Need help with proposing vega market

🌻 Uncategorised/General Discussion
1

I want to propose a vega market and need help with JSON .

{
“proposalSubmission”: {
“reference”: “vega-usdt-perpetual-arbitrum-001”,
“rationale”: {
“title”: “Create VEGA/USDT Perpetual Market on Arbitrum”,
“description”: “Proposal to create a VEGA/USDT perpetual contract market on the Arbitrum network within the Vega protocol. This market will allow continuous trading of VEGA against USDT, leveraging the scalability and low transaction fees of Arbitrum.”
},
“terms”: {
“newMarket”: {
“changes”: {
“instrument”: {
“name”: “VEGA/USDT Perpetual”,
“code”: “VEGA-PERP-ARB”,
“future”: {
“settlementAsset”: “USDT”,
“quoteName”: “USDT”,
“oracleSpecForSettlementPrice”: {
“pubKeys”: [“oracle_pub_key”],
“filters”: [
{
“key”: {
“name”: “price”,
“type”: “oracle”,
“pubKey”: “oracle_pub_key”
},
“conditions”:
}
]
},
“oracleSpecForTradingTermination”: {
“pubKeys”: [“oracle_pub_key”],
“filters”: [
{
“key”: {
“name”: “termination”,
“type”: “oracle”,
“pubKey”: “oracle_pub_key”
},
“conditions”:
}
]
},
“oracleSpecBinding”: {
“settlementPriceProperty”: “price”,
“tradingTerminationProperty”: “termination”
},
“maturity”: “”
}
},
“decimalPlaces”: 6,
“positionDecimalPlaces”: 2,
“lpPriceRange”: “1”,
“linearSlippageFactor”: “0.001”,
“quadraticSlippageFactor”: “0.0001”,
“riskParameters”: {
“logNormal”: {
“riskAversionParameter”: “0.01”,
“tau”: “0.00011407711613050422”,
“params”: {
“mu”: “0”,
“r”: “0.0001”,
“sigma”: “0.015”
}
}
},
“metadata”: [“VEGA”, “USDT”, “Perpetual”, “Arbitrum”],
“priceMonitoringParameters”: {
“triggers”: [
{
“horizonSecs”: 43200,
“probability”: “0.9999999”,
“auctionExtensionSecs”: 600
}
]
},
“liquidityMonitoringParameters”: {
“targetStakeParameters”: {
“timeWindow”: 3600,
“scalingFactor”: 10
},
“triggeringRatio”: “0.7”,
“auctionExtensionSecs”: 60
}
}
}
},
“proposal”: {
“market”: {
“type”: “NewMarket”,
“changes”: {
“instrument”: {
“name”: “VEGA/USDT Perpetual”,
“code”: “VEGA-PERP-ARB”,
“future”: {
“settlementAsset”: “USDT”,
“quoteName”: “USDT”,
“oracleSpecForSettlementPrice”: {
“pubKeys”: [“oracle_pub_key”],
“filters”: [
{
“key”: {
“name”: “price”,
“type”: “oracle”,
“pubKey”: “oracle_pub_key”
},
“conditions”:
}
]
},
“oracleSpecForTradingTermination”: {
“pubKeys”: [“oracle_pub_key”],
“filters”: [
{
“key”: {
“name”: “termination”,
“type”: “oracle”,
“pubKey”: “oracle_pub_key”
},
“conditions”:
}
]
},
“oracleSpecBinding”: {
“settlementPriceProperty”: “price”,
“tradingTerminationProperty”: “termination”
},
“maturity”: “”
}
},
“decimalPlaces”: 6,
“positionDecimalPlaces”: 2,
“lpPriceRange”: “1”,
“linearSlippageFactor”: “0.001”,
“quadraticSlippageFactor”: “0.0001”,
“riskParameters”: {
“logNormal”: {
“riskAversionParameter”: “0.01”,
“tau”: “0.00011407711613050422”,
“params”: {
“mu”: “0”,
“r”: “0.0001”,
“sigma”: “0.015”
}
}
},
“metadata”: [“VEGA”, “USDT”, “Perpetual”, “Arbitrum”],
“priceMonitoringParameters”: {
“triggers”: [
{
“horizonSecs”: 43200,
“probability”: “0.9999999”,
“auctionExtensionSecs”: 600
}
]
},
“liquidityMonitoringParameters”: {
“targetStakeParameters”: {
“timeWindow”: 3600,
“scalingFactor”: 10
},
“triggeringRatio”: “0.7”,
“auctionExtensionSecs”: 60
}
}
}
}
}
}

2

Hey Sparrow,

I don’t think it’s the right time to launch a VEGA perp, unfortunately. We have no secure oracle that can be used to calculate funding payments and due to Vega’s MCAP and liquidity it’s a very risky market for liquidity providers and users due to the possibility of high volatility and ease at which the price can be manipulated

1 Like