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sccp: 341 | ||
network: Base | ||
title: Lower maxMarketValue RNDR to zero | ||
author: Kaleb (@kaleb-keny) | ||
status: Draft | ||
created: 2024-07-11 | ||
type: Governance | ||
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# Simple Summary | ||
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This SCCP proposes to lower the `maxMarketValue` on RNDR to zero (i.e. close mode), given the upcoming token swap. | ||
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# Abstract | ||
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The `maxMarketValue` governs the US Dollar maximum open interest possible for that market. | ||
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# Motivation | ||
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The main motivation is the token swap and delisting of the legacy token by centralized exchanges. | ||
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# References | ||
- [Binance](https://www.binance.com/en/support/announcement/binance-will-support-the-render-rndr-token-swap-and-rebranding-to-render-render-d1f2ae8d99b24439a7a900caa9bb6b3b?hl=en) | ||
- [RNDR](https://know.rendernetwork.com/general-render-network/rndr-to-render-what-you-need-to-know/render-network-upgrade-portal-faq) | ||
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# Copyright | ||
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Copyright and related rights waived via [CC0](https://creativecommons.org/publicdomain/zero/1.0/). | ||
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