Simple Summary

The current maxDebt was configured to be sUSD 75 million in SCCP-94 but has almost been reached, this sccp proposes to increase it to sUSD 90 million given the increased demand for shorts.

Abstract

The cap if increased to sUSD 90 million allows users to continue to take loans and shorts without interruption.

Motivation

Total debt has almost reached the sUSD 75 million maxDebt previously configured, as can be seen in the table below:

  sUSD M
ETH Collateral 12
sUSD 12
renBTC Collateral 6
sBTC -
sUSD 6
Shorts 54
sBTC 21
sETH 33
Total 72

Therefore raising it to sUSD 90 million allows users to continue to open short positions without interruption.

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