Summary:
Adjusting the parameters of TricryptoUSDC at 0x7f86bf177dd4f3494b841a37e810a34dd56c829b for better overall performance.
Abstract:
| Parameter | On-chain (live) | Candidate | Change |
|---|---|---|---|
| A | 1707629 | 821254 | ×0.481 |
| gamma | 0.000011809167829 | 0.0000332271078505 | ×2.814 |
| mid fee | 0.0300% | 0.2650% | ×8.835 |
| out fee | 0.300% | 0.379% | ×1.264 |
| fee gamma | 0.0005 | 0.0000431161565049 | ×0.086 |
| allowed extra profit | 0.000002 | 0.00000219407890927 | ×1.097 |
| adjustment step | 0.00049 | 0.000870625384729 | ×1.777 |
Motivation:
The pool currently charges ~0.10% average against a 0.03% floor, the proposed parameters charge ~0.36%, volume falls ~46%, but the revenue still more than doubles because the fee increase outruns the volume loss.
Total search space: 18,000 years of price history, stability tested against 8 randomised volatility profiles (for both BTC and ETH), with 3 years of onchain price tracking
Underneath: Visualisation of the search path
Total swap fees $511k → $1.13M
Dao Revenue x2.23
Virtual Price x2.26
Max price_scale deviation: unchanged (good)
Total Volume $603M → $325M, while AVG swap fee x3.68
Average effective swap fee 0.098% → 0.361%
Large zoom into price_scale
Specification:
now = <unix timestamp at vote creation>
future_time = now + 1209600 # 14 days
Call via agent (0x40907540d8a6C65c637785e8f8B742ae6b0b9968):
├─ To: 0x7f86Bf177Dd4F3494b841a37e810A34dD56c829B
├─ Function: ramp_A_gamma
└─ Inputs: [('uint256', 'future_A', '821254'), ('uint256', 'future_gamma', '33227107850500'), ('uint256', 'future_time', 'now + 1209600')]
Call via agent (0x40907540d8a6C65c637785e8f8B742ae6b0b9968):
├─ To: 0x7f86Bf177Dd4F3494b841a37e810A34dD56c829B
├─ Function: commit_new_parameters
└─ Inputs: [('uint256', '_new_mid_fee', '26505000'), ('uint256', '_new_out_fee', '37920000'), ('uint256', '_new_fee_gamma', '43116156504900'), ('uint256', '_new_allowed_extra_profit', '2194078909270'), ('uint256', '_new_adjustment_step', '870625384729000'), ('uint256', '_new_ma_time', '865')]