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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
---

# Simple Summary

This SCCP proposes to lower the `maxMarketValue` on RNDR to zero (i.e. close mode), given the upcoming token swap.

# Abstract

The `maxMarketValue` governs the US Dollar maximum open interest possible for that market.

# Motivation

The main motivation is the token swap and delisting of the legacy token by centralized exchanges.

# 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)

# Copyright

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


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