From 7fd29fe16eb0802a865ee284fa53ba83d344bc8a Mon Sep 17 00:00:00 2001
From: gunboatsss <92352063+gunboatsss@users.noreply.github.com>
Date: Tue, 23 Jul 2024 18:55:09 +0700
Subject: [PATCH] increase ETH cap on arbitrum

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+---
+sccp: 342
+title: Increase ETH LP deposit cap to 5400 ETH on Arbitrum
+type: Governance
+network: Arbitrum
+author: GUNBOATs (@gunboatsss)
+status: Draft
+created: 2024-07-23
+---
+
+<!--You can leave these HTML comments in your merged SCCP and delete the visible duplicate text guides, they will not appear and may be helpful to refer to if you edit it again. This is the suggested template for new SCCPs. Note that an SCCP number will be assigned by an editor. When opening a pull request to submit your SCCP, please use an abbreviated title in the filename, `sccp-draft_title_abbrev.md`. The title should be 44 characters or less.-->
+
+
+## Simple Summary
+
+<!--"If you can't explain it simply, you don't understand it well enough." Provide a simplified and layman-accessible explanation of the SCCP.-->
+
+Increase ETH LP deposit cap to 5400 ETH from 2700 ETH on Arbitrum.
+
+## Abstract
+
+<!--A short (~200 word) description of the variable change proposed.-->
+
+This proposal proposes following change in collateral cap for ETH on Arbitrum
+| Current Value | New Value |
+|---------------|-----------|
+|           2700|       5400|
+## 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 deposit cap has been reached and there are demands from user and integrators to deposit more ETH.
+
+## Copyright
+
+Copyright and related rights waived via [CC0](https://creativecommons.org/publicdomain/zero/1.0/).