{"componentChunkName":"component---src-pages-sips-sip-markdown-remark-frontmatter-sip-tsx","path":"/sips/sip-205/","result":{"data":{"markdownRemark":{"fileAbsolutePath":"/vercel/path0/content/sips/sip-205.md","frontmatter":{"sip":205,"sccp":null,"title":"Add AVAX, MATIC and EUR To Optimism","network":"Optimism","author":"Matt (@MattLosquadro-Synthetix), Afif (@aband1)","type":"Governance","proposal":"https://snapshot.org/#/snxgov.eth/proposal/QmT2AD9A4q3MrHEAJpqPxMXkr8YiRiueuYtUTghgzga9sd","implementor":"Mark E. Barrasso (@barrasso)","release":"Algieba","created":"2022-01-31T00:00:00.000Z","updated":null,"status":"Implemented"},"html":"<h3 id=\"simple-summary\" style=\"position:relative;\"><a href=\"#simple-summary\" aria-label=\"simple summary permalink\" class=\"anchor before\"><svg aria-hidden=\"true\" focusable=\"false\" height=\"16\" version=\"1.1\" viewBox=\"0 0 16 16\" width=\"16\"><path fill-rule=\"evenodd\" d=\"M4 9h1v1H4c-1.5 0-3-1.69-3-3.5S2.55 3 4 3h4c1.45 0 3 1.69 3 3.5 0 1.41-.91 2.72-2 3.25V8.59c.58-.45 1-1.27 1-2.09C10 5.22 8.98 4 8 4H4c-.98 0-2 1.22-2 2.5S3 9 4 9zm9-3h-1v1h1c1 0 2 1.22 2 2.5S13.98 12 13 12H9c-.98 0-2-1.22-2-2.5 0-.83.42-1.64 1-2.09V6.25c-1.09.53-2 1.84-2 3.25C6 11.31 7.55 13 9 13h4c1.45 0 3-1.69 3-3.5S14.5 6 13 6z\"></path></svg></a>Simple Summary</h3>\n<p>Add AVAX, MATIC and EUR Synths on Optimism for trading and shorting.</p>\n<h3 id=\"overview\" style=\"position:relative;\"><a href=\"#overview\" aria-label=\"overview permalink\" class=\"anchor before\"><svg aria-hidden=\"true\" focusable=\"false\" height=\"16\" version=\"1.1\" viewBox=\"0 0 16 16\" width=\"16\"><path fill-rule=\"evenodd\" d=\"M4 9h1v1H4c-1.5 0-3-1.69-3-3.5S2.55 3 4 3h4c1.45 0 3 1.69 3 3.5 0 1.41-.91 2.72-2 3.25V8.59c.58-.45 1-1.27 1-2.09C10 5.22 8.98 4 8 4H4c-.98 0-2 1.22-2 2.5S3 9 4 9zm9-3h-1v1h1c1 0 2 1.22 2 2.5S13.98 12 13 12H9c-.98 0-2-1.22-2-2.5 0-.83.42-1.64 1-2.09V6.25c-1.09.53-2 1.84-2 3.25C6 11.31 7.55 13 9 13h4c1.45 0 3-1.69 3-3.5S14.5 6 13 6z\"></path></svg></a>Overview</h3>\n<p>This SIP will add individual Synths for AVAX, MATIC, and EUR tokens on Optimism.</p>\n<p>This SIP will also make AVAX, MATIC, and EUR shortable on Optimism.</p>\n<h3 id=\"motivation\" style=\"position:relative;\"><a href=\"#motivation\" aria-label=\"motivation permalink\" class=\"anchor before\"><svg aria-hidden=\"true\" focusable=\"false\" height=\"16\" version=\"1.1\" viewBox=\"0 0 16 16\" width=\"16\"><path fill-rule=\"evenodd\" d=\"M4 9h1v1H4c-1.5 0-3-1.69-3-3.5S2.55 3 4 3h4c1.45 0 3 1.69 3 3.5 0 1.41-.91 2.72-2 3.25V8.59c.58-.45 1-1.27 1-2.09C10 5.22 8.98 4 8 4H4c-.98 0-2 1.22-2 2.5S3 9 4 9zm9-3h-1v1h1c1 0 2 1.22 2 2.5S13.98 12 13 12H9c-.98 0-2-1.22-2-2.5 0-.83.42-1.64 1-2.09V6.25c-1.09.53-2 1.84-2 3.25C6 11.31 7.55 13 9 13h4c1.45 0 3-1.69 3-3.5S14.5 6 13 6z\"></path></svg></a>Motivation</h3>\n<p>Listing these additional synths on OE will benefit traders on Synthetix and within the ecosystem as a whole. By listing synths that we’ve never had before, we have the opportunity to attract new traders and to increase the trading volume of the overall Synthetix ecosystem.</p>\n<h3 id=\"rationale\" style=\"position:relative;\"><a href=\"#rationale\" aria-label=\"rationale permalink\" class=\"anchor before\"><svg aria-hidden=\"true\" focusable=\"false\" height=\"16\" version=\"1.1\" viewBox=\"0 0 16 16\" width=\"16\"><path fill-rule=\"evenodd\" d=\"M4 9h1v1H4c-1.5 0-3-1.69-3-3.5S2.55 3 4 3h4c1.45 0 3 1.69 3 3.5 0 1.41-.91 2.72-2 3.25V8.59c.58-.45 1-1.27 1-2.09C10 5.22 8.98 4 8 4H4c-.98 0-2 1.22-2 2.5S3 9 4 9zm9-3h-1v1h1c1 0 2 1.22 2 2.5S13.98 12 13 12H9c-.98 0-2-1.22-2-2.5 0-.83.42-1.64 1-2.09V6.25c-1.09.53-2 1.84-2 3.25C6 11.31 7.55 13 9 13h4c1.45 0 3-1.69 3-3.5S14.5 6 13 6z\"></path></svg></a>Rationale</h3>\n<p>Synths tracking AVAX, MATIC, and EUR were chosen after consultation with Synthetix ecosystem partners and the community.</p>\n<table>\n<thead>\n<tr>\n<th>AVAX</th>\n<th><strong>+2% Depth</strong></th>\n<th><strong>-2% Depth</strong></th>\n<th><strong>Volume</strong></th>\n</tr>\n</thead>\n<tbody>\n<tr>\n<td><strong>Binance</strong></td>\n<td>$1,937,453</td>\n<td>$2,570,164</td>\n<td>$147,933,128</td>\n</tr>\n<tr>\n<td><strong>Bitfinex</strong></td>\n<td>$1,236,204</td>\n<td>$2,117,038</td>\n<td>$8,072,307</td>\n</tr>\n<tr>\n<td><strong>Kraken</strong></td>\n<td>$358,334</td>\n<td>$607,909</td>\n<td>$3,598,883</td>\n</tr>\n<tr>\n<td><strong>Coinbase</strong></td>\n<td>$2,235,017</td>\n<td>$2,891,156</td>\n<td>$79,619,203</td>\n</tr>\n<tr>\n<td><strong>Total</strong></td>\n<td>$5,767,008</td>\n<td>$8,186,267</td>\n<td>$239,223,521</td>\n</tr>\n</tbody>\n</table>\n<table>\n<thead>\n<tr>\n<th><strong>MATIC</strong></th>\n<th><strong>+2% Depth</strong></th>\n<th><strong>-2% Depth</strong></th>\n<th><strong>Volume</strong></th>\n</tr>\n</thead>\n<tbody>\n<tr>\n<td><strong>Binance</strong></td>\n<td>$2,669,179</td>\n<td>$3,010,869</td>\n<td>$159,546,651</td>\n</tr>\n<tr>\n<td><strong>Bitfinex</strong></td>\n<td>$858,047</td>\n<td>$1,139,604</td>\n<td>$1,737,331</td>\n</tr>\n<tr>\n<td><strong>Kraken</strong></td>\n<td>$1,127,590</td>\n<td>$1,266,423</td>\n<td>$8,320,294</td>\n</tr>\n<tr>\n<td><strong>FTX</strong></td>\n<td>$320,940</td>\n<td>$322,993</td>\n<td>$16,913,151</td>\n</tr>\n<tr>\n<td><strong>Coinbase</strong></td>\n<td>$2,209,438</td>\n<td>$3,242,293</td>\n<td>$82,780,276</td>\n</tr>\n<tr>\n<td><strong>Total</strong></td>\n<td>$7,185,194</td>\n<td>$8,982,182</td>\n<td>$269,297,703</td>\n</tr>\n</tbody>\n</table>\n<h3 id=\"specification\" style=\"position:relative;\"><a href=\"#specification\" aria-label=\"specification permalink\" class=\"anchor before\"><svg aria-hidden=\"true\" focusable=\"false\" height=\"16\" version=\"1.1\" viewBox=\"0 0 16 16\" width=\"16\"><path fill-rule=\"evenodd\" d=\"M4 9h1v1H4c-1.5 0-3-1.69-3-3.5S2.55 3 4 3h4c1.45 0 3 1.69 3 3.5 0 1.41-.91 2.72-2 3.25V8.59c.58-.45 1-1.27 1-2.09C10 5.22 8.98 4 8 4H4c-.98 0-2 1.22-2 2.5S3 9 4 9zm9-3h-1v1h1c1 0 2 1.22 2 2.5S13.98 12 13 12H9c-.98 0-2-1.22-2-2.5 0-.83.42-1.64 1-2.09V6.25c-1.09.53-2 1.84-2 3.25C6 11.31 7.55 13 9 13h4c1.45 0 3-1.69 3-3.5S14.5 6 13 6z\"></path></svg></a>Specification</h3>\n<p>These Synths (AVAX, MATIC, and EUR) will be implemented using Chainlink OCR aggregators Optimism.</p>\n<p>AVAX, MATIC, and EUR will be made shortable via the <code>CollateralShort</code> contract by calling <code>CollateralManager.addShortableSynths</code>.</p>\n<h3 id=\"copyright\" style=\"position:relative;\"><a href=\"#copyright\" aria-label=\"copyright permalink\" class=\"anchor before\"><svg aria-hidden=\"true\" focusable=\"false\" height=\"16\" version=\"1.1\" viewBox=\"0 0 16 16\" width=\"16\"><path fill-rule=\"evenodd\" d=\"M4 9h1v1H4c-1.5 0-3-1.69-3-3.5S2.55 3 4 3h4c1.45 0 3 1.69 3 3.5 0 1.41-.91 2.72-2 3.25V8.59c.58-.45 1-1.27 1-2.09C10 5.22 8.98 4 8 4H4c-.98 0-2 1.22-2 2.5S3 9 4 9zm9-3h-1v1h1c1 0 2 1.22 2 2.5S13.98 12 13 12H9c-.98 0-2-1.22-2-2.5 0-.83.42-1.64 1-2.09V6.25c-1.09.53-2 1.84-2 3.25C6 11.31 7.55 13 9 13h4c1.45 0 3-1.69 3-3.5S14.5 6 13 6z\"></path></svg></a>Copyright</h3>\n<p>Copyright and related rights waived via <a href=\"https://creativecommons.org/publicdomain/zero/1.0/\">CC0</a>.</p>"}},"pageContext":{"id":"ab153c56-4ab6-5fd7-bce1-a60f9ed3d432","frontmatter__sip":205,"__params":{"frontmatter__sip":"205"}}},"staticQueryHashes":[]}