SIP 27: Add new crypto Synths Source

AuthorGarth Travers
Discussions-To(https://discordapp.com/invite/CDTvjHY)
StatusImplemented
Created2019-11-20

Simple Summary

Add new long and inverse Synths for three new cryptocurrencies: Chainlink (LINK), Ripple (XRP), and Litecoin (LTC).

Motivation

Adding long/inverse exposure to a range of new crypto Synths will allow traders to profit from bullish or bearish bets on the value of some of the best-known tokens in the ecosystem.

Specification

These Synths will be implemented in much the same way as the other long/inverse crypto Synths. Each crypto Synth will have upper and lower thresholds.

Rationale

Additional crypto Synths will add further utility to Synthetix.Exchange. The included cryptocurrencies were chosen through community voting on Twitter.

Test Cases

TBC

Implementation

These Synths will be added in the upcoming Arcturus release.

Copyright and related rights waived via CC0.