Prop 315: Update Oracle Swap Trees (Osmosis and Neutron Noble USDC)
Summary
This proposal seeks to optimize the Oracle swap trees for the Osmosis USDC and Neutron USDC protocols, improving the efficiency of swap routes for assets used in margin trading on the Nolus protocol. The key updates are as follows:
- Delist JKL: We propose removing JKL from the Oracle swap tree due to the absence of open positions and limited liquidity (around 80k USD), which does not sufficiently support the protocol’s needs.
- Update allETH Route: We recommend adjusting the swap path for the alloyed ETH asset to leverage the significantly deeper liquidity in the allBTC/allETH pool (285k USD) compared to the currently used allETH/USDC pool (112k USD).
- Update dNTRN Route: We suggest delivering Oracle prices for the dNTRN token through the dNTRN/NTRN and NTRN/USDC pools, replacing the direct dNTRN/USDC route, as the former offers substantially deeper liquidity.
- Delist TIA, stTIA and stATOM on Neutron: We propose removing TIA, stTIA, and stATOM from the Neutron long market due to the absence of open positions and insufficient liquidity to adequately serve protocol requirements.
By voting "YES" on this proposal, you support enhancing both the Osmosis USDC and Neutron Astroport USDC Oracle swap trees to reflect these updated routes, thereby improving performance and cost-effectiveness for margin trading on Nolus.