DFP-14: Add more assets on Polygon

dHEDGE Feature Proposals (DFPs)
#1
Header Content
Author Edson Ayllon (@relativeread)
Created 2021-11-29
Status Completed

Motivation

Given new liquidity available on Polygon, and new Chainlink feeds being added, this proposal is a routine check to add new assets that meet the following criteria:

  • Price feed oracle (Chainlink feed)
  • Sufficient DEX liquidity on the given chain

Description

The assets to be added on dHEDGE Polygon include the following:

Symbol Name Contract
UST Wrapped UST Token Wrapped UST Token (UST) Token Tracker | PolygonScan
TUSD TrueUSD TrueUSD (TUSD) Token Tracker | PolygonScan
renBTC renBTC https://polygonscan.com/token/0xdbf31df14b66535af65aac99c32e9ea844e14501
SOL Solana SOL (SOL) Token Tracker | PolygonScan
NEXO Nexo Nexo (NEXO) Token Tracker | PolygonScan
DHT dHEDGE Token https://polygonscan.com/token/0x8c92e38eca8210f4fcbf17f0951b198dd7668292

Liquidity was checked by sourcing data from Sushi, Quickswap, Balancer, and 1inch.

Implementation

The described assets can be added as assets on dHEDGE V2 contracts through governance.

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4 Likes
DFP-29: Remove UST
#2

I support it… BUT… What means “Sufficient DEX liquidity on the given chain” ??? Which one will determine which amount of liquidity is “Sufficient”? As it is described here it’s not clear.

#3

For these assets, 10k USD was selected on a DEX aggregator. If it had more than 5% slippage, it wasn’t included. Typically, assets with 1M in LPs are always included. At this moment, BAT and UMA have a chainlink feed, but don’t have sufficient liquidity to be included, slippage is too high on low volumes.

2 Likes
#4

Thanks for the clarification.

1 Like