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sccp: 336 | ||
network: Arbitrum | ||
title: Update Arbitrum LP caps | ||
author: Cavalier, Millie | ||
status: Draft | ||
type: Governance | ||
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# Simple Summary | ||
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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. | ||
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# Abstract | ||
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The parameters configurations description is as follows: | ||
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LP capacity in native units | ||
- USDC 10m | ||
- ETH 2700 | ||
- ARB 10m | ||
- aUSDC (aaveUSDC) 10m | ||
- Remove DAI by setting cap to 0 | ||
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Wrappers | ||
- USDC Wrapper capacity 10m | ||
- Disable DAI wrapper by setting to 0 | ||
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# Motivation | ||
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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. | ||
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# Copyright | ||
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Copyright and related rights waived via [CC0](https://creativecommons.org/publicdomain/zero/1.0/). |