SCCP-331: Increase Base USDC LP limit to 100m
| Author | Cavalier |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Base |
| Implementor | TBD |
| Release | TBD |
| Proposal | Loading status... |
| Created | 2024-05-17 |
Simple Summary
Raise the USDC liquidity cap on Andromeda to 100 million.
Abstract
Increase the limit of USDC LP cap to 100m by setting
system.CoreProxy.configureMaximumMarketCollateral(uint128 marketId,address collateralType,uint256 amount)= [1, 0x833589fCD6eDb6E08f4c7C32D4f71b54bdA02913, 100000000000000000000000000]spotFactory.SpotMarketProxy.setWrapper(uint128 marketId,address wrapCollateralType,uint256 maxWrappableAmount)= [1, 0x833589fCD6eDb6E08f4c7C32D4f71b54bdA02913, 100000000000000000000000000]
Motivation
The current $21.92m USDC LP cap has been progessively filled to 96%, and given the systems performance caps can be materially increased. Increased LP deposits increases potential Open Interest caps.
Copyright
Copyright and related rights waived via CC0.