SCCP-148: Increase Cap on LUSD Wrappr to 30 million sUSD On L2

Author
StatusImplemented
TypeGovernance
ImplementorTBD
ReleaseTBD
ProposalLoading status...
Discussions-Tohttps://discord.gg/EWmYsH7X
Created2021-11-16

Simple Summary

This SCCP proposes to increase the LUSD wrappr cap to 30 million sUSD on L2.

Abstract

In order to begin the process of transitioning away from DAI Wrappr and provide synth liquidity to optimism, this sccp proposes to raise the cap on the LUSD wrappr to 30 million sUSD.

Motivation

Raising the cap on the LUSD wrappr will increase synth liquidity on optimism and allow us to transition away from relying on the DAI wrappr as the major on-ramping tool.

Copyright and related rights waived via CC0.