SCCP-311: Increase Base LP limit to 10m USDC
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Base |
| Implementor | TBD |
| Release | TBD |
| Proposal | Loading status... |
| Created | 2024-02-15 |
Simple Summary
Increase the maximum amount of liquidity that can be provided to Base Andromeda to 10m USDC.
Abstract
Increase maximum USDC LP cap from $1m to $10m by setting
system.CoreProxy.configureMaximumMarketCollateral(uint128 marketId,address collateralType,uint256 amount)= [1, 0x833589fCD6eDb6E08f4c7C32D4f71b54bdA02913, 10000000000000000000000000]spotFactory.SpotMarketProxy.setWrapper(uint128 marketId,address wrapCollateralType,uint256 maxWrappableAmount)= [1, 0x833589fCD6eDb6E08f4c7C32D4f71b54bdA02913, 10000000000000000000000000]
Motivation
Base Andromeda has been operating in since early December and is ready to be scaled up further. The current $1m USDC LP cap has been filled and stable. With increasing LP, the OI caps can be increased.
Copyright
Copyright and related rights waived via CC0.