create sccp 404 (#2217)

* update header

* create sccp 404

* Update sccp-404.md

* Update sccp-404.md

* Update sccp-404.md

* add vote header

* add sccp 405

* Update sccp-405.md

Author: kaleb-keny

content/sccp/sccp-403.md

@@ -3,7 +3,7 @@ sccp: 403
 network: Ethereum & Optimism
 title: Update Liquidation Ratio Schedule
 author: Kaleb
-status: Vote_Pending
+status: Approved
 created: 2025-04-09
 proposal: >-
   https://snapshot.org/#/snxgov.eth/proposal/0x7b38742f5d455e0bba5a967bc965b7f1041bd983b1d057355d0da59dc2fecd2f

content/sccp/sccp-404.md

@@ -0,0 +1,64 @@
+---
+sccp: 404
+network: Base
+title: Update Perps V3 Parameters
+author: Kaleb
+status: Vote_Pending
+created: 2025-04-14
+proposal: >-
+  https://snapshot.org/#/snxgov.eth/proposal/0x5472a83f6d88b24391c403b9ffb69d2d1c208964b39a2f1b66907771c51b7f75
+type: Governance
+---
+
+## Simple Summary
+
+This sccp proposes update the perps v3 parameters as per the below:
+
+### Max Market Value
+
+| **ticker** | **Current MMV** | **Proposed MMV** | **CEX OI** | **Current SNX OI** |
+|:----------:|:---------------:|:----------------:|:-------:|:----------------:|
+|     mew    |       1.00      |       0.50       |   5.78  |       0.30       |
+|     not    |       1.00      |       0.70       |   7.07  |       0.21       |
+|   people   |       1.00      |       0.50       |   5.89  |       0.13       |
+|     axl    |       0.50      |       0.25       |   2.62  |       0.31       |
+|    goat    |       3.00      |       0.50       |   6.15  |       0.50       |
+|     pol    |       3.00      |       1.50       |  14.24  |       1.37       |
+|     om     |       3.00      |       1.00       |  17.14  |       0.39       |
+
+*All amounts above are in dollar millions.*
+
+### Skew Scale 
+
+| **ticker** | **Current SkewScale** | **Proposed Skew Scale** | **Current Slippage** | **Proposed Slippage** | **Cex Slippage** |
+|:----------:|:---------------------:|:-----------------------:|:--------------------:|:---------------------:|:----------------:|
+|   virtual  |       11,285,000      |        22,570,000       |          403         |          202          |        54        |
+|    trump   |       3,138,300       |        6,276,600        |          95          |           48          |        11        |
+|    avax    |       1,580,100       |        3,160,200        |          79          |           40          |         9        |
+|     arb    |       60,186,800      |       120,373,600       |          138         |           69          |        16        |
+|     sol    |        817,500        |        1,635,000        |          23          |           12          |         2        |
+
+
+*Slippage above in bp, on 500k$ worth of volume*
+
+### Initial Margin Ratio
+
+Lower the Initial Margin Ratio on the TRUMP market to 6.85 from 14.387.
+
+## Abstract
+
+The parameters being updated are described below;
+ - The `maxMarketValue` is the oi cap in dollar terms and the maxMarketSize represents the cap denominated by the market's underlying currency.
+ - `skewScale` is the scaling factor of the relevant market in the underlying currency for computing price impact and funding rates
+ - `initialMarginRatio` is a scalar applied on the position size to determine the margin set aside to support the users' exposure
+
+
+## Motivation
+
+The motivation behind the Max Market Value update is related to the price pull back on these markets. These changes do not affect the current oi configured, given that the size parameter (maxMarketSize) plays the role to restrict the OI from a decrease in price. However, the change proposes in this sccp updates the max market value parameter as per the current oi offering in the most liquid centralized exchanges.
+
+The skew scale and initial margin ratio parameters aligns the slippage and margin requirement parameters with what is observed on centralized markets.
+
+## Copyright
+
+Copyright and related rights waived via [CC0](https://creativecommons.org/publicdomain/zero/1.0/).

content/sccp/sccp-405.md

@@ -0,0 +1,30 @@
+---
+sccp: 405
+network: Base
+title: Deprecate BAL Market
+author: Kaleb
+status: Vote_Pending
+created: 2025-04-14
+proposal: >-
+  https://snapshot.org/#/snxgov.eth/proposal/0x6daf67bc31dfe325bd40a4b0bcac88d8339eea322f3015d4932f644788c336ef
+type: Governance
+---
+
+## Simple Summary
+
+This sccp proposes deprecate the BAL market. This is done by lowering the `maxMarketValue` and `marketMarketSize` parameters to zero.
+
+## Abstract
+
+The parameters being updated are described below;
+ - The `maxMarketValue` is the oi cap in dollar terms and the maxMarketSize represents the cap denominated by the market's underlying currency.
+ - The `maxMarketValue` is the oi cap in the market's underlying currency.
+
+
+## Motivation
+
+The main motivation is the recent [delisting](https://www.binance.com/en/support/announcement/detail/fac9c3e401da4cc8b604566fd261d70c) on the most liquid centralized markets.
+
+## Copyright
+
+Copyright and related rights waived via [CC0](https://creativecommons.org/publicdomain/zero/1.0/).