Proposal to Launch SHIBA INU Market

It was deliberate, we thought to pass this proposal through to the community first to sense check our proposal. all the necessary parameters like you mentioned will be submitted

As far as I understand it’s not a 1% change, it is 0.00001 % if probability”: 0.9999999 unless it is 0.99

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Good work buddy I basically just rounded up.

How to know when market is into price monitoring auction and liquidity monitoring auction?
Possible the two can occur same time in a market?

What if there is no price monitoring parameters set for the market?
Market won’t suck because of the long auction wait time anymore.
I think I like that.

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Please, when we decide on the auction time, we should make it relatively short. Anything above 5 minutes can become tiring and annoying. As experienced during the fairground trading sessions.

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Does Vega have a way of alerting trading deficit before an auction happens?
Like an alert that the liquidity demand is short and more liquidity is needed?

There are two conditions that defines auction in vega market, trading and liquidiity actions. can these two happen at the same time? what strategies are there to make sure this two doesn’t occur together.

The market basically goes into auction( the market halts for the specified time)mode and I believe there will be an auction mode indicator

It’s good to understand the difference… the price monitor helps to track tea and fake trades…liquidity monitor auction, it’s simply a trigger to auction mode when the liquidity falls way below the market liquidity demand…

Will of course adopt the network default parameter.

Risk management is very important and this how we protect you from large market movements…

That’s what the price monitor and liquidity monitor those… except I misunderstood your question

Can I get an answer or a little explanation to my question ? It can be confusing

we are going to incentivize LPs and keep running these campaign to attract liquidity.

The point is, liquidity is important and this is part of the process we have to go through before the market is launched . So basically if we do not meet the demand market will remain in auction mode and continue to attract more liquidity before launch.

Will love to hear your ideas and suggestions

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Has Voting started? SHIBA is a good trade.
Oracle source availability?

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Not yet, we will surely make the announcement.

  • Open Oracle
  • JSON data
  • Internal timestamp source that is provided by the network

So we may likely consider one of the above

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Suggest implement Open Source ORACLE.

         OUR FINAL PROPOSAL IS READY!

Hey guys first we want to thank you all for the support, suggestions and contributions thus far. The community have been really helpful.

With the help of your support we were able to finalize our proposal codes and stacked ready for the next phase. Thank you!

We made some changes to our price monitoring parameters as suggested by the community after series of discussions with the team.

And we realized that the Community Is the pillar we stand on and there’s no better way to continue to move forward than to listen to you.

Do make sure to go through our final proposal and tell us what you think.


{
  "rationale": {
    "description": “A decentralised community deserves a decentralised exchange like the Vega protocol to strengthen it’s quest to further increase it’s reach” 
  },
  "terms": {
    "newMarket": {
      "changes": {
        "decimalPlaces": "18",
        "positionDecimalPlaces": "5",
        "instrument": {
          "name": “SHIBTUSDC/OCT22,
          "code": “FX:SHIBTUSDC/OCT22”,
          "future": {
            "settlementAsset": "993ed98f4f770d91a796faab1738551193ba45c62341d20597df70fea6704ede",
            "quoteName": "tUSDC”,
            "settlementPriceDecimals": 18,
            "oracleSpecForSettlementPrice": {
              "pubKeys": [
                "c66fe74b64b2c97723bac8c3f110e5c3d7fb78f6c6c8915a56cb962968fbcfa7"
              ],
              "filters": [
                {
                  "key": {
                    "name": "prices.SHIB.value",
                    "type": "TYPE_INTEGER"
                  },
                  "conditions": [
                    {
                      "operator": "OPERATOR_GREATER_THAN_OR_EQUAL",
                      "value": "0"
                    }
                  ]
                }
              ]
            },
            "oracleSpecForTradingTermination": {
              "pubKeys": [
               “c66fe74b64b2c97723bac8c3f110e5c3d7fb78f6c6c8915a56cb962968fbcfa7"
              ],
              "filters": [
                {
                  "key": {
                    "name": "vegaprotocol.builtin.timestamp",
                    "type": "TYPE_TIMESTAMP"
                  },
                  "conditions": [
                    {
                      "operator": "OPERATOR_GREATER_THAN_OR_EQUAL",
                      "value": "1648684800000000000"
                    }
                  ]
                }
              ]
            },
            "oracleSpecBinding": {
              "settlementPriceProperty": "prices.SHIB.value",
              "tradingTerminationProperty": "vegaprotocol.builtin.timestamp"
            }
          }
        },
        "metadata": [
          “Base:SHIB,
          “Quote:TUSDC,
          “Class:CRYPTO,
          “Sector:MEMECOIN
        ],
        "priceMonitoringParameters": {
          "triggers": [
            {
              "horizon": "3600",
              "probability": "0.99",
              "auctionExtension": "300"
            },
           {
              "horizon": "21600",
              "probability": "0.95",
              "auctionExtension": "600"
            }, 
            {
              "horizon": "36000",
              "probability": "0.90",
              "auctionExtension": "600"
             }
          ]
        },
        "liquidityMonitoringParameters": {
          "targetStakeParameters": {
            "timeWindow": "3600",
            "scalingFactor": 10
          },
          "triggeringRatio": 0.7,
          "auctionExtension": "1"
        },
        "logNormal": {
          "tau": 0.0001140771161,
          "riskAversionParameter": 0.001,
          "params": {
            "mu": 0,
            "r": 0.016,
            "sigma": 0.76
          }
        }
      },
      "liquidityCommitment": {
        "commitmentAmount": “100009”,
        "fee": "0.05",
        "buys": [
          {
            "offset": "37",
            "proportion": 6,
            "reference": "PEGGED_REFERENCE_BEST_BID"
          },
          {
            "offset": "88",
            "proportion": 7,
            "reference": "PEGGED_REFERENCE_BEST_BID"
          },
          {
            "offset": "20",
            "proportion": 8,
            "reference": "PEGGED_REFERENCE_BEST_BID"
          }
        ],
        "sells": [
          {
            "offset": "41",
            "proportion": 6,
            "reference": "PEGGED_REFERENCE_BEST_ASK"
          },
          {
            "offset": "100",
            "proportion": 8,
            "reference": "PEGGED_REFERENCE_BEST_ASK"
          },
          {
            "offset": "41",
            "proportion": 6,
            "reference": "PEGGED_REFERENCE_BEST_ASK"
          }
        ]
      }
    },
    "closingTimestamp": 1660114800,
    "enactmentTimestamp": 1660114980
  }
}

Hello Mariales please checkout our latest post for more info on our latest proposal.

We decide to use the internal time stamp provided by the network… thanks

hey, guys voting just started for the SHIBTUSDC market and we will strongly encourage you to show your support. heard over here and cast your vote:https://token.fairground.wtf/governance/21e33e33f8e68efacdeaf7ead3f26b8ddfb95ff5e73ad264f418fb53b24c10bd