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Milli3E authored May 28, 2024
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---
sccp: 336
network: Arbitrum
title: Update Arbitrum LP caps
author: Cavalier, Millie
status: Draft
type: Governance
---

# Simple Summary

This SCCP proposes to reconfigure the LP caps for Arbitrum as the system prepares to scale up; $10m for ARB, ETH and USDC as collateral and Wrapper, and remove DAI as collateral and Wrapper.

# Abstract

The parameters configurations description is as follows:

LP capacity in native units
- USDC 10m
- ETH 2700
- ARB 10m
- aUSDC (aaveUSDC) 10m
- Remove DAI by setting cap to 0

Wrappers
- USDC Wrapper capacity 10m
- Disable DAI wrapper by setting to 0

# Motivation

The Arbitrum deployment is ready to be configured for all collateral types as defined by [SIP-367](https://sips.synthetix.io/sips/sip-367), with the removal of DAI due to duplication with USDC market segment and replaced with yield-bearing aave wrapped USDC.

# Copyright

Copyright and related rights waived via [CC0](https://creativecommons.org/publicdomain/zero/1.0/).

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