| sccp | network | title | author | status | proposal | type |
|---|---|---|---|---|---|---|
2047 |
Ethereum |
Update 1inch Integration - Fusion Address |
Kaleb (@kaleb-keny) |
Implemented |
Governance |
This SCCP proposes to apply the below DirectIntegration parameters on the new 1inch Cross-Asset Swap contract 0x8d8404f8Cca4c8834Ca3caB1E54887ae47724BEE:
{'currencyKey': 'sUSD',
'dexPriceAggregator': '0x228bCc970003Ca7588337604AFD9Fc5d92bF1C8B',
'atomicMaxVolumePerBlock': 15m$,
'atomicExchangeFeeRate': 0}
{'currencyKey': 'sETH',
'dexPriceAggregator': '0x228bCc970003Ca7588337604AFD9Fc5d92bF1C8B',
'atomicMaxVolumePerBlock': 15m$,
'atomicExchangeFeeRate': 5 bp}
{'currencyKey': 'sBTC',
'dexPriceAggregator': '0x228bCc970003Ca7588337604AFD9Fc5d92bF1C8B',
'atomicMaxVolumePerBlock': 15m$,
'atomicExchangeFeeRate': 5 bp}
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.
The primary purpose is to switch over to the new 1inch address, as the old ones was deprecated.
Copyright and related rights waived via CC0.