SCCP-94: Increase loans and shorts cap to sUSD 75 million from sUSD 65 million
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Implementor | TBD |
| Release | TBD |
| Discussions-To | governance |
| Created | 2021-04-13 |
Simple Summary
The current maxDebt was configured to be sUSD 65 million in SCCP-91 but has been surpassed, this sccp proposed to increase it to sUSD 75 million given the increased demand for shorts.
Abstract
The cap if increased to sUSD 75 million allows users to take loans and shorts.
Motivation
Total debt had increased beyound the sUSD 65 million maxDebt previously configured, as can be seen in the table below:
| sUSD M | |
|---|---|
| ETH Collateral | 8.7 |
| sUSD | 8.7 |
| renBTC Collateral | 4.4 |
| sBTC | 0.03 |
| sUSD | 4.4 |
| Shorts | 52.3 |
| sBTC | 18.3 |
| sETH | 34 |
| Total | 65.5 |
Therefore raising it to sUSD 75 million allows users to open short positions.
Copyright
Copyright and related rights waived via CC0.