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Create sccp-2039.md #1665

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Aug 19, 2023
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---
sccp: 2039
title: Update ETH Wrapper `maxTokenAmount`
network: Optimism
type: Governance
author: Kaleb (@kaleb-keny)
status: Vote_Pending
proposal: >-
https://snapshot.org/#/snxgov.eth/proposal/0x5683a356ca0c2c746e527815f91ad3b6c7a9549512384681dfc42ec85cb3f087
created: 2023-08-18
---

# Simple Summary

This SCCP proposes to lower the `maxTokenAmount` on the ETH wrapper to zero from 15k ETH.

## Abstract

The `maxTokenAmount` is the maximum amount of ETH that can be wrapped to issue sETH.

## Motivation

The proposed proposed changes are in order to facilitate migration into V3, as well as limit the possibility of having a negative debt pool skew on ETH, when users acquire sUSD with ETH.

## Copyright

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