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Synthetix SCCP/SIPSynthetix SCCP/SIPby0x9E988BF30fa85c5ee2CEac5c13C95357CD35d0F3GovVote

SCCP-253: Update ETH Wrapper Parameters

Voting ended over 3 years agoFailed

SCCP-253 proposes to

  • Lower the maxTokenAmount on the ETH Wrapper to 0 on both Ethereum and Optimism, from 5000 and 3700 ETH respectively.
  • Lower the burnFeeRate on the ETH wrappr to 0 on Optimism, from 5 bp.
  • Lower the burnFeeRate on the ETH wrappr to 0 on Ethereum, from 5%, decreasing it gradually by 25 bp every week until the latter reaches zero. Note that the burnFeeRate will cease to be decreased every week should the amount wrapped reach zero.

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Timeline

Nov 28, 2022Proposal created
Nov 28, 2022Proposal vote started
Dec 01, 2022Proposal vote ended
Dec 20, 2024Proposal updated