SCCP-95: Increase loans and shorts cap to sUSD 90 million from sUSD 75 million
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Ethereum |
| Implementor | TBD |
| Release | TBD |
| Created | 2021-04-17 |
Simple Summary
The current maxDebt was configured to be sUSD 75 million in SCCP-94 but has almost been reached, this sccp proposes to increase it to sUSD 90 million given the increased demand for shorts.
Abstract
The cap if increased to sUSD 90 million allows users to continue to take loans and shorts without interruption.
Motivation
Total debt has almost reached the sUSD 75 million maxDebt previously configured, as can be seen in the table below:
| sUSD M | |
|---|---|
| ETH Collateral | 12 |
| sUSD | 12 |
| renBTC Collateral | 6 |
| sBTC | - |
| sUSD | 6 |
| Shorts | 54 |
| sBTC | 21 |
| sETH | 33 |
| Total | 72 |
Therefore raising it to sUSD 90 million allows users to continue to open short positions without interruption.
Copyright
Copyright and related rights waived via CC0.