From 91c916bd94335617d98f60102c60e59e31ff69cf Mon Sep 17 00:00:00 2001
From: kaleb <kalebkeny@gmail.com>
Date: Thu, 3 Oct 2024 17:32:34 +0200
Subject: [PATCH] Create sccp-355.md

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+---
+sccp: 355
+title: Update Leverage on Spot Synths
+network: Arbitrum
+status: Draft
+type: Governance
+created: 2024-10-03
+author: Kaleb
+---
+
+# Simple Summary
+
+This SCCP proposes to increase the leverage on Spot Synths to 10.
+
+
+# Abstract
+
+The `collateralLeverage` is the number that helps determine market capacity
+
+
+# Motivation
+
+The parameters were originally configured to be at 1, but given that synths are only used for wrapping underlying and for margining to perps markets. the leverage number can be relaxed at the capacity is handled by the `oiCreditCapacity` multiplier number on the `PerpsMarketProxy`. 
+
+
+# Copyright
+Copyright and related rights waived via [CC0](https://creativecommons.org/publicdomain/zero/1.0/).