Update sccp-2028.md

content/sccp/sccp-2028.md

@@ -1,24 +1,29 @@
 ---
 sccp: 2028
 network: Optimism
-title: Update Perp V2 Parameters
+title: Update DAI Wrapper Capacity
 author: Kaleb (@kaleb-keny)
-status: Implemented
-created: 2023-07-24
+status: Vote_Pending
+created: 2023-07-26
 type: Governance
 ---
 
 # Simple Summary
 
-This SCCP proposes to increase the `maxFundingVelocity` to 27 from 9 on the BCH, XRP and FTM markets.
+This SCCP proposes to decrease the `maxTokenAmount` on the DAI wrapper to zero from 20 million sUSD.
 
 # Abstract
 
-The `maxFundingVelocity` is the parameter that helps calibrate the speed by which funding rate changes for a given level of skew & skew scale.
+The `maxTokenAmount` is the maximum amount of synth that could be minted against a deposited a designated underlying.
 
 # Motivation
 
-The main motivation is to help promote arbitrages of the skew, by allowing funding to settle back into neutrality at a faster pace, when outsized positions are executed on the debt pool that flip the skew from short to long or vice-versa.
+DAI was initially introduced in [SCCP-264](https://sips.synthetix.io/sccp/sccp-264/) to cater to traders' synth liquidity needs and meet the increasing demand for sUSD, which was released with perps v2. However, as we near the launch of perps v3 and the v3 staking system, it's beneficial to gradually phase out DAI wrappers, making the transition to v3 smoother. Moreover, with sUSD liquidity readily available in curve pools, now is an ideal time to move away from DAI.
+
+Upon the release of v3, acquiring sUSD would become much more convenient, thanks to multiple paths built into V3 that allows traders to acquire sUSD, as well-thought-out risk controls that focus on skewness.
+
+It's worth mentioning that in case there's a sudden surge in sUSD demand before the v3 implementation matures, there are alternatives like LUSD, GHO, and CRVUSD. These tokens have ample on-chain liquidity and can be integrated with wrappers to help meet the sUSD demand while also diversifying the debt pool's exposure to counterparty risk.
+
 
 # Copyright