Simple Summary

This SCCP proposes to revert 0xa77c88abcaa770c54a6cfbfd0c586a475537bbc1 access the DirectIntegration fees mentioned below until 1inch updates their contracts, expected early next week.

{'currencyKey': 'sBTC',
 'dexPriceAggregator': '0x228bCc970003Ca7588337604AFD9Fc5d92bF1C8B',
 'atomicMaxVolumePerBlock': 5m$,
 'atomicVolatilityUpdateThreshold': 10,
 'atomicExchangeFeeRate': 5 bp}

{'currencyKey': 'sUSD',
 'dexPriceAggregator': '0x228bCc970003Ca7588337604AFD9Fc5d92bF1C8B',
 'atomicMaxVolumePerBlock': 5m$}

{'currencyKey': 'sETH',
 'dexPriceAggregator': '0x228bCc970003Ca7588337604AFD9Fc5d92bF1C8B',
 'atomicMaxVolumePerBlock': 5m$,
 'atomicVolatilityUpdateThreshold': 10,
 'atomicExchangeFeeRate': 5 bp}

Abstract

The contract setup by 1inch is no longer suitable for atomic swaps, as it does not have the necessary fusion-only protections that enforce a trade delay. A new contract is being worked by the 1inch team, that incorporates those protections and is expected to be integrated the coming few days.

Motivation

The main motivation is to lean against latency attacks where the proposed low fees are not appropriate for non-fusion based trades. Hence, reverting access to the previous contract would reduce the change of latency attacks on the protocol.

Copyright

Copyright and related rights waived via CC0.