{"componentChunkName":"component---src-pages-sccp-sccp-markdown-remark-frontmatter-sccp-tsx","path":"/sccp/sccp-338/","result":{"data":{"markdownRemark":{"fileAbsolutePath":"/vercel/path0/content/sccp/sccp-338.md","frontmatter":{"sip":null,"sccp":338,"title":"Set Arbitrum Yield-Generating Asset LP & Issuance Variables","network":"Arbitrum","author":"Matt, DSacks","type":"Governance","proposal":"https://snapshot.org/#/snxgov.eth/proposal/0xca28d38eacc2a58b01fcefc7e2332612ee638d39ea56b750a1ea6c69a6498414","implementor":null,"release":null,"created":null,"updated":null,"status":"Rejected"},"html":"<h1 id=\"simple-summary\" style=\"position:relative;\"><a href=\"#simple-summary\" aria-label=\"simple summary permalink\" class=\"anchor before\"><svg aria-hidden=\"true\" focusable=\"false\" height=\"16\" version=\"1.1\" viewBox=\"0 0 16 16\" width=\"16\"><path fill-rule=\"evenodd\" d=\"M4 9h1v1H4c-1.5 0-3-1.69-3-3.5S2.55 3 4 3h4c1.45 0 3 1.69 3 3.5 0 1.41-.91 2.72-2 3.25V8.59c.58-.45 1-1.27 1-2.09C10 5.22 8.98 4 8 4H4c-.98 0-2 1.22-2 2.5S3 9 4 9zm9-3h-1v1h1c1 0 2 1.22 2 2.5S13.98 12 13 12H9c-.98 0-2-1.22-2-2.5 0-.83.42-1.64 1-2.09V6.25c-1.09.53-2 1.84-2 3.25C6 11.31 7.55 13 9 13h4c1.45 0 3-1.69 3-3.5S14.5 6 13 6z\"></path></svg></a>Simple Summary</h1>\n<p>This SCCP proposes to configure the LP &#x26; issuance caps for Arbitrum as the system prepares to support yield-generating collateral from AAVE stata USDT &#x26; USDC, Lido-wrapped staked ETH, and Etherfi's LRT.</p>\n<h1 id=\"abstract\" style=\"position:relative;\"><a href=\"#abstract\" aria-label=\"abstract permalink\" class=\"anchor before\"><svg aria-hidden=\"true\" focusable=\"false\" height=\"16\" version=\"1.1\" viewBox=\"0 0 16 16\" width=\"16\"><path fill-rule=\"evenodd\" d=\"M4 9h1v1H4c-1.5 0-3-1.69-3-3.5S2.55 3 4 3h4c1.45 0 3 1.69 3 3.5 0 1.41-.91 2.72-2 3.25V8.59c.58-.45 1-1.27 1-2.09C10 5.22 8.98 4 8 4H4c-.98 0-2 1.22-2 2.5S3 9 4 9zm9-3h-1v1h1c1 0 2 1.22 2 2.5S13.98 12 13 12H9c-.98 0-2-1.22-2-2.5 0-.83.42-1.64 1-2.09V6.25c-1.09.53-2 1.84-2 3.25C6 11.31 7.55 13 9 13h4c1.45 0 3-1.69 3-3.5S14.5 6 13 6z\"></path></svg></a>Abstract</h1>\n<p>The parameters configurations description is as follows. EST USD values updated as of July 29th, 2024:</p>\n<table>\n<thead>\n<tr>\n<th align=\"center\">Asset</th>\n<th align=\"center\">Token</th>\n<th align=\"center\">Maximum LP Amount (Native Units)</th>\n<th align=\"center\">Maximum LP Amount (USD)</th>\n<th align=\"center\">TVL on Platform</th>\n<th align=\"center\">Issuance Ratio</th>\n<th align=\"center\">Liquidation Ratio</th>\n</tr>\n</thead>\n<tbody>\n<tr>\n<td align=\"center\">LIDO ARB Wrapped Staked ETH</td>\n<td align=\"center\">wsteth</td>\n<td align=\"center\">2564</td>\n<td align=\"center\">~$10,000,000</td>\n<td align=\"center\">$174m on AAVE + 21m DEX Liquidity + Majority of liquidity on Mainnet</td>\n<td align=\"center\">200%</td>\n<td align=\"center\">135%</td>\n</tr>\n<tr>\n<td align=\"center\">Aave Arbitrum USDT</td>\n<td align=\"center\">aUSDT</td>\n<td align=\"center\">10,000,000</td>\n<td align=\"center\">$10,000,000</td>\n<td align=\"center\">$85,000,000 on AAVE</td>\n<td align=\"center\">130%</td>\n<td align=\"center\">110%</td>\n</tr>\n<tr>\n<td align=\"center\">EtherFi Arbitrum wEETH</td>\n<td align=\"center\">wEETH</td>\n<td align=\"center\">289</td>\n<td align=\"center\">~$1,000,000</td>\n<td align=\"center\">$276m on AAVE + 13m DEX Liquidity + Majority of liquidity on Mainnet</td>\n<td align=\"center\">250%</td>\n<td align=\"center\">150%</td>\n</tr>\n<tr>\n<td align=\"center\">AAVE Arbitrum USDC</td>\n<td align=\"center\">stataUSDC</td>\n<td align=\"center\">10,000,000</td>\n<td align=\"center\">10,000,000</td>\n<td align=\"center\">$264m on AAVE</td>\n<td align=\"center\">130%</td>\n<td align=\"center\">110%</td>\n</tr>\n</tbody>\n</table>\n<h1 id=\"motivation\" style=\"position:relative;\"><a href=\"#motivation\" aria-label=\"motivation permalink\" class=\"anchor before\"><svg aria-hidden=\"true\" focusable=\"false\" height=\"16\" version=\"1.1\" viewBox=\"0 0 16 16\" width=\"16\"><path fill-rule=\"evenodd\" d=\"M4 9h1v1H4c-1.5 0-3-1.69-3-3.5S2.55 3 4 3h4c1.45 0 3 1.69 3 3.5 0 1.41-.91 2.72-2 3.25V8.59c.58-.45 1-1.27 1-2.09C10 5.22 8.98 4 8 4H4c-.98 0-2 1.22-2 2.5S3 9 4 9zm9-3h-1v1h1c1 0 2 1.22 2 2.5S13.98 12 13 12H9c-.98 0-2-1.22-2-2.5 0-.83.42-1.64 1-2.09V6.25c-1.09.53-2 1.84-2 3.25C6 11.31 7.55 13 9 13h4c1.45 0 3-1.69 3-3.5S14.5 6 13 6z\"></path></svg></a>Motivation</h1>\n<p>The Arbitrum deployment is ready to be configured for yield generating collateral types as defined by <a href=\"https://sips.synthetix.io/sips/sip-388/\">SIP-388</a> &#x26; <a href=\"https://sips.sinthetix.io/sips/sip-389/\">SIP-389</a>.</p>\n<h1 id=\"copyright\" style=\"position:relative;\"><a href=\"#copyright\" aria-label=\"copyright permalink\" class=\"anchor before\"><svg aria-hidden=\"true\" focusable=\"false\" height=\"16\" version=\"1.1\" viewBox=\"0 0 16 16\" width=\"16\"><path fill-rule=\"evenodd\" d=\"M4 9h1v1H4c-1.5 0-3-1.69-3-3.5S2.55 3 4 3h4c1.45 0 3 1.69 3 3.5 0 1.41-.91 2.72-2 3.25V8.59c.58-.45 1-1.27 1-2.09C10 5.22 8.98 4 8 4H4c-.98 0-2 1.22-2 2.5S3 9 4 9zm9-3h-1v1h1c1 0 2 1.22 2 2.5S13.98 12 13 12H9c-.98 0-2-1.22-2-2.5 0-.83.42-1.64 1-2.09V6.25c-1.09.53-2 1.84-2 3.25C6 11.31 7.55 13 9 13h4c1.45 0 3-1.69 3-3.5S14.5 6 13 6z\"></path></svg></a>Copyright</h1>\n<p>Copyright and related rights waived via <a href=\"https://creativecommons.org/publicdomain/zero/1.0/\">CC0</a>.</p>"}},"pageContext":{"id":"b6d33e6f-aa39-5f11-a558-fe11926395f4","frontmatter__sccp":338,"__params":{"frontmatter__sccp":"338"}}},"staticQueryHashes":[]}