From 47f3a030c2d019098f51f01ecc8c1800f44b2b11 Mon Sep 17 00:00:00 2001 From: kaleb <62237347+kaleb-keny@users.noreply.github.com> Date: Thu, 23 May 2024 23:33:19 +0200 Subject: [PATCH] Sccp 2112 2113 2114+header updates (#1978) * 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 --- content/sccp/sccp-2111.md | 4 +++- content/sccp/sccp-2112.md | 27 +++++++++++++++++++++++++++ content/sccp/sccp-2113.md | 27 +++++++++++++++++++++++++++ content/sccp/sccp-2114.md | 27 +++++++++++++++++++++++++++ content/sccp/sccp-332.md | 6 ++++-- content/sccp/sccp-333.md | 2 +- content/sips/sip-383.md | 2 +- 7 files changed, 90 insertions(+), 5 deletions(-) create mode 100644 content/sccp/sccp-2112.md create mode 100644 content/sccp/sccp-2113.md create mode 100644 content/sccp/sccp-2114.md diff --git a/content/sccp/sccp-2111.md b/content/sccp/sccp-2111.md index 7c0fc0771..c1097c893 100644 --- a/content/sccp/sccp-2111.md +++ b/content/sccp/sccp-2111.md @@ -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 diff --git a/content/sccp/sccp-2112.md b/content/sccp/sccp-2112.md new file mode 100644 index 000000000..7f0a3419e --- /dev/null +++ b/content/sccp/sccp-2112.md @@ -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/). + + diff --git a/content/sccp/sccp-2113.md b/content/sccp/sccp-2113.md new file mode 100644 index 000000000..e84ab0d30 --- /dev/null +++ b/content/sccp/sccp-2113.md @@ -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/). + + diff --git a/content/sccp/sccp-2114.md b/content/sccp/sccp-2114.md new file mode 100644 index 000000000..315e69877 --- /dev/null +++ b/content/sccp/sccp-2114.md @@ -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/). + + diff --git a/content/sccp/sccp-332.md b/content/sccp/sccp-332.md index 5f0878be4..63491efc6 100644 --- a/content/sccp/sccp-332.md +++ b/content/sccp/sccp-332.md @@ -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 diff --git a/content/sccp/sccp-333.md b/content/sccp/sccp-333.md index d8cdaebda..b00405c4f 100644 --- a/content/sccp/sccp-333.md +++ b/content/sccp/sccp-333.md @@ -1,5 +1,5 @@ --- -sccp: 332 +sccp: 333 network: Arbitrum title: Increase Arbitrum LP caps author: Cavalier diff --git a/content/sips/sip-383.md b/content/sips/sip-383.md index 397998d06..48bb13ffd 100644 --- a/content/sips/sip-383.md +++ b/content/sips/sip-383.md @@ -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: >-