nolus

Prop 285: Update Oracle Swap Tree (Osmosis Noble USDC)

Summary

This proposal seeks to optimize the Oracle swap tree for the Osmosis USDC protocol, improving the efficiency of swap routes for assets used in margin trading on the Nolus protocol. The key updates are as follows:

  • New Assets for Longing: We propose adding NIL and XION as new margin long options on Nolus. The direct pools with USDC will be used, respectively pool ID 2854 for NIL and pool ID 2444 for XION.
  • Changed Routing for TIA: In addition, we suggest updating the TIA route to leverage the direct TIA/USDC pool. This adjustment reduces swap fees 12x (from 0.6% to 0.05%) while maintaining adequate efficiency, aligned with the current level of leveraged positions involving TIA.

By voting "YES" on this proposal, you support enhancing the Osmosis USDC Oracle swap tree to reflect these updated routes, thereby improving performance and cost-effectiveness for margin transactions on Nolus.