SCCP-2121: Update staking liquidation parameters
| Author | |
|---|---|
| Status | Draft |
| Type | Governance |
| Network | Ethereum & Optimism |
| Implementor | TBD |
| Release | TBD |
| Created | 2024-07-05 |
Simple Summary
- Reduce
liquidationRatiofrom 160% to 110%
Abstract
This SCCP proposes adjustments to SNX staking liquidation parameters, reducing the ratio at which accounts are flagged for liquidation from 160% to 110%.
Motivation
The Legacy Market has been released, and the Treasury Council has been migrated to V3. The system is well collateralized as a whole, so the liquidation ratio can be reduced.
Copyright
Copyright and related rights waived via CC0.