SCCP-354: Update Arbitrum Max Lp Amount - sUSDe
| Author | Kaleb |
|---|---|
| Status | Vote_Pending |
| Type | Governance |
| Network | Arbitrum |
| Implementor | TBD |
| Release | TBD |
| Proposal | Loading status... |
| Created | 2024-09-19 |
Simple Summary
This SCCP proposes to lower the sUSDe max lp amount to 10 million USD from the 50 million USD, previous voted on in SCCP-339.
Abstract
The maxMarketCollateralAmount is the maximum amount that can be LP'd into the core system.
Motivation
The initial parameters were initially configured with expectation that redemption based pricing would be feasible with the current v3 implementation. However reaching that state requires a bit more work that is yet to be completed from both Synthetix and Pyth side. Hence, it is recommended to lower the maximum amount that can be Lp'd until the redemption based pricing is possible.
Copyright
Copyright and related rights waived via CC0.