SCCP-59: Reduce the target Collateralisation Ratio for SNX stakers to 500%
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Ethereum |
| Implementor | TBD |
| Release | TBD |
| Created | 2020-11-11 |
Simple Summary
Decrease the target Collateralisation Ratio for SNX stakers to 500%
Abstract
The system is much more stable with the first successful set of liquidations executing without a hitch. Its a good time to further lower C-Ratios to increase the opportunity to mint more debt and increase returns for synth holders and traders
Motivation
- Liquidation process in place and working
- Network and Active C-Ratio are a very health 783% and 635% respectfully, even with recent drop in SNX price
- Increased liquidity will support increased use of the exchange(s) and transaction fees
- Capital Efficiency
- Increased demand for Synths will drive more integrations with other DeFi platforms
Copyright
Copyright and related rights waived via CC0.