SCCP-309: Configure Base Andromeda release

Author
StatusDraft
TypeGovernance
NetworkBase
ImplementorTBD
ReleaseTBD
Created2023-10-27

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 and related rights waived via CC0.