SCCP-121: Increase Cap on Wrappr to 175k ETH from 125k ETH

Author
StatusImplemented
TypeGovernance
ImplementorTBD
ReleaseTBD
Discussions-Togovernance
Created2021-06-01

Simple Summary

This SCCP proposes to increase the cap on the wrappr contract to 175k ETH from 125k ETH.

Abstract

With the contract currently being near saturation with eth, this sccp proposes to increase the cap to 175k ETH.

Motivation

The cap increase is to allow for arbers to continue to take advantage of the wrappr contract in order to mint sETH with ETH and align the pegs during periods of excess demand without hitting the cap.

Copyright and related rights waived via CC0.