SCCP-2020: Update Perp Parameters - offchainDelayedOrderMinAge

Author
StatusVote_Pending
TypeGovernance
NetworkOptimism
ImplementorTBD
ReleaseTBD
Created2023-07-10

Simple Summary

This SCCP proposes to lower offchainDelayedOrderMinAge to 2 seconds for all markets

Abstract

The parameter description is as follows:

  • The offchainDelayedOrderMinAge is the minimum amount of time that should elapse after the intent transaction in order for a pyth price to be viable for execution.

Motivation

The proposed change in the parameter is proporsed in order to improve the overall user experience of traders and arbitrageurs. Note that the pyth price freshness is assured by the delayed order execution logic.

Copyright

Copyright and related rights waived via CC0.