SCCP-26: Lower c-ratio to 750%
| Author | |
|---|---|
| Discussions-To | TBC |
| Status | Implemented |
| Created | 2020-04-14 |
Simple Summary
Decrease the target Collateralisation Ratio for SNX stakers to 750%.
Abstract
There is currently a deficit of Synths (relative to demand) in the Synthetix ecosystem. Decreasing the target Collateralisation Ratio will cause some SNX stakers to increase amount of synths minted
Motivation
The Synth pegs (both sETH on Uniswap and sUSD on Curve) are off-peg. This means demand for Synths is high. There are currently other levers in the works that should contribute to tightening these pegs, but one such lever is the Collateralisation Ratio
Copyright
Copyright and related rights waived via CC0.