{"componentChunkName":"component---src-pages-sccp-sccp-markdown-remark-frontmatter-sccp-tsx","path":"/sccp/sccp-272/","result":{"data":{"markdownRemark":{"fileAbsolutePath":"/vercel/path0/content/sccp/sccp-272.md","frontmatter":{"sip":null,"sccp":272,"title":"Update Wrapper Parameters","network":"Ethereum & Optimism","author":"Kaleb (@kaleb-keny)","type":"Governance","proposal":"https://snapshot.org/#/snxgov.eth/proposal/0xa37a397635b6af46b9f2cb1faa5444f4cdfa5a19e48d3e58507ab14629ce8354","implementor":null,"release":null,"created":"2023-01-14T00:00:00.000Z","updated":null,"status":"Implemented"},"html":"

Simple Summary

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Update the ETH and DAI wrapper parameters as follows:

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Abstract

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The mintFeeRate is the rate that paid for locking up a certain underlying to mint it's respective synth equivalent.

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Motivation

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The primary motivation is to lean against the recent increase in the debt skew which exceeded 40%, up from 20% a couple of weeks ago. Increasing the incentive to scale with ETH helps lower the skew to a certain extent as the sETH is swapped to other synths.

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Copyright

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Copyright and related rights waived via CC0.

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