From 58e748630f84393438a59891b28380bcd6a5b44a Mon Sep 17 00:00:00 2001 From: MattLosquadro <96675101+MattLosquadro@users.noreply.github.com> Date: Tue, 17 Sep 2024 11:52:59 -0400 Subject: [PATCH] Create sccp-352.md --- content/sccp/sccp-352.md | 23 +++++++++++++++++++++++ 1 file changed, 23 insertions(+) create mode 100644 content/sccp/sccp-352.md diff --git a/content/sccp/sccp-352.md b/content/sccp/sccp-352.md new file mode 100644 index 000000000..392417e2e --- /dev/null +++ b/content/sccp/sccp-352.md @@ -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/).