SCCP-309: Configure Base Andromeda release
Author | |
---|---|
Status | Draft |
Type | Governance |
Network | Base |
Implementor | TBD |
Release | TBD |
Created | 2023-10-27 |
Simple Summary
Configure the Andromeda Base deployment with V3 and Perps V3 in a conservative manner.
Abstract
Markets require at least 125% collateralization
minimum_liquidity_ratio =125%
minimum deposit time is 24 hours
account_timeout_withdraw = 1 day
Enable USDC as collateral, $1 price, $1m cap, cratio 150%, 101% liquidation, minting disabled
usdc_address = 0x833589fCD6eDb6E08f4c7C32D4f71b54bdA02913 registerNode = CONSTANT NODE, 1
issuanceRatioD18 = MaxUint256 liquidationRatioD18 = 1.01
ETH
150% ETH,
Liquidation ratios
USDC = 101% 120% ETH
caps $20m eth, $20m usdc
Perps
fix USDC - what about depeg?
USDC price = $1
USDC cap = $1m
Motivation
Copyright
Copyright and related rights waived via CC0.