VNP-016 Increase Capital Efficiency of Liquidity Commitments

For some reason I’m unable to edit the original post, so here is the updated JSON proposal following Barney’s feedback:

    "rationale": {
      "title": "VNP-016 Change market.liquidity.stakeToCcyVolume from 1 to 20",
      "description": "Change `market.liquidity.stakeToCcyVolume` from `1` to `20` as set out in [VNP-016]( This parameter controls the ratio between the bond and a liquidity commitment. E.g. a value of 1 means 100k bond for 100k commitment. Changing this parameter to 20, will require a 5k bond for 100k commitment, which significantly increases the capital efficiency for LPs."
    "terms": {
      "updateNetworkParameter": {
        "changes": {
          "key": "market.liquidity.stakeToCcyVolume",
          "value": "20"
      "closingTimestamp": 0,
      "enactmentTimestamp": 0