SCCP-2142: Raise the USDe Wrapper Cap on Optimism
| Author | Kaleb |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Ethereum & Optimism |
| Implementor | TBD |
| Release | TBD |
| Proposal | Loading status... |
| Created | 2024-11-06 |
Simple Summary
This SCCP aims at improving the user experience by
- Raising the USDe wrapper cap on optimism to 30m from the previously proposed limit of 15m
- Lowering the caps on all the wrappers on ethereum to 0
Abstract
The maxTokenAmount is the maximum amount of underlying that can be wrapped to mint sUSD.
Motivation
The proposed changes are in light of increased usage of the USDe wrapper on optimism by traders, to acquire synths and get back the underlying. USDe being instantly bridgeable via stargate makes the usage of USDe ideal.
Copyright
Copyright and related rights waived via CC0.