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sccp: 352 | ||
title: Increase Issuance Ratios for LP Assets on Arbitrum | ||
network: Arbitrum | ||
status: Draft | ||
type: Governance | ||
created: 2024-09-17 | ||
author: Matt | ||
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# Simple Summary | ||
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This SCCP proposes to increase demand for the USDx Stablecoin on Arbitrum by increasing issuance ratios to 1000% for all LP assets. | ||
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# Motivation | ||
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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. | ||
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Once demand increases, utilizing existing stable wrappers will provide further support for the USDx peg when demand outstrips supply. | ||
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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/). |