Update large cap params in genesis

dydxprotocol · Sep 27, 2024 · 119218c · 119218c
1 parent 7193a10
commit 119218c
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Showing 2 changed files with 2 additions and 2 deletions.
diff --git a/protocol/scripts/genesis/sample_pregenesis.json b/protocol/scripts/genesis/sample_pregenesis.json
@@ -2985,7 +2985,7 @@
         {
           "id": 0,
           "impact_notional": 10000000000,
-          "initial_margin_ppm": 50000,
+          "initial_margin_ppm": 20000,
           "maintenance_fraction_ppm": 600000,
           "name": "Large-Cap",
           "open_interest_lower_cap": 0,

diff --git a/protocol/testing/genesis.sh b/protocol/testing/genesis.sh
@@ -137,7 +137,7 @@ function edit_genesis() {
 	dasel put -t json -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[]' -v "{}"
 	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[0].id' -v '0'
 	dasel put -t string -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[0].name' -v 'Large-Cap'
-	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[0].initial_margin_ppm' -v '50000' # 5%
+	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[0].initial_margin_ppm' -v '20000' # 2%
 	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[0].maintenance_fraction_ppm' -v '600000' # 60% of IM
 	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[0].impact_notional' -v '10000000000' # 10_000 USDC (500 USDC / 5%)
 	dasel put -t int -f "$GENESIS" '.app_state.perpetuals.liquidity_tiers.[0].open_interest_lower_cap' -v '0' # OIMF doesn't apply to Large-Cap