Parameter Change Request: [Parameter Change Selected]

ebtc-protocol / ebtc-multisig

eBTC's EVM multisig operations.

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Parameter Change Request: [Parameter Change Selected] #63

Closed sajanrajdev closed 5 months ago

sajanrajdev commented 5 months ago

Protocol Parameter Change

Set Redemption Fee Minute Decay Factor

Parameter Value(s)

0.5

Justification and Details

https://forum.badger.finance/t/activating-ebtc-redemptions/6271

Additional Notes

No response

Verification

[X] I have verified the parameter values and details are correct.

sajanrajdev commented 5 months ago

There was a mis-interpretation with this parameter's value when read from the post, the 0.5 was intended to inform a value euqal to Liquity's so that 50% of the fee value decays in 12hrs or that 75% decays in 24hrs. This means that the decay factor can be derived as: (1/4) = x^1440 - > 0.99904 which is what the system has as default:

No changes are required.