SCCP-138: Reduce L2 Target C-Ratio To 600%

Author
StatusImplemented
TypeGovernance
ImplementorTBD
ReleaseTBD
Discussions-Tohttps://discord.gg/e9c5Cs
Created2021-09-13

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 and related rights waived via CC0.