gov updates

content/sccp/sccp-2121.md

@@ -14,19 +14,19 @@ type: Governance
 
 <!--"If you can't explain it simply, you don't understand it well enough." Provide a simplified and layman-accessible explanation of the SCCP.-->
 
-- Reduce `liquidationRatio` from 160% to 150%
+- Reduce `liquidationRatio` from 160% to 110%
 
 ## Abstract
 
 <!--A short (~200 word) description of the variable change proposed.-->
 
-This SCCP proposes adjustments to SNX staking liquidation parameters, reducing the ratio at which accounts are flagged for liquidation from 160% to 150%.
+This SCCP proposes adjustments to SNX staking liquidation parameters, reducing the ratio at which accounts are flagged for liquidation from 160% to 110%.
 
 ## Motivation
 
 <!--The motivation is critical for SCCPs that want to update variables within Synthetix. It should clearly explain why the existing variable is not incentive aligned. SCCP submissions without sufficient motivation may be rejected outright.-->
 
-The system is well collateralized as a whole, and reducing the liquidation ratio increases the ability to absorb price volatility. 
+The Legacy Market has been released, and the Treasury Council has been migrated to V3. The system is well collateralized as a whole, so the liquidation ratio can be reduced. 
 
 ## Copyright
 

content/sccp/sccp-2123.md

@@ -1,5 +1,5 @@
 ---
-sccp: 2113
+sccp: 2123
 network: Ethereum
 title: Update Dynamic Redeemer Discount Rate - Moderate Decay
 author: Cavalier (@cavalier)