nolus

Prop 69: Switch to Supercharged pools for STRD and JUNO

Switch to Supercharged pool for STRD and JUNO

Summary

One of the features which proposal 44 introduced was the replacement of the GAMM module with the new PoolManager module in the Interchain Account messages with regard to opening, repaying or liquidating lease positions. This primarily allowed the Nolus Protocol to take advantage of the new Supercharged pools on Osmosis which are based on the concentrated liquidity model pioneered by Uniswap v3. This provides for more efficient trading to happen as liquidity is not spread across the whole price curve but rather in smaller distinct ranges.
This proposal aims to migrate the IDs of the STRD/OSMO and JUNO/OSMO pools to its new concentrated liquidity counterparts. Below the current breakdown in terms of liquidity of the old vs the new pools as well as a price impact improvement given a large swap:

  • Standard Pool #806 STRD/OSMO (996k USD) -> Supercharged Pool #1098 STRD/OSMO (588k USD) results in ~1.8x better price impact for a 7k USD worth of swap

  • Standard Pool #497 JUNO/OSMO (726k USD) -> Supercharged Pool #1097 JUNO/OSMO (947k USD) results in ~2x better price impact for a 7k USD worth of swap

By voting YES on this proposal, you agree to make these adjustments to the Oracle swap tree and allow the protocol to utilize the paths above to facilitate the lease-relevant transactions.