DFP-23: Pre-approve future Synthetix tokens

Header Content
Author Edson Ayllon (@relativeread)
Created 2022-3-18
Status Draft

Motivation

Having token approvals go through governance serves to check sufficient liquidity for trading and ensure a price oracle exists for such assets.

Synthetix assets use Chainlink oracles before being deployed, so a price feed is ensured. And liquidity also isn’t an issue with Synths, as they are zero slippage + fee.

Given all new Synth assets will meet our criteria for addition, this proposal exists to reduce new proposal spam with each new synth release.

Description

This proposal pre-approves all synth assets Synthetix adds to any chain dHEDGE has integrated with Synthetix.

Additionally, if Synthetix removes a synth, this proposal pre-approves the removal of deprecated synths as to not brick existing dHEDGE pools with those assets.

Contentious assets may be removed or added on a case-by-case basis, through separate governance proposals.

Implementation

New synths may be added as they are released by Synthetix through a contract upgrade.