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+---
+sccp: 2122
+network: Ethereum & Optimism
+title: Update target staking parameter
+author: Cavalier (@cavalier)
+status: Draft
+created: 2024-07-05
+type: Governance
+---
+
+<!--You can leave these HTML comments in your merged SCCP and delete the visible duplicate text guides, they will not appear and may be helpful to refer to if you edit it again. This is the suggested template for new SCCPs. Note that an SCCP number will be assigned by an editor. When opening a pull request to submit your SCCP, please use an abbreviated title in the filename, `sccp-draft_title_abbrev.md`. The title should be 44 characters or less.-->
+
+## Simple Summary
+
+<!--"If you can't explain it simply, you don't understand it well enough." Provide a simplified and layman-accessible explanation of the SCCP.-->
+
+Lower the target c-ratio to 300%
+
+## Abstract
+
+<!--A short (~200 word) description of the variable change proposed.-->
+
+This SCCP changes the target c-ratio from 500% down to 300%.
+
+## Motivation
+
+<!--The motivation is critical for SCCPs that want to update variables within Synthetix. It should clearly explain why the existing variable is not incentive aligned. SCCP submissions without sufficient motivation may be rejected outright.-->
+
+The target c-ratio was increased to 500% during the recent price increase by https://sips.synthetix.io/sccp/sccp-285. 
+
+The intent was to raise it back to 400% once the network had stabilised. Below $2 a c-ratio of >300% puts undue pressure on stakers. This SCCP reduces the target c-ratio back to 300% where it should remain until price volatility has decreased and the price of SNX is above $3 for at least several weeks. Stability of the c-ratio is critical for stakers to make informed decisions about their staking strategy, this SCCP should provide confidence to stakers that the ratio will remain at 300% until SNX recovers and price volatility declines.
+
+## Copyright
+
+Copyright and related rights waived via [CC0](https://creativecommons.org/publicdomain/zero/1.0/).