sCIP#33 - List synthetic AAVE, COMP, REN, UNI and YFI

Summary:

List AAVE/sAAVE, COMP/sCOMP, REN/sREN, UNI/sUNI and YFI/sYFI pool.

Motivation:

This proposal seeks to list more synthetic asset pairing to expand for more SynthSwap coverage and allow SNX minters to seek yield from asset they are bullish in. Combined with SCIP#32, The pool with governance token will be delegated to selected entity to partake in other DAO.

Specification:
Token with governance function will be marked with :classical_building: emoji.

Synthetix

Synthetix is decentralized protocol aims to provided on-chain derivatives with tokenized ERC-20 and on-chain shorting.
Website: Synthetix
Discord: https://discord.gg/cF7pmUGJ7k
Twitter: Synthetix :crossed_swords: (@synthetix_io) / Twitter
Docs: Synthetix System Documentation
Github: Synthetixio/synthetix: Synthetix Solidity smart contracts

Synthetic token address:

sAAVE: 0xd2dF355C19471c8bd7D8A3aa27Ff4e26A21b4076
Decimals: 18

sCOMP: 0xEb029507d3e043DD6C87F2917C4E82B902c35618
Decimals: 18

sREN: 0xD31533E8d0f3DF62060e94B3F1318137bB6E3525
Decimals: 18

sUNI: 0x30635297E450b930f8693297eBa160D9e6c8eBcf
Decimals: 18

sYFI: 0x992058B7DB08F9734d84485bfbC243C4ee6954A7
Decimals: 18

Aave

Aave is open source on-chain money market that allows anyone to borrow and lend asset with innovative feature such as credit delegation and flash loans.
Website: Aave – Open Source DeFi Protocol
Discord: https://discord.com/invite/adPfquZDZc
Twitter: Aave (@AaveAave) / Twitter
Docs: Aave Document Portal - Portal
Github: aave/protocol-v2: Aave Protocol V2 (github.com)

Token info:

Coingecko: Aave price, chart, market cap and info | CoinGecko
Address: 0x7Fc66500c84A76Ad7e9c93437bFc5Ac33E2DDaE9 :classical_building:
Decimals: 18

Compound

Compound protocol is the first money market protocol which allows people to borrow and lend asset with governance DAO that can completely changed how protocol works.
Website: Compound
Discord: https://compound.finance/discord
Twitter: Compound Labs (@compoundfinance) / Twitter
Docs: Compound | Docs - Getting Started
Github: compound-finance/compound-protocol: The Compound On-Chain Protocol (github.com)

Token info:

Coingecko: Compound price, COMP price index, chart, and info | CoinGecko
COMP: 0xc00e94cb662c3520282e6f5717214004a7f26888 :classical_building:
Decimals: 18

Ren

Ren Protocol seeks interoperability across blockchain platform by tokenizing cryptocurrency via RenVM.
Website: Ren
Telegram: Telegram: Contact @renproject
Twitter: Ren (@renprotocol)
Docs: Welcome - Developers (renproject.io)
Github: Ren

Token info:

Coingecko: REN price, chart, market cap and info | CoinGecko
Address: 0x408e41876cCCDC0F92210600ef50372656052a38
Decimals: 18

Uniswap

Uniswap is on-chain trading protcol that allows anyone to create, trade and provide liquidity freely via constant product AMM.
Website: Uniswap | Home
Discord: https://discord.gg/FCfyBSbCU5
Twitter: Uniswap Labs :unicorn: (@Uniswap) / Twitter
Docs: Uniswap | Overview
Github: Uniswap

Token info:

Coingecko: Uniswap price, UNI price index, chart, and info | CoinGecko
Address: 0x1f9840a85d5aF5bf1D1762F925BDADdC4201F984 :classical_building:
Decimals: 18

Yearn Finance

Yearn is yield aggregator which where users can deposit their asset together to earn from DeFi, automated and saving gas.
Website: yearn.finance
Discord: http://discord.yearn.finance/
Twitter: yearn.finance (@iearnfinance) / Twitter
Docs: Introduction to Yearn - yearn.finance
Github: Yearn Finance

Token info:

Coingecko: yearn.finance price, YFI price index, chart, and info | CoinGecko
Address: 0x0bc529c00c6401aef6d220be8c6ea1667f6ad93e :classical_building:
Decimals: 18

For:

This proposal will extends SynthSwap asset and bring more volume to Curve.

Against:

This increase risk associated with Synthetix and if sCIP#32 passed, would leads to circular governance (YFI => Curve => YFI) which has unknown effect for now.

Poll:

The poll will start at 6 March 12:00 UTC and end at 12 Match 12:00 UTC with same block as sCIP#32. Each pool has its own vote.
AAVE/sAAVE: Snapshot
COMP/sCOMP: Snapshot
REN/sREN: Snapshot
UNI/sUNI: Snapshot
YFI/sYFI: Snapshot

17 Likes

Make it happen. Thanks!

3 Likes

Let’s do it! Has my vote.

3 Likes

4 Likes