From b5835a56bec183ce259bc80e5e894494d4b41dfb Mon Sep 17 00:00:00 2001 From: vincentwschau <99756290+vincentwschau@users.noreply.github.com> Date: Mon, 22 Jul 2024 14:52:13 -0400 Subject: [PATCH] Update liquidity tiers lower/upper OI caps. (#243) --- pages/users-governance/functionalities.md | 6 +++--- 1 file changed, 3 insertions(+), 3 deletions(-) diff --git a/pages/users-governance/functionalities.md b/pages/users-governance/functionalities.md index cdfb3401..d94be961 100644 --- a/pages/users-governance/functionalities.md +++ b/pages/users-governance/functionalities.md @@ -79,9 +79,9 @@ Current Liquidity Tiers include: | ID | Name | initial margin fraction | maintenance fraction (what fraction MMF is of IMF) | base position notional | impact notional | maintenance margin fraction (as is) | impact notional (as is) | Lower Cap (USDC Millions) | Upper Cap (USDC Millions) | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 0 | Large-Cap | 0.05 | 0.6 | 1_000_000 USDC | 500 USDC / IM | 0.03 | 10_000 USDC | None | None | -| 1 | Mid-Cap | 0.1 | 0.5 | 250_000 USDC | 500 USDC / IM | 0.05 | 5_000 USDC | 15 | 25 | -| 2 | Long-Tail | 0.2 | 0.5 | 100_000 USDC | 500 USDC / IM | 0.1 | 2_500 USDC | 2.5 | 5 | -| 3 | Safety | 1 | .02 | 1_000 USDC | 2500 USDC / IM | 0.2 | 2_500 USDC | 0.5 | 1 | +| 1 | Mid-Cap | 0.1 | 0.5 | 250_000 USDC | 500 USDC / IM | 0.05 | 5_000 USDC | 20 | 50 | +| 2 | Long-Tail | 0.2 | 0.5 | 100_000 USDC | 500 USDC / IM | 0.1 | 2_500 USDC | 5 | 10 | +| 3 | Safety | 1 | .02 | 1_000 USDC | 2500 USDC / IM | 0.2 | 2_500 USDC | 2 | 5 | - Each market has a `Lower Cap` and `Upper Cap` denominated in USDC. - Each market already has a `Base IMF`.