Create sccp-409.md

content/sccp/sccp-409.md

@@ -0,0 +1,28 @@
+---
+sccp: 409
+title: Increase Jubilee ratio to 20% 
+network: Ethereum
+status: Vote_Pending
+type: Governance
+proposal: >-
+  https://snapshot.org/#/snxgov.eth/proposal/0x2d5bccd8ef813230c313fa0d7a90179cdfa713ee63d20de6b73503f12c285458
+created: 2025-05-28
+author: Fenway
+---
+
+# Simple Summary
+
+This SCCP proposes to increase the jubilee ratio (sUSD deposited in the 420 pool : Original debt in the 420 Pool) to 20%.
+
+# Abstract
+
+The parameters from (SIP-421)[https://sips.synthetix.io/sips/sip-421/] being updated are described below;
+- Jubilee minimum ratio (`auxTokenInfo`) is being increased from 10% to 20%
+
+# Motivation
+
+Whilst the initial 10% was effective to get it to $0.96, this is not enough, the peg needs to return to above $0.99. The initial 10% configuration proved highly effective in supporting the sUSD peg, with 75% of stakers holding over 10,000 sUSD in debt meeting the requirement. Consequently, sUSD has stabilized at approximately $0.96 for about one week. While the 10% configuration successfully raised the peg to $0.96, further measures are necessary to restore it to $1.00.
+
+
+# Copyright
+Copyright and related rights waived via [CC0](https://creativecommons.org/publicdomain/zero/1.0/).