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Update sccp 2126 #2038

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Jul 15, 2024
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Update sccp 2126 #2038

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5 changes: 2 additions & 3 deletions content/sccp/sccp-2126.md
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@@ -1,7 +1,7 @@
---
sccp: 2126
network: Ethereum & Optimism
title: Increase C-RAtio to 500%
title: Increase the minimum collateralization ratio to 500%
author: Kaleb (@kaleb-keny)
status: Draft
created: 2024-07-15
Expand All @@ -19,8 +19,7 @@ The issuance ratio is the ratio that determines the maximum amount of sUSD that

# 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.
The min c-ratio was recently lowered via an emergency decision as per [SCCP-2122](https://sips.synthetix.io/sccp/sccp-2122/). 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

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