Today, Jan 30th, the Mintaka release will begin. There will be no downtime for this release. Here's what's included:
- SIP-297: Perps V2 - Fixes - Bug fixes for Perps V2 calculations, parameters, etc.
During the alpha release of Synthetix Perps V2, bugs were discovered that caused inaccuracies in liquidation fee calculations, parameters for delayed orders, and funding rate calculations.
Most importantly for traders, the calculation of the liquidation premium has been corrected. Positions that are over-leveraged and have margins nearly depleted are now at risk of liquidation. Traders with extremely high leverage positions (above 25x) are advised to rebalance their portfolios by adding margin or reducing their open positions. The fixes for these bugs are detailed in the technical specification section of SIP 297.
These bug fixes are a crucial step in supporting new markets, raising open interest limits, and attracting new users to Synthetix Perps.
If you've got any comments or questions about the release, please join the conversation on Discord. This release is called Mintaka, which like all releases, is named after a star (in order of visual magnitude).