SCCP-137: Reduce L2 Target C-Ratio To 750%
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Optimism |
| Implementor | TBD |
| Release | TBD |
| Created | 2021-08-31 |
Simple Summary
Lower target c-ratio on L2 from 900% to 750%
Abstract
As laid out in SCCP 96, we intend to steadily reduce c-ratio as needed to minimize pain to stakers.
Motivation
We observe that the peg on uniswap is ~1.07 synth-non synth. There is significant new demand from the launch of Lyra that we would like to meet.
750% is chosen because there are still several significant risks in this early stage of the trading rollout. It is also part of our three prong plan for more liquidity on L2.
Copyright
Copyright and related rights waived via CC0.