updated default vault parameters (#1450) (#1453)

(cherry picked from commit 3b3fb48) Co-authored-by: sr33j <srijithpoduval@gmail.com>
dydxprotocol · May 3, 2024 · a476a1d · a476a1d
1 parent 2dc75fd
commit a476a1d
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Showing 4 changed files with 8 additions and 8 deletions.
diff --git a/protocol/app/testdata/default_genesis_state.json b/protocol/app/testdata/default_genesis_state.json
@@ -458,9 +458,9 @@
   "vault": {
     "params": {
       "layers": 2,
-      "spread_min_ppm": 3000,
+      "spread_min_ppm": 10000,
       "spread_buffer_ppm": 1500,
-      "skew_factor_ppm": 500000,
+      "skew_factor_ppm": 2000000,
       "order_size_pct_ppm": 100000,
       "order_expiration_seconds": 2,
       "activation_threshold_quote_quantums": "1000000000"

diff --git a/protocol/scripts/genesis/sample_pregenesis.json b/protocol/scripts/genesis/sample_pregenesis.json
@@ -1812,9 +1812,9 @@
         "layers": 2,
         "order_expiration_seconds": 2,
         "order_size_pct_ppm": 100000,
-        "skew_factor_ppm": 500000,
+        "skew_factor_ppm": 2000000,
         "spread_buffer_ppm": 1500,
-        "spread_min_ppm": 3000
+        "spread_min_ppm": 10000
       }
     },
     "vest": {

diff --git a/protocol/testutil/constants/genesis.go b/protocol/testutil/constants/genesis.go
@@ -1495,9 +1495,9 @@ const GenesisState = `{
     "vault": {
       "params": {
         "layers": 2,
-        "spread_min_ppm": 3000,
+        "spread_min_ppm": 10000,
         "spread_buffer_ppm": 1500,
-        "skew_factor_ppm": 500000,
+        "skew_factor_ppm": 2000000,
         "order_size_pct_ppm": 100000,
         "order_expiration_seconds": 2,
         "activation_threshold_quote_quantums": "1000000000"

diff --git a/protocol/x/vault/types/params.go b/protocol/x/vault/types/params.go
@@ -10,9 +10,9 @@ import (
 func DefaultParams() Params {
 	return Params{
 		Layers:                           2,                            // 2 layers
-		SpreadMinPpm:                     3_000,                        // 30 bps
+		SpreadMinPpm:                     10_000,                       // 100 bps
 		SpreadBufferPpm:                  1_500,                        // 15 bps
-		SkewFactorPpm:                    500_000,                      // 0.5
+		SkewFactorPpm:                    2_000_000,                    // 2
 		OrderSizePctPpm:                  100_000,                      // 10%
 		OrderExpirationSeconds:           2,                            // 2 seconds
 		ActivationThresholdQuoteQuantums: dtypes.NewInt(1_000_000_000), // 1_000 USDC