From 4bd6644318b30b15ac679bc7a8ba6e6ee30ac707 Mon Sep 17 00:00:00 2001
From: kaleb <kalebkeny@gmail.com>
Date: Fri, 22 Nov 2024 11:21:44 +0100
Subject: [PATCH] Create sccp-2147.md

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+---
+sccp: 2147
+title: Raise the OI Cap on SOL
+network: Optimism
+status: Vote_Pending
+type: Governance
+created: 2024-11-22
+author: Kaleb
+proposal: >-
+  https://snapshot.org/#/snxgov.eth/proposal/0x2a190db6b1c38d2a5930f1efb4cec4af602e0eb8b697579edb6fe005543f60ad
+---
+
+# Simple Summary
+
+This SCCP proposes to raise the `maxMarketValue` on the SOL market to 67k (175m dollars) from 55k.
+
+# Abstract
+
+The `maxMarketValue` is the limit set on open interest (longs or shorts).
+
+# Motivation
+
+The change is in light of the recent utilization of the limit on the SOL market which is quickly approaching 90%. Note that the market is backed by the size of the SNX staked, close to 370m$, given the deprecation of spot markets and legacy products.
+
+
+# Copyright
+Copyright and related rights waived via [CC0](https://creativecommons.org/publicdomain/zero/1.0/).