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update-status + SCCP 2141 & 2142 (#2136)
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kaleb-keny authored Nov 6, 2024
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4 changes: 3 additions & 1 deletion content/sccp/sccp-2139.md
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network: Optimism
title: Create USDe Wrapper
author: Kaleb (@kaleb-keny)
status: Vote_Pending
status: Implemented
proposal: >-
https://snapshot.org/#/snxgov.eth/proposal/0x5e7cf75d134a601387307761637ae1518d597ba3da6f48ea787149ed6ee62d18
created: 2024-10-29
type: Governance
---
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36 changes: 36 additions & 0 deletions content/sccp/sccp-2141.md
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---
sccp: 2141
network: Optimism
title: Update Perps V2 Parameters
author: Kaleb
status: Vote_Pending
created: 2024-11-06
type: Governance
---

# Simple Summary

This SCCP aims at improving the user experience on Perps V2 with the following changes, matching the configurations on the v3 network:
- Raise the `skewScale` parameter on the SOL market to 2.8m, from 2.1m
- Lower the `maxFundingVelocity` on the SOL market to 9 from 36
- Lower the `maxFundingVelocity` on the ETH and BTC market to 4 from 9
- Raise the `maxMarketValue` on the SOL market to 550 thousand (100m USD)

# Abstract

The definitions of the parameter being proposed to change are as follows:
- `skewScale` is the scaling factor of the relevant market in the underlying currency for computing PD and Funding Rates
- `maxFundingVelocity` is the main parameter that allows to nudge funding rates
- `maxMarketValue` is the max market value of the relevant market in the underlying currency


# Motivation

The proposed changes are in light of the utilization on the SOL perp market, as well as aligning the funding rate and slippage experience on v3.


# Copyright

Copyright and related rights waived via [CC0](https://creativecommons.org/publicdomain/zero/1.0/).


31 changes: 31 additions & 0 deletions content/sccp/sccp-2142.md
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---
sccp: 2142
network: Ethereum & Optimism
title: Raise the USDe Wrapper Cap on Optimism
author: Kaleb
status: Vote_Pending
created: 2024-11-06
type: Governance
---

# 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](https://stargate.finance/) makes the usage of `USDe` ideal.


# Copyright

Copyright and related rights waived via [CC0](https://creativecommons.org/publicdomain/zero/1.0/).


2 changes: 1 addition & 1 deletion content/sccp/sccp-359.md
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sccp: 359
title: Update Perp Market Parameters - Max Funding Velocity
network: Arbitrum
status: Draft
status: Implemented
type: Governance
created: 2024-10-16
proposal: >-
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