Skip to content

Commit

Permalink
Update headers sccps sips (#2000)
Browse files Browse the repository at this point in the history
* update headers

* update folder

* Create sccp-2117.md

* Create sccp-2118.md

* Update sccp-2118.md
  • Loading branch information
kaleb-keny authored Jun 10, 2024
1 parent 58bccda commit 59a2c32
Show file tree
Hide file tree
Showing 8 changed files with 67 additions and 6 deletions.
27 changes: 27 additions & 0 deletions content/sccp/sccp-2117.md
Original file line number Diff line number Diff line change
@@ -0,0 +1,27 @@
---
sccp: 2117
network: Ethereum & Optimism
title: Update Issuance Ratio
author: Kaleb (@kaleb-keny)
status: Vote_Pending
created: 2024-06-10
type: Governance
---

# Simple Summary

This SCCP proposes to update the `issuanceRatio` ratio from 11.11% currently (i.e. 900% cratio) to 12.5% (i.e. 800% cratio).

# Abstract

The issuance ratio is the ratio that determines the maximum amount of sUSD that can be minted for a staked amount of snx collateral.

# Motivation

The temporary increase in collateralization ratio was previously implemented in order to rollout [SIP-2059](https://sips.synthetix.io/sips/sip-2059), with the debt windfall benefiting stakers that took on the historical legacy debt from the long ETH skew. With sip-2059 being mostly rolled out, and changes being to the discount rate planned to be implemented in slow incremental steps, the issuanceRatio can be restored back to previous levels. This SCCP proposes to start off that process with, with gradual changes to the `issuanceRatio` being proposed to limit the impact on the protocol.

# Copyright

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


24 changes: 24 additions & 0 deletions content/sccp/sccp-2118.md
Original file line number Diff line number Diff line change
@@ -0,0 +1,24 @@
---
sccp: 2118
title: Redeem `0x1B51cCe51` At Parity
network: Ethereum
status: Vote_Pending
type: Governance
author: Kaleb (@kaleb-keny)
---

## Simple Summary

The SCCP proposes to redeem `0x1B51cCe51E2531C478daA9b68eb80D47247dCbec` at parity. This is done by increasing the `discountRate` to 1, executing the redemption on the sBTC held by the user and setting `discount` rate to 48% (as per the schedule voted on in [SCCP-2113](https://sips.synthetix.io/sccp/sccp-2113/)).

# Abstract

The `discountRate`, described in [SIP-2059](https://sips.synthetix.io/sips/sip-2059/), determines the rate which users can redeem their synths for sUSD.

## Motivation

The `discountRate` is currently set to 50%, in order to encourage volatile synth holders to redeem their synths to sUSD and help rebalance the long skew. However, users who hold volatile synths, can request from governance to be redeemed at parity.

## Copyright

Copyright and related rights waived via [CC0](https://creativecommons.org/publicdomain/zero/1.0/).
4 changes: 3 additions & 1 deletion content/sccps/sccp-336.md → content/sccp/sccp-336.md
Original file line number Diff line number Diff line change
Expand Up @@ -3,8 +3,10 @@ sccp: 336
network: Arbitrum
title: Update Arbitrum LP caps
author: Cavalier, Millie
status: Draft
status: Approved
type: Governance
proposal: >-
https://snapshot.org/#/snxgov.eth/proposal/0x2807ee25aa897dbca13e72d44e287bddcf54b5b096a8fbb9c655658842d1e077
---

# Simple Summary
Expand Down
2 changes: 1 addition & 1 deletion content/sips/sip-386.md
Original file line number Diff line number Diff line change
Expand Up @@ -3,7 +3,7 @@ sip: 386
network: Base
title: Bring perps v3 markets to parity with perps v2
author: Millie
status: Draft
status: Approved
created: 2024-05-28
type: Governance
proposal: >-
Expand Down
4 changes: 3 additions & 1 deletion content/sips/sip-387.md
Original file line number Diff line number Diff line change
Expand Up @@ -2,9 +2,11 @@
sip: 387
title: Create a new perps markets listing framework for automated listing across all networks
network: Ethereum, Optimism, Base & Arbitrum
status: Draft
status: Vote_Pending
type: Governance
author: Danny Sacks (@dansnacks)
proposal: >-
https://snapshot.org/#/snxgov.eth/proposal/0x79dcf3e1ab98963fa84857ce40b0f8f2abd0bec1df9c0d5ee4e175429df13651
created: 2024-05-28
---

Expand Down
4 changes: 3 additions & 1 deletion content/sips/sip-388.md
Original file line number Diff line number Diff line change
Expand Up @@ -2,8 +2,10 @@
sip: 388
title: Adding Support for EtherFi weETH to Arbitrum V3 LP
network: Arbitrum
status: Draft
status: Approved
type: Governance
proposal: >-
https://snapshot.org/#/snxgov.eth/proposal/0x008da31c143e81b8b1484a4cdc32faf3657d291bea742e5c67cbcdd72977ed0b
author: Danny Sacks (@dansnacks)
created: 2024-05-30
---
Expand Down
4 changes: 3 additions & 1 deletion content/sips/sip-389.md
Original file line number Diff line number Diff line change
Expand Up @@ -2,9 +2,11 @@
sip: 389
title: Adding Support for Yield Tokens from Aave and Lido to Arbitrum V3 LP
network: Arbitrum
status: Draft
status: Approved
type: Governance
author: Danny Sacks (@dansnacks)
proposal: >-
https://snapshot.org/#/snxgov.eth/proposal/0x7659b028222d9cab0c78809b1c1eea5a1c7f60a3ccf10ce8834017fd2e9027f6
created: 2024-06-03
---

Expand Down
4 changes: 3 additions & 1 deletion content/sips/sip-390.md
Original file line number Diff line number Diff line change
Expand Up @@ -2,9 +2,11 @@
sip: 390
title: Minimum Credit Patch - Perps V3
network: Base
status: Draft
status: Approved
type: Governance
author: 'Sunny Vempati (@sunnyvempati), kaleb (@kaleb-keny)'
proposal: >-
https://snapshot.org/#/snxgov.eth/proposal/0x4fe62bf6c4cec0350a6cc84b171e153a9f57b226eaa7b085ba4bb9b82073dcbd
created: 2024-06-05
---

Expand Down

0 comments on commit 59a2c32

Please sign in to comment.