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Simple Summary

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This SCCP proposes to increase the min collateralization ratio back to 500% (or 20% in issuanceRatio terms).

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Abstract

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The issuance ratio is the ratio that determines the maximum amount of sUSD that can be minted for a staked amount of snx collateral.

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Motivation

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The min c-ratio was recently lowered via an emergency decision as per SCCP-2122. This SCCP proposes to undo SCCP-2122 by setting the min cratio back to previous levels, given that the risks to the stability of the protocol are asymmetrically more pronounced if a price recovery materializes.

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Copyright

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Copyright and related rights waived via CC0.

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