# Updating Live Market

## Updating a Live Market

This functionality allows the community to update parameters of a live market, which can be composed of 5 parts:

### Liquidity Tiers

Liquidity Tier is updatable through `MsgSetLiquidityTier`.

### Market

The Prices module (x/prices) is updatable through `MsgUpdateMarketParam`.

### Perpetual

The Perpetual module (x/perpetuals) is updatable through `MsgUpdatePerpetual`.

### Clob

The Clob module (x/clob) is updatable through `MsgUpdateClobPair`.

### **Market Margin**

Isolated-margin markets can be upgraded to cross-margin through `UpgradeIsolatedPerpetualToCross`.