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Synthetix SCCP/SIPSynthetix SCCP/SIPby0xDF09B6BB09FdEe5f8d4c17C6642F0A54D6A7654Aafif.eth

SCCP-246: Update staking liquidation parameters

Voting ended over 3 years agoSucceeded

Increase liquidationPenalty to 45% from 30% and selfLiquidationPenalty to 40% from 20%. Also reduce liquidationDelay from 12 hours to 2 hours.

https://sips.synthetix.io/sccp/sccp-246/

Off-Chain Vote

sYES
2 SNX-SCT66.7%
iNO
1 SNX-SCT33.3%
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Timeline

Nov 11, 2022Proposal created
Nov 11, 2022Proposal vote started
Nov 14, 2022Proposal vote ended
Oct 26, 2023Proposal updated