SIP-205: Add AVAX, MATIC and EUR To Optimism
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Optimism |
| Implementor | Mark E. Barrasso (@barrasso) |
| Release | Algieba |
| Proposal | Loading status... |
| Created | 2022-01-31 |
Simple Summary
Add AVAX, MATIC and EUR Synths on Optimism for trading and shorting.
Overview
This SIP will add individual Synths for AVAX, MATIC, and EUR tokens on Optimism.
This SIP will also make AVAX, MATIC, and EUR shortable on Optimism.
Motivation
Listing these additional synths on OE will benefit traders on Synthetix and within the ecosystem as a whole. By listing synths that we’ve never had before, we have the opportunity to attract new traders and to increase the trading volume of the overall Synthetix ecosystem.
Rationale
Synths tracking AVAX, MATIC, and EUR were chosen after consultation with Synthetix ecosystem partners and the community.
| AVAX | +2% Depth | -2% Depth | Volume |
|---|---|---|---|
| Binance | $1,937,453 | $2,570,164 | $147,933,128 |
| Bitfinex | $1,236,204 | $2,117,038 | $8,072,307 |
| Kraken | $358,334 | $607,909 | $3,598,883 |
| Coinbase | $2,235,017 | $2,891,156 | $79,619,203 |
| Total | $5,767,008 | $8,186,267 | $239,223,521 |
| MATIC | +2% Depth | -2% Depth | Volume |
|---|---|---|---|
| Binance | $2,669,179 | $3,010,869 | $159,546,651 |
| Bitfinex | $858,047 | $1,139,604 | $1,737,331 |
| Kraken | $1,127,590 | $1,266,423 | $8,320,294 |
| FTX | $320,940 | $322,993 | $16,913,151 |
| Coinbase | $2,209,438 | $3,242,293 | $82,780,276 |
| Total | $7,185,194 | $8,982,182 | $269,297,703 |
Specification
These Synths (AVAX, MATIC, and EUR) will be implemented using Chainlink OCR aggregators Optimism.
AVAX, MATIC, and EUR will be made shortable via the CollateralShort contract by calling CollateralManager.addShortableSynths.
Copyright
Copyright and related rights waived via CC0.