Skip to content

Commit

Permalink
Sccp 2112 2113 2114+header updates (#1978)
Browse files Browse the repository at this point in the history
* update headers

* Create sccp-2112.md

* Create sccp-2113.md

* Create sccp-2114.md

* Update sccp-2113.md

* Update sccp-2113.md

* fix typo

* Update sccp-2113.md

* Update sccp-2112.md

* Update sccp-2113.md

* Update sccp-2114.md
  • Loading branch information
kaleb-keny authored May 23, 2024
1 parent a023929 commit 47f3a03
Show file tree
Hide file tree
Showing 7 changed files with 90 additions and 5 deletions.
4 changes: 3 additions & 1 deletion content/sccp/sccp-2111.md
Original file line number Diff line number Diff line change
Expand Up @@ -2,9 +2,11 @@
sccp: 2111
title: Deprecate ETH Backed Loans
network: Optimism
status: Draft
status: Approved
type: Governance
author: Kaleb (@kaleb-keny)
proposal: >-
https://snapshot.org/#/snxgov.eth/proposal/0x7eebee6bbcb401f99f09f7b9fd6958efd7f0256c164509fb05566c8b3f85ff5c
---

## Simple Summary
Expand Down
27 changes: 27 additions & 0 deletions content/sccp/sccp-2112.md
Original file line number Diff line number Diff line change
@@ -0,0 +1,27 @@
---
sccp: 2112
network: Ethereum
title: Update Dynamic Redeemer Discount Rate
author: Kaleb (@kaleb-keny)
status: Vote_Pending
created: 2024-05-23
type: Governance
---

# Simple Summary

This SCCP proposes to decrease the dynamic redeemer discount rate to 50% from 60%.

# Abstract

`discountRate` as per [SIP-2059](https://sips.synthetix.io/sips/sip-2059/), is used to compute the value of the debt pool. It also determines the price at which a user can redeem his outstanding spot synths.

# Motivation

The primary motivation is to move forward the intention of [SIP-2059](https://sips.synthetix.io/sips/sip-2059/), increasing the incentives on users to migrate their synths over into sUSD.

# Copyright

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


27 changes: 27 additions & 0 deletions content/sccp/sccp-2113.md
Original file line number Diff line number Diff line change
@@ -0,0 +1,27 @@
---
sccp: 2113
network: Ethereum
title: Update Dynamic Redeemer Discount Rate - Slow Decay
author: Kaleb (@kaleb-keny)
status: Vote_Pending
created: 2024-05-23
type: Governance
---

# Simple Summary

This SCCP proposes to decrease the discount rate from 50% to 0% in 2% increments per month, with the first decreased done in June-2024.

# Abstract

`discountRate` as per [SIP-2059](https://sips.synthetix.io/sips/sip-2059/), is used to compute the value of the debt pool. It also determines the price at which a user can redeem his outstanding spot synths.

# Motivation

The intentions of SIP-2059 is to lean on the debt pool skew by providing users with an incentive to move their synths into sUSD. However, as was done in [SCCP-2110](https://sips.synthetix.io/sccp/sccp-2110/), users can request redemption at parity from synthetix governance. The latter is implemented by bumping the DR, enacting the redemption at parity and decreasing the DR to the level that offsets an impact on the size of the debt pool. Therefore, the 50% DR and slow decay would permit users over the coming two years to come forward with similar requests to synthetix governance.

# Copyright

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


27 changes: 27 additions & 0 deletions content/sccp/sccp-2114.md
Original file line number Diff line number Diff line change
@@ -0,0 +1,27 @@
---
sccp: 2114
network: Ethereum & Optimism
title: Update Issuance Ratio
author: Kaleb (@kaleb-keny)
status: Vote_Pending
created: 2024-05-24
type: Governance
---

# Simple Summary

This SCCP proposes to increase the `issuanceRatio` ratio from 2.5% currently (i.e. 4000% cratio) to 10% (i.e. 1,000% cratio).

# 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 temporary increase in collateralization ratio was previously implemented in order to rollout [SIP-2059](https://sips.synthetix.io/sips/sip-2059), with the debt windfall benefiting stakers that took on the historical legacy debt from the long ETH skew. With sip-2059 being mostly rolled out, and changes being to the discount rate planned to be implemented in slow incremental steps, the issuanceRatio can be restored back to previous levels. This SCCP proposes to start off that process with, with gradual changes to the `issuanceRatio` being proposed to limit the impact on the protocol.

# Copyright

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


6 changes: 4 additions & 2 deletions content/sccp/sccp-332.md
Original file line number Diff line number Diff line change
Expand Up @@ -3,13 +3,15 @@ sccp: 332
network: Base
title: Update Perps V3 Parameters
author: Kaleb (@kaleb-keny)
status: Draft
status: Implemented
proposal: >-
https://snapshot.org/#/snxgov.eth/proposal/0x607560c8d0800ed2d55c281afc7b122aa27ed810a163c1e95461f70d9f2be83b
type: Governance
---

# Simple Summary

This SCCP proposes to update the perps v2 parameters as per the below:
This SCCP proposes to update the perps v3 parameters as per the below:

## Max Market Value and Max Market Size

Expand Down
2 changes: 1 addition & 1 deletion content/sccp/sccp-333.md
Original file line number Diff line number Diff line change
@@ -1,5 +1,5 @@
---
sccp: 332
sccp: 333
network: Arbitrum
title: Increase Arbitrum LP caps
author: Cavalier
Expand Down
2 changes: 1 addition & 1 deletion content/sips/sip-383.md
Original file line number Diff line number Diff line change
Expand Up @@ -2,7 +2,7 @@
sip: 383
title: Multi-Collateral Margin Support - Perps V3
network: Base
status: Vote_Pending
status: Approved
type: Governance
author: 'Sunny Vempati (@sunnyvempati), kaleb (@kaleb-keny), Leo (@leomassazza)'
proposal: >-
Expand Down

0 comments on commit 47f3a03

Please sign in to comment.