From 53207eac08e80380f74ccc3faf48feba668b79e6 Mon Sep 17 00:00:00 2001 From: kaleb <62237347+kaleb-keny@users.noreply.github.com> Date: Thu, 31 Oct 2024 09:25:49 +0100 Subject: [PATCH] sccp 2140 (#2133) * create sccp 2139 * Update sccp-2139.md * Update sccp-2139.md * update to USDe * Create sccp-2140.md * Create sccp-361.md * fix-file-naming * Revert "Update sccp-2139.md" This reverts commit 50f0f8452a1ceeb0796f959723d16fae75be2905. * Update sccp-2139.md * Update sccp-2139.md * fix incorrect chain * Update sccp-356.md * Update sccp-356.md * Update sccp-356.md * Update sccp-2140.md --- content/sccp/sccp-2139.md | 4 +--- content/sccp/sccp-2140.md | 29 +++++++++++++++++++++++++ content/sccp/sccp-356.md | 2 -- content/sccp/sccp-359.md | 2 +- content/sips/{SIP-401.md => sip-401.md} | 0 5 files changed, 31 insertions(+), 6 deletions(-) create mode 100644 content/sccp/sccp-2140.md rename content/sips/{SIP-401.md => sip-401.md} (100%) diff --git a/content/sccp/sccp-2139.md b/content/sccp/sccp-2139.md index a323aff3b..d83778486 100644 --- a/content/sccp/sccp-2139.md +++ b/content/sccp/sccp-2139.md @@ -26,6 +26,4 @@ The proposed wrapper is in light of recent limitations on increasing the capacit # Copyright -Copyright and related rights waived via [CC0](https://creativecommons.org/publicdomain/zero/1.0/). - - +Copyright and related rights waived via [CC0](https://creativecommons.org/publicdomain/zero/1.0/). \ No newline at end of file diff --git a/content/sccp/sccp-2140.md b/content/sccp/sccp-2140.md new file mode 100644 index 000000000..68ea23dda --- /dev/null +++ b/content/sccp/sccp-2140.md @@ -0,0 +1,29 @@ +--- +sccp: 2140 +network: Ethereum & Optimism +title: Move the Wrapped USDe to Optimism +author: Kaleb +status: Vote_Pending +created: 2024-10-30 +type: Governance +--- + +# Simple Summary + +This SCCP proposes to move the USDe held on the [ethereum wrapper](https://etherscan.io/address/0x293F72F9B288a16480135e876993861bf87ea56B) to the USDe [wrapper on optimism](https://optimistic.etherscan.io/address/0xA1cABc35C2931F0d985Df58D19be8B6071DFc9F6). + +# Abstract + +Currently 5m USDe are held on the ethereum wrapper, while most of the trading activity is on optimism. This SCCP proposes to move the USDe to the USDe wrapper optimism, which is closer to traders. That along with USDe being instantly bridgeable via the [stargate bridge](https://stargate.finance/bridge), gives traders instant access to liquidity and alleviate pressure on the sUSD peg. +This is done by the protocol minting sUSD to release all the USDe on ethereum, followed by sending the USDe to optimism and wraping that USDe on the L2 wrapper. This is done along with raising the cap of the USDe wrapper on optimism to 15m sUSD and lower the wrapper cap on ethereum to 0. After this is performed the minted sUSD is burned on optimism, ensuring that debt remains unchanged on stakers. + +# Motivation + +The proposed changes are in light of improving the traders user experience on optimism, where they can get instant access to liquidity via the USDe wrapper on optimism, instead of waiting for the 7 day relay the sUSD from L2 to L1. + + +# Copyright + +Copyright and related rights waived via [CC0](https://creativecommons.org/publicdomain/zero/1.0/). + + diff --git a/content/sccp/sccp-356.md b/content/sccp/sccp-356.md index f95da5285..63f9e9dd8 100644 --- a/content/sccp/sccp-356.md +++ b/content/sccp/sccp-356.md @@ -7,8 +7,6 @@ type: Governance proposal: >- https://snapshot.org/#/snxgov.eth/proposal/0x2e5e46cbe9ee39851a34479f6ff7a88c92033e6f0096ec41819f60f78dc41a1d created: 2024-10-08 -proposal: >- - https://snapshot.org/#/snxgov.eth/proposal/0xc14f719687bfee53b436957bda6d631bc3f1847ce11e3f76945d49d36d46adbd author: Kaleb --- diff --git a/content/sccp/sccp-359.md b/content/sccp/sccp-359.md index a971958c1..0841d5455 100644 --- a/content/sccp/sccp-359.md +++ b/content/sccp/sccp-359.md @@ -1,7 +1,7 @@ --- sccp: 359 title: Update Perp Market Parameters - Max Funding Velocity -network: Base +network: Arbitrum status: Draft type: Governance created: 2024-10-16 diff --git a/content/sips/SIP-401.md b/content/sips/sip-401.md similarity index 100% rename from content/sips/SIP-401.md rename to content/sips/sip-401.md