VMP-021 update funding interval on ETH perps to 8 hours
The funding interval on ETH perps needs to be updated to 8 hours for the reasons set out in this post: VMP-013 Create market - BTCUSDT Perpetual - #8 by davidbrent101
Full Proposal JSON:
{
"rationale": {
"title": "VMP-21 Update ETH Perp funding interval to 8 hours.",
"description": "A proposal to update the existing market ETH/USD-PERP with a funding interval of 8 hours as discussed in the forum: https://community.vega.xyz/t/vmp-021-update-funding-interval-on-eth-perps-to-8-hours/4390"
},
"terms": {
"updateMarket": {
"marketId": "e63a37edae8b74599d976f5dedbf3316af82579447f7a08ae0495a021fd44d13",
"changes": {
"linearSlippageFactor": "0.001",
"quadraticSlippageFactor": "0",
"instrument": {
"code": "ETH/USD-PERP",
"perpetual": {
"quoteName": "USD",
"marginFundingFactor": "0.95",
"interestRate": "0.1095",
"clampLowerBound": "-0.0005",
"clampUpperBound": "0.0005",
"dataSourceSpecForSettlementSchedule": {
"internal": {
"timeTrigger": {
"conditions": [
{
"operator": "OPERATOR_GREATER_THAN_OR_EQUAL",
"value": "0"
}
],
"triggers": [
{
"initial": "1700359200",
"every": "28800"
}
]
}
}
},
"dataSourceSpecForSettlementData": {
"external": {
"ethOracle": {
"address": "0x5f4eC3Df9cbd43714FE2740f5E3616155c5b8419",
"abi": "[{\"inputs\":[],\"name\":\"latestAnswer\",\"outputs\":[{\"internalType\":\"int256\",\"name\":\"\",\"type\":\"int256\"}],\"stateMutability\":\"view\",\"type\":\"function\"}]",
"method": "latestAnswer",
"args": [],
"trigger": {
"timeTrigger": {
"initial": "1700359200",
"every": "300"
}
},
"requiredConfirmations": "3",
"filters": [
{
"key": {
"name": "eth.price",
"type": "TYPE_INTEGER",
"numberDecimalPlaces": "8"
},
"conditions": [
{
"operator": "OPERATOR_GREATER_THAN_OR_EQUAL",
"value": "0"
}
]
}
],
"normalisers": [
{
"name": "eth.price",
"expression": "$[0]"
}
]
}
}
},
"dataSourceSpecBinding": {
"settlementDataProperty": "eth.price",
"settlementScheduleProperty": "vegaprotocol.builtin.timetrigger"
}
}
},
"metadata": [
"enactment:2023-11-19T02:00:00Z",
"base:ETH",
"quote:USD",
"class:fx/crypto",
"perpetual",
"sector:defi"
],
"priceMonitoringParameters": {
"triggers": [
{
"horizon": "43200",
"probability": "0.9999999",
"auctionExtension": "300"
}
]
},
"liquidityMonitoringParameters": {
"targetStakeParameters": {
"timeWindow": "3600",
"scalingFactor": 0.05
},
"triggeringRatio": "0.1",
"auctionExtension": "1"
},
"logNormal": {
"tau": 0.000009506426342,
"riskAversionParameter": 0.000001,
"params": {
"mu": 0,
"r": 0.016,
"sigma": 1.5
}
},
"liquiditySlaParameters": {
"priceRange": "0.3",
"commitmentMinTimeFraction": "0.85",
"performanceHysteresisEpochs": "1",
"slaCompetitionFactor": "0.5"
}
}
},
"closingTimestamp": 1701198000,
"enactmentTimestamp": 1701198000
}
}