SIP-225: Curve Futures Market
| Author | |
|---|---|
| Status | Rejected |
| Type | Governance |
| Network | Optimism |
| Implementor | TBD |
| Release | TBD |
| Created | 2022-03-30 |
Simple Summary
Create a Curve Futures market on Optimism
Abstract
This is a proposal to offer a Curve futures which tracks the price of the $Crv token
Motivation
$CRV is the token that powers the curve eco-system, where users can lock their curve tokens to be able to vote on gauges and partake in future curve inflation. The majority of demand for Curve perpertual market, will likely come from veCRV holders who are looking to hedge their locked position at an acceptable funding rate.
Specification
| Exchange | Pairs | +2% Depth | -2% Depth | Volume | Volume % |
|---|---|---|---|---|---|
| Binance | CRV/USDT | 222,996 | 287,136 | 46,925,457 | 14% |
| Coinbase Exchange | CRV/USD | 287,634 | 389,712 | 15,188,164 | 5% |
| Gate.io | CRV/USDT | 85,639 | 97,829 | 15,166,015 | 5% |
| Huobi Global | CRV/USDT | 132,007 | 142,806 | 9,675,540 | 3% |
| KuCoin | CRV/USDT | 128,990 | 144,685 | 5,664,493 | 2% |
| Binance | CRV/BUSD | 41,150 | 69,698 | 3,856,569 | 1% |
| Binance | CRV/BTC | 104,336 | 118,576 | 3,251,404 | 1% |
| Binance.US | CRV/USD | 76,181 | 120,327 | 2,374,806 | 1% |
| FTX | CRV/USD | 127,312 | 175,077 | 2,264,742 | 1% |
| Binance | CRV/ETH | 10,524 | 45,166 | 1,824,831 | 1% |
| Kraken | CRV/USD | 158,387 | 140,398 | 1,751,810 | 1% |
Technical Specification
Requires a ChainLink Price feed on OE
Test Cases
n/a
Configurable Values (Via SCCP)
Open interest caps would be low and fees would be set high initially.
Copyright
Copyright and related rights waived via CC0.