Update sccp-2018.md

Synthetixio · Jun 30, 2023 · bd725d7 · bd725d7
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@@ -11,9 +11,9 @@ type: Governance
 # Simple Summary
 
 This SCCP proposes to update the following parameters:
-- Increase the PEPE max market value to 2.4 trillion
+- Double the PEPE max market value to 2.4 trillion from 1.2 trillion previously (i.e. to 4m$)
+- Double the BNB max market value from 20k to 40k (9.5m$)
 - Lower the skewScale on PEPE from 37 trillion to 30 trillion
-- Increase the BNB max market value from 20k to 40k
 
 # Abstract
 
@@ -24,8 +24,8 @@ Below is a description of the parameter being changed:
 # Motivation
 
 The motivation behind these changes are as follows:
-- PEPE and BNB having high utilization which exceeds 75% would benefit from the `maxMarketValue` increase. It is worth noting that the open interest exposure on synthetix's side is far below that available on other trading venues.
-- Lowering the skewScale parameter on PEPE allows for increasing the maxMarketValue, as arbitrages would be incentivized to neutralize skew, taking into account the slippage incurred on other trading venues.
+- PEPE and BNB having high utilization, which exceeds 75%, would benefit from the `maxMarketValue` increase. It is worth noting that the open interest exposure on synthetix's side is far below that available on other trading venues, so the changes denoted in this SCCP are still fairly conservative.
+- Lowering the skewScale parameter on PEPE, allowsfor large volume arbitrages to be incentivized to neutralize the resulting skew, taking into account the slippage incurred on other trading venues.
 
 # Copyright