SCCP-345: Reconfigure Arbitrum Collateral Issuance Parameters
| Author | Matt |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Arbitrum |
| Implementor | TBD |
| Release | TBD |
| Proposal | Loading status... |
| Created | 2024-07-31 |
Simple Summary
This SCCP proposes to reconfigure collateral asset parameters on Arbitrum to limit USDx supply until there is sufficient demand for USDx once Perps trading is live.
Abstract
The following issuance ratios are proposed:
- wstETH: 350%
- stataUSDT: 200%
- stataUSDC: 200%
- USDe: 200%
- SUSDe: 200%
- wEETH: 350%
- USDC: 200%
- ETH: 300%
- ARB: 350%
Motivation
These changes will limit USDx supply until sufficient trading activity exists to maintain the peg. Additionally, Ramses/Curve is being engaged alongside incentives to support deep USDx liquidity & the use of wrappers.
Copyright
Copyright and related rights waived via CC0.