Parameter Adjustment Announcement: Reduce funding rate by 50%

During the past several weeks, we’ve adopted more strategies to control the LP risk exposure, like basis trading, etc. Funding rate has become a minor factor of managing LP risks. In order to improve the trading experience, we’ve decided to adjust the parameter - funding rate factor (γ).

Applicable pools:

BUSD pool on BSC
(contract address 0xdb282bbace4e375ff2901b84aceb33016d0d663d)

        ETH-BUSD perpetual (https://app.mcdex.io/trade/00002/?chainId=56)
        BTC_BUSD perpetual (https://app.mcdex.io/trade/00001/?chainId=56)

USDC pool on Arbitrum
(contract address 0xdb282bbace4e375ff2901b84aceb33016d0d663d)

       ETH-BUSD perpetual (https://app.mcdex.io/trade/00001/?chainId=42161)
       BTC_BUSD perpetual (https://app.mcdex.io/trade/00002/?chainId=42161)

Funding Rate Factor (γ) has been modified from 1.2% to 0.6%.

The adjustments will reduce the funding rate by 50% when AMM position ratio is the same.