Skip to content

Commit

Permalink
Create sccp-352.md
Browse files Browse the repository at this point in the history
  • Loading branch information
MattLosquadro authored Sep 17, 2024
1 parent c952806 commit 58e7486
Showing 1 changed file with 23 additions and 0 deletions.
23 changes: 23 additions & 0 deletions content/sccp/sccp-352.md
Original file line number Diff line number Diff line change
@@ -0,0 +1,23 @@
---
sccp: 352
title: Increase Issuance Ratios for LP Assets on Arbitrum
network: Arbitrum
status: Draft
type: Governance
created: 2024-09-17
author: Matt
---

# Simple Summary

This SCCP proposes to increase demand for the USDx Stablecoin on Arbitrum by increasing issuance ratios to 1000% for all LP assets.

# Motivation

The primary motivation for this SCCP is to increase demand for USDx on Arbitrum, ensuring that users can enter and exit Perps V3 on Arbitrum. Currently, there is a large outstanding supply (due to low issuance ratios and 0% interest) without corresponding demand, as Perps V3 hasn't launched yet.

Once demand increases, utilizing existing stable wrappers will provide further support for the USDx peg when demand outstrips supply.

Note: Increasing issuance ratios does not affect liquidation risk for existing borrowers. Liquidation ratios will remain exactly the same.
# Copyright
Copyright and related rights waived via [CC0](https://creativecommons.org/publicdomain/zero/1.0/).

0 comments on commit 58e7486

Please sign in to comment.