Prop 99: Upgrading Dexter Smart Contracts for Enhanced Functionality
This proposal outlines the upgrade of Dexter smart contracts on the Persistence chain to improve functionality and user experience.
Upgrade Details
The upgrade focuses on four key areas:
-
Improved Stableswap Math:
- Integrates integer-based calculations for stableswap functions.
- Enhances handling of smaller inputs and ensures closer alignment with the curve's stableswap math.
-
Spot Price Methods for SKIP Integration:
- Introduces spot price methods to facilitate integration with the SKIP to power ibc.fun token swaps using Dexter.
- This integration will be crucial for future functionalities and expansion of the Persistence ecosystem.
-
Simplified Slippage Parameters:
- Removes unnecessary max-spread checks from the Stableswap function.
- Streamlines slippage parameter configuration, improving usability for external integrations.
-
Cosmwasm Security Enhancements:
- Upgrades the underlying Cosmwasm standard library to incorporate the latest security patches.
- This upgrade strengthens the overall security posture of Dexter smart contracts.
Impact on Existing Pools
This upgrade encompasses a comprehensive overhaul, affecting all existing pools, the router contract, and the vault contract. To ensure a smooth transition, the proposal outlines the following:
- Code Version Updates: Contracts on the current version will be updated to the new version as highlighted below:
| Code Name | Existing Code ID | Existing Code Version | New Code ID | New Code Version |
|---|---|---|---|---|
| Dexter Vault | 3 | v1.0.0 | 15 | v1.1.0 |
| Dexter Router | 6 | v1.0.0 | 16 | v1.1.0 |
| Stableswap Pool | 8 | v1.0.0 | 18 | v1.1.1 |
| Weighted Pool | 7 | v1.0.0 | 17 | v1.1.1 |
- Upgrade Process: The upgrade will seamlessly migrate existing pool configurations. It will also ensure that new pools are created with the new code ID.
| Contract | Address | New Code ID |
|---|---|---|
| Dexter Vault | persistence1k8re7jwz6rnnwrktnejdwkwnncte7ek7gt29gvnl3sdrg9mtnqkstujtpg |
15 |
| Dexter Router | persistence132xmxm33vwjlur2pszl4hu9r32lqmqagvunnuc5hq4htps7rr3kqsf4dsk |
16 |
The summary of pool contract upgrades are:
| Pool ID | Pool | Type | New Code ID | Contract Address |
|---|---|---|---|---|
| 1 | stkATOM-ATOM | Stableswap | 18 | persistence1335rlmhujm0gj5e9gh7at9jpqvqckz0mpe4v284ar4lw5mlkryzszkpfrs |
| 2 | ATOM-XPRT | Weighted | 17 | persistence14ph4e660eyqz0j36zlkaey4zgzexm5twkmjlqaequxr2cjm9eprqsnnszg |
| 3 | PSTAKE-XPRT | Weighted | 17 | persistence1g3acw7aumaj3r348cqn4kazrehlmn822w9p46sqwztnke27h3lyshald7p |
| 4 | USDC-USDT | Stableswap | 18 | persistence1gd54cnu80s8qdqcyhyvn06m87vlmch2uf4wvz4z08svawvc2rhysgvav55 |
| 5 | USDT-XPRT | Weighted | 17 | persistence1e0cwfmla7exa578xddl87paxexw9ymwrzysfjms8c2mstxjkldlqz67jnl |
| 6 | USDC-DYDX | Weighted | 17 | persistence1gzuv84xrwwhxhf0f62av279vfyrfrm7x58fcnadlr5m90gnx223sglqscd |
| 7 | stkDYDX-DYDX | Stableswap | 18 | persistence1tq22yqsgl8y4ds930m0gha2yjkgju8rh8f2a0suv60vpwx8hqy2q82u47m |
| 8 | SHD-XPRT | Weighted | 17 | persistence18x5w425dccrkuwk46u9yqrwmka2ef0lmnvsx439dm09hf5qqfvjq6lwxhf |
| 9 | stkSTARS-STARS | Stableswap | 18 | persistence1u0ehv853npcmu9m4jexampykq6yeuf6nlnxpvm5m8w73g2vrv9wqzj8h9h |
| 10 | STARS-XPRT | Weighted | 17 | persistence1av3qg7rrtwu2anudw8u7d2ncv4f0826yxrndw9esvrp4jdnsmyjqzlqcg9 |
| 11 | stkHUAHUA-HUAHUA | Stableswap | 18 | persistence1ny5q57qzkt9cn64mf7grc58tjqx37czxe85nx8aujw8md3hlyruqrspvtc |
| 12 | stkXPRT-XPRT | Stableswap | 18 | persistence1v2efcqkp2qtev06t0ksjnx6trxdd0f7fxg2zdrtzr8cr9wdpjkyq8r0cyc |
Conclusion
Upgrading Dexter smart contracts delivers a multitude of improvements. Improved accuracy, expanded functionality, and enhanced security solidify Dexter's position as a reliable and secure DEX on the Persistence chain.
Voting Options
- YES: Vote in favor of upgrading Dexter smart contracts according to the outlined details.
- NO: Vote against the proposed upgrade.
- NO WITH VETO: If you believe this is a spam proposal and the proposer should lose their deposit, vote NO WITH VETO.
- ABSTAIN: Choose to abstain from voting but still contribute to quorum requirements.