SCCP-121: Increase Cap on Wrappr to 175k ETH from 125k ETH
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Ethereum |
| Implementor | TBD |
| Release | TBD |
| Created | 2021-06-01 |
Simple Summary
This SCCP proposes to increase the cap on the wrappr contract to 175k ETH from 125k ETH.
Abstract
With the contract currently being near saturation with eth, this sccp proposes to increase the cap to 175k ETH.
Motivation
The cap increase is to allow for arbers to continue to take advantage of the wrappr contract in order to mint sETH with ETH and align the pegs during periods of excess demand without hitting the cap.
Copyright
Copyright and related rights waived via CC0.