SIP-49: Add new synths for Hadar release
| Author | |
|---|---|
| Discussions-To | <https://discordapp.com/invite/CDTvjHY> |
| Status | Implemented |
| Created | 2020-03-30 |
Simple Summary
Add new long and inverse Synths for six new cryptocurrencies: Bitcoin Cash (BCH), Cardano (ADA), Dash, EOS, Monero (XMR), Ethereum Classic (ETC). Add new long and inverse Synths for two new indices: FTSE 100 Index, Nikkei 225 Index Add new long and inverse Synths for one new commodity: Brent Crude Oil
Motivation
Adding long/inverse exposure to a range of new Synths will allow traders to profit from bullish or bearish bets on the value of some of the best-known assets in the ecosystem.
Specification
These Synths will be implemented in much the same way as the other long/inverse crypto Synths. Each Synth will have upper and lower thresholds.
Rationale
Additional crypto, indices and Brent Crude Oil synths will add further utility to Synthetix.Exchange. The included cryptocurrencies were chosen based on the new report by Delphi Digital, indices and Brent Crude Oil were chosen based on community demand and poll in Discord.
Test Cases
TBC
Implementation
These Synths will be added in the upcoming Hadar release.
Copyright
Copyright and related rights waived via CC0.