SCCP-88: Increase loans and shorts cap to sUSD 50 million
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Implementor | TBD |
| Release | TBD |
| Discussions-To | governance |
| Created | 2021-03-14 |
Simple Summary
The current cap was configured to sUSD 40 million in SCCP-87 of which sUSD 39 million is currently utilized in shorts and borrows, so there is not much room for new users to take loans or shorts.
Abstract
The cap can be increased to sUSD 50 million to allow more users to take loans and shorts.
Motivation
The cap of sUSD 40 million has almost been reached. Given that we want to promote using the new shorting mechanism as a longterm replacement for iSynths staking, increasing the cap gradually we approach full utilization would be the prudent approach.
Copyright
Copyright and related rights waived via CC0.