This UMIP will have the effect of introducing a slightly modified financial contract template that:
- Still allows users to deploy the EMP (synthetic expiring token) contract.
- Respects the collateral currency whitelist introduced in UMIP-8 to allow simpler and faster adoption of new collateral currencies.
- Allows the liquidation and withdrawal liveness parameters to be set to any time period that’s at least 1 second (previously hardcoded at 2 hours, or 7200 seconds).
- Allows the expiry time to be set to any future timestamp.