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+---
+sccp: 2065
+network: Optimism
+title: Update Perps V2 Parameters
+author: Kaleb (@kaleb-keny)
+status: Vote_Pending
+created: 2023-12-06
+type: Governance
+---
+
+# Simple Summary
+
+This SCCP proposes to update the perps v2 parameters as per the below:
+
+## Skew Scale
+
+| **Market** | **Current Scale** | **Proposed Scale** | **Current Slippage** | **Proposed Slippage** | **Cex Slippage** |
+|:----------:|:-----------------:|:------------------:|:--------------------:|:---------------------:|:----------------:|
+|    AVAX    |     3.75M         |      1.9M          |           5          |            10         |        8         |
+
+
+
+## Max Market Value
+
+| **Market** | **Current MV** | **Proposed MV** | **Propose MV$** | **Cex OI** |
+|:----------:|:--------------:|:---------------:|:---------------:|:----------:|
+|    LINK    |      0.9M      |       1M        |    14M          |   7.6M     |
+|    AVAX    |      0.16M     |       0.32M     |    8.6M         |   4M       |
+
+
+# Abstract
+
+Below is a description of the parameter changes propopsed in the SCCP:
+- `MaxMarketValue` is the maximum possible open interest on any given side of a perp market.
+- `skewScale` is the scaling factor of the relevant market in the underlying currency for computing PD and Funding Rates.
+
+# Motivation
+
+The proposed parameter changes on skew scale aim at increasing the incentive on arbitrageurs to arbitrage the skew by targeting an effective liquidity comfortably below liquidity available on centralized exchanges. While the motivation behind the changes on max market value levels are done in order to align the oi caps with historical utilization (after incorporating a buffer). 
+
+# Copyright
+
+Copyright and related rights waived via [CC0](https://creativecommons.org/publicdomain/zero/1.0/).
+
+