Simple Summary

This SCCP proposes to lower the wrappr mintFeeRate to 5 bp from 25 bp.

Abstract

Setting the minting fee at 5 bp will effectively end the rollout of the wrapper program and ensure that the peg on ETH is as low friction as possible.

Motivation

Lowering the mintFeeRate to 5 bp will ensure that sETH stays pegged against ETH.

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