SCCP-148: Increase Cap on LUSD Wrappr to 30 million sUSD On L2
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Optimism |
| Implementor | TBD |
| Release | TBD |
| Proposal | Loading status... |
| Created | 2021-11-16 |
Simple Summary
This SCCP proposes to increase the LUSD wrappr cap to 30 million sUSD on L2.
Abstract
In order to begin the process of transitioning away from DAI Wrappr and provide synth liquidity to optimism, this sccp proposes to raise the cap on the LUSD wrappr to 30 million sUSD.
Motivation
Raising the cap on the LUSD wrappr will increase synth liquidity on optimism and allow us to transition away from relying on the DAI wrappr as the major on-ramping tool.
Copyright
Copyright and related rights waived via CC0.