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Sccp 2126 #2037

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Jul 15, 2024
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4 changes: 3 additions & 1 deletion content/sccp/sccp-2125.md
Original file line number Diff line number Diff line change
Expand Up @@ -3,7 +3,9 @@ sccp: 2125
network: Optimism
title: Lower maxMarketValue RNDR to zero
author: Kaleb (@kaleb-keny)
status: Draft
status: Implemented
proposal: >-
https://snapshot.org/#/snxgov.eth/proposal/0xbc99bb416d0e331eb1c391d8fbc932615c7aac9f761ce38f787058fd6f19d7fd
created: 2024-07-11
type: Governance
---
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29 changes: 29 additions & 0 deletions content/sccp/sccp-2126.md
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@@ -0,0 +1,29 @@
---
sccp: 2126
network: Ethereum & Optimism
title: Increase C-RAtio to 500%
author: Kaleb (@kaleb-keny)
status: Draft
created: 2024-07-15
type: Governance
---

# Simple Summary

This SCCP proposes to increase the min collateralization ratio back to 500% (or 20% in `issuanceRatio` terms).

# Abstract

The issuance ratio is the ratio that determines the maximum amount of sUSD that can be minted for a staked amount of snx collateral.


# Motivation

The min c-ratio was recently lowered via an emergency decision as per [SCCP-2122](https://sips.synthetix.io/sccp/sccp-2122/).
The author of this sccp continues to question the effectiveness of that SCCP in safeguarding the system, especially during times of snx price pressure, given the moral hazard it insinuates in the behavior of stakers with significant debt. This SCCP proposes to undo SCCP-2122 by setting the min cratio back to previous levels, given that the risks to the stability of the protocol are asymmetrically more pronounced if a price recovery materializes.

# Copyright

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


4 changes: 3 additions & 1 deletion content/sccp/sccp-341.md
Original file line number Diff line number Diff line change
Expand Up @@ -3,9 +3,11 @@ sccp: 341
network: Base
title: Lower maxMarketValue RNDR to zero
author: Kaleb (@kaleb-keny)
status: Draft
status: Implemented
created: 2024-07-11
type: Governance
proposal: >-
https://snapshot.org/#/snxgov.eth/proposal/0x244fcdd9c8434190758dc1391845faa6ab785863ecdc83ec6c8f422937b8e74c
---

# Simple Summary
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