SIP-388: Adding Support for EtherFi weETH to Arbitrum V3 LP
| Author | |
|---|---|
| Status | Approved |
| Type | Governance |
| Network | Arbitrum |
| Implementor | TBD |
| Release | TBD |
| Proposal | Loading status... |
| Created | 2024-05-30 |
Simple Summary
This SIP proposes the addition of EtherFi weETH tokens as LP collateral on Arbitrum V3 deployment.
Abstract
In order to enhance the diversity of yield-generation and exposure options for LP collateral within the Synthetix ecosystem, this SIP aims to add EtherFi weETH tokens as LP collateral on Arbitrum V3 deployment. Depositors of weETH will continue to earn EtherFi points along with the native restaking yield of each token.
Motivation
The addition of these yield tokens aims to:
- Increase the variety of yield-generating assets available to LP.
- Attract holders of weETH to the Synthetix ecosystem.
- Enhance the overall liquidity of Arbitrum V3 LP.
Technical Specification
Implementation of this SIP will be contingent on the availability of an weETH price oracle on Arbitrum.
Test Cases
N/A
Configurable Values
Each LP parameter (LP cap, minimum minting c-ratio, liquidation ratio) will be configured via SCCP.
Copyright
Copyright and related rights waived via CC0.