SCCP-134: Reduce L2 Target C-Ratio To 900%
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Optimism |
| Implementor | TBD |
| Release | TBD |
| Created | 2021-08-11 |
Simple Summary
Lower target c-ratio on L2 from 1000% to 900%
Abstract
As laid out in SCCP 96, we intend to steadily reduce c-ratio as needed to minimize pain to stakers.
Motivation
We observe that the peg on uniswap is ~1.04 synth-non synth. Furthermore, L2 debt has increased approximately 7% since the beginning of trading on L2. It is therefore desirable to provide a bit more synths to the system.
900% is chosen because there are still several significant risks in this early stage of the trading rollout. We are not yet ready for extremely high liquidity or synth supply on L2.
Copyright
Copyright and related rights waived via CC0.