ARC-90: Update the Max Allowed Spread for the Neutron Maker Contract

Proposals ARC (Astroport Request for Comments)
1

Summary

Update the maximum allowed spread for the Neutron Maker contract from 50% to 10%.

Abstract

The Maker contract is in charge with swapping every token collected as Astroport fees to the ASTRO token. The Maker contract on Neutron has a slippage parameter which is used each time a fee token is swapped to ASTRO. The current allowed slippage on each Maker swap is 50%, which is a rather high figure.

We propose that this slippage parameter is set to 10%.

Executable Message

The executable message for this proposal looks as follows:

[
  {
    "wasm": {
      "execute": {
        "contract_addr": "neutron1unc0549k2f0d7mjjyfm94fuz2x53wrx3px0pr55va27grdgmspcqgzfr8p",
        "msg": "eyJ1cGRhdGVfY29uZmlnIjp7Im1heF9zcHJlYWQiOiIwLjEifX0=",
        "funds": []
      }
    }
  }
]

The readable version of this message looks as follows:

[
  {
    "wasm": {
      "execute": {
        "contract_addr": "neutron1unc0549k2f0d7mjjyfm94fuz2x53wrx3px0pr55va27grdgmspcqgzfr8p",
        "msg": {
          "update_config": {
            "max_spread": "0.1"
          }
        },
        "funds": []
      }
    }
  }
]

Copyright

Copyright and related rights waived via CC0.

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