleb
proposal: >-
https://snapshot.org/#/snxgov.eth/proposal/0x07161fe33af9f9efb780ad4093f2fcc4c7616e1fe5d2dbbc742b35f489b5e811
---

# Simple Summary

This SCCP proposes to decrease the minimum initial margin on both the base and arbitrum implementations to 15 USD.

# Abstract
The minimum position margin was specified during the pre-blob days, when trade settlement spiked for prolonged periods of time. This along with a review of the minimum keeper reward for executing liquidations and settling trades allows us to lower the minimum margin requirements without undue risk on the protocol.

# Motivation
The parameter change proposed in this SCCP was requested by one of our partner integrators in order to be able to onboard more traders on Arbitrum and Base.


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