SCCP-138: Reduce L2 Target C-Ratio To 600%
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Implementor | TBD |
| Release | TBD |
| Discussions-To | https://discord.gg/e9c5Cs |
| Created | 2021-09-13 |
Simple Summary
Lower target c-ratio on L2 from 750% to 600%
Abstract
As laid out in SCCP 96, we intend to steadily reduce c-ratio as needed to maintain peg and appropriate risk controls.
Motivation
We observe that the peg on uniswap is ~1.2 after the launch of Lyra liquidity mining rewards. We would like to take steps to bring it closer to 1 as we wait for ETH wrapper
Copyright
Copyright and related rights waived via CC0.