💱New Perp Market Listing
Intent of this page is to serve as a helpful guide to create proposals to list new perp markets or edit parameters of existing markets on mango V4.
Please refer to New Token Listing for fields which are common.
Fields, notes, and some examples
| Field | notes | e.g. |
|---|---|---|
group | - | |
settle_token_index | The index of the an existing listed token in which the PnL would be settled | Usually 0, i.e. USDC |
group_insurance_fund | If insurance fund should back this market | true/false |
name | Same as token, with additional -PERP as suffix | |
oracle | - | |
oracle_config | - | |
stable_price_model | - | |
quote_lot_size | 0.1$ is the min tick | 10 |
base_lot_size | If btc price is 20k, one base lot would be 2$ | 100 |
maint_base_asset_weight | - | |
init_base_asset_weight | - | |
maint_base_liab_weight | - | |
init_base_liab_weight | - | |
min_funding | -0.05 | |
max_funding | 0.05 | |
impact_quantity | orders are walked down until impact quantity is accumulated to find bid/ask required to compute funding rate, If btc price is 20k, 100 would be equivalent to 100 base lots i.e. 200$ | 100 |
base_liquidation_fee | liquidation fee for liquidation base lots in a perp position | 0.0125 i.e. 1.25% |
maker_fee | -0.0001 i.e. 1bps discount | |
taker_fee | 0.0004 i.e. 4bps | |
fee_penalty | IOC orders are currently always charged a penalty, regardless of been filled or not | 5 i.e. 5 native USDC |
settle_fee_flat | as settlement is permissionless, settlers are incentivised to receive fixed settlement fees to settle often | 100 i.e. 100 native USDC |
settle_fee_amount_threshold | distribute settlement fee only if settlement amount is above a threshold | 100000000 i.e. 100M native USDCdc, i.e. 100 USDC |
settle_fee_fraction_low_health | a percentage fee is paid to the settler when the source account's health is low. That's because the settlement could avoid it getting liquidated: settling will increase its health by actualizing positive perp PnL | 0.01 i.e. 1 percent |
settle_pnl_limit_factor | PnL settlement limit in comparison to base position value | 1 i.e. 100% |
settle_pnl_limit_window_size_ts | PnL settlement limit window, after which limit is reset | 1 * 60 * 60 i.e. 1hr |
maint_overall_asset_weight | weight for full perp market health, if positive | 0.95 |
init_overall_asset_weight | " | 0.95 |
positive_pnl_liquidation_fee | liquidation fee for liquidating positive PnL | 0.025 i.e. 2.5% |
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