Simple Summary

This SCCP proposes to apply the below DirectIntegration parameters on the new 1inch Cross-Asset Swap contract 0xDEcf04cA46D287b3cb99692AD512E568Ba276140:

{'currencyKey': 'sUSD',
 'dexPriceAggregator': '0x228bCc970003Ca7588337604AFD9Fc5d92bF1C8B',
 'atomicMaxVolumePerBlock': 10m$,
 'atomicExchangeFeeRate': 0}

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

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

Abstract

The DirectIntegration addresses are contracts setup by integrators, that are allowed to trade at specialized fees and parameters, given that they satisfy certain conditions. In 1inch's case, they abide going throught the fusion offering which incorporates around a block delay for filling an order which leads to fresh uniswap prices being used:

• dexPriceAggregator is the uniswap aggregator in operation, it would be pointed towards the uniswap 5 bp pools.
• atomicMaxVolumePerBlock is the maximum sUSD volume allowed per block.
• atomicExchangeFeeRate is the fee rate paid on exchanges into a specific synth.

Motivation

The main motivation is to re-enable the cross-asset exchange functionality on 1inch fusion after it was disabled in SCCP-276.

Copyright

Copyright and related rights waived via CC0.