sCIP#24 - renFIL / wFIL pool

Summary:

renFIL and wFIL are ERC-20 tokens on Ethereum, both backed 1:1 by Filecoin (FIL). renFIL was launched by the Ren project (https://renproject.io/) in collaboration with ConsenSys Codefi (https://bridge.codefi.network) and wFIL was launched by Wrapped (https://www.wrapped.com/). renFIL is secured by RenVM, which is transitioning into a decentralized network, while wFIL is secured by a centralized qualified custodian, and hence both cater to different market actors.

We are proposing to launch a new pool containing both of these assets (renFIL/wFIL).

Motivation:

Filecoin has been one of the largest network launches of the year, and tokenized FIL can enable all types of new applications in DeFi as illustrated by the recent Filecoin+EthGlobal hackathon. Liquidity and price parity is a crucial step to catalyze these applications, which is why a Curve pool makes sense.

For:

  • Bring a new kind asset to Curve that is not representing USD or BTC, diversifying the kinds of assets you can trade on Curve
  • Help kickstart FIL’s presence on Ethereum

Against:

Poll

https://signal.curve.fi/#/curve/proposal/QmPvuispcngEXmMKfuVLesjnPCTNTnNPQ9xxnkhjDPmUzr

4 Likes

I am fully confident that this integration will highly benefit all the project involved. There is somebody that has to do the first step. Lets do it Curve!

3 Likes

Thanks so much for putting this together Corbin!

If anyone has any questions directed towards the renFIL part and how it works feel free to ask me :+1:

2 Likes

This sounds like a phenomenal ideal. I am in full support.

1 Like