SIP-199: Add SOL Synth on Optimism
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Optimism |
| Implementor | Mark E. Barrasso (@barrasso) |
| Release | Polaris |
| Proposal | Loading status... |
| Created | 2022-01-13 |
Simple Summary
Add SOL Synth on Optimism.
Overview
This SIP will add a Synth for the SOL token on Optimism and make it shortable.
Motivation
SOL is one of the most liquid markets in all of crypto and listing this synth on OE will benefit traders on Synthetix and within the ecosystem as a whole. By listing an Alt-L1 token like SOL, we can attract traders from new communities to use Synthetix and ecosystem projects on Optimism.
Rationale
Additional crypto Synths will add further utility to the Synthetix protocol. SOL was chosen for nomination with consensus from the Lyra Council and was deemed to have sufficient liquidity.
DYDX weekly volume: $142m CEX listings: Binance, FTX, Coinbase, Huobi Market Cap: $43b
Specification
This Synth will be implemented in the same way as other crypto Synths on Optimism (by performing a call to ExchangeRates.addAggregator).
It will also be made shortable via the CollateralShort contract by calling CollateralManager.addShortableSynths.
The address is 0xC663315f7aF904fbbB0F785c32046dFA03e85270
Copyright
Copyright and related rights waived via CC0.