{"componentChunkName":"component---src-pages-sccp-sccp-markdown-remark-frontmatter-sccp-tsx","path":"/sccp/sccp-213/","result":{"data":{"markdownRemark":{"fileAbsolutePath":"/vercel/path0/content/sccp/sccp-213.md","frontmatter":{"sip":null,"sccp":213,"title":"Change Oracle Source To 30BP ETH/USDC","network":"Ethereum","author":"Degen(@CasualDegen)","type":"Governance","proposal":"https://snapshot.org/#/snxgov.eth/proposal/bafkreictpalfyvwczwdq6c4xhlw3px4gebseulqh2ucfd6eewcfk4p2ikq","implementor":null,"release":null,"created":"2022-07-11T00:00:00.000Z","updated":null,"status":"Implemented"},"html":"<h2 id=\"simple-summary\" style=\"position:relative;\"><a href=\"#simple-summary\" aria-label=\"simple summary permalink\" class=\"anchor before\"><svg aria-hidden=\"true\" focusable=\"false\" height=\"16\" version=\"1.1\" viewBox=\"0 0 16 16\" width=\"16\"><path fill-rule=\"evenodd\" d=\"M4 9h1v1H4c-1.5 0-3-1.69-3-3.5S2.55 3 4 3h4c1.45 0 3 1.69 3 3.5 0 1.41-.91 2.72-2 3.25V8.59c.58-.45 1-1.27 1-2.09C10 5.22 8.98 4 8 4H4c-.98 0-2 1.22-2 2.5S3 9 4 9zm9-3h-1v1h1c1 0 2 1.22 2 2.5S13.98 12 13 12H9c-.98 0-2-1.22-2-2.5 0-.83.42-1.64 1-2.09V6.25c-1.09.53-2 1.84-2 3.25C6 11.31 7.55 13 9 13h4c1.45 0 3-1.69 3-3.5S14.5 6 13 6z\"></path></svg></a>Simple Summary</h2>\n<p>This SCCP proposes to revert the change of the oracle source for atomic swaps done in <a href=\"https://sips.synthetix.io/sccp/sccp-210/\">SCCP-210</a>.\r\nSCCP-210 changed the uni-v3 oracle source from the 30bp ETH/USDC pool to the 5bp one.</p>\n<p>This SCCP proposes to implement the following:</p>\n<ul>\n<li>Update the fee tier of the wETH/wUSDC pool from the <a href=\"https://etherscan.io/address/0x88e6A0c2dDD26FEEb64F039a2c41296FcB3f5640\">5 bp pool</a> to the <a href=\"https://etherscan.io/address/0x8ad599c3A0ff1De082011EFDDc58f1908eb6e6D8\">30 bp pool</a>. This is done by calling the <a href=\"https://etherscan.io/address/0xf120f029ac143633d1942e48ae2dfa2036c5786c#writeContract\"><code>setPoolForRoute</code></a>, taking in arguments of the <a href=\"https://etherscan.io/token/0xc02aaa39b223fe8d0a0e5c4f27ead9083c756cc2\">wETH</a> and <a href=\"https://etherscan.io/token/0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48\">USDC</a> addresses as well as the address of the <a href=\"https://etherscan.io/address/0x8ad599c3a0ff1de082011efddc58f1908eb6e6d8\">30 bp pool</a>.</li>\n</ul>\n<h2 id=\"abstract\" style=\"position:relative;\"><a href=\"#abstract\" aria-label=\"abstract permalink\" class=\"anchor before\"><svg aria-hidden=\"true\" focusable=\"false\" height=\"16\" version=\"1.1\" viewBox=\"0 0 16 16\" width=\"16\"><path fill-rule=\"evenodd\" d=\"M4 9h1v1H4c-1.5 0-3-1.69-3-3.5S2.55 3 4 3h4c1.45 0 3 1.69 3 3.5 0 1.41-.91 2.72-2 3.25V8.59c.58-.45 1-1.27 1-2.09C10 5.22 8.98 4 8 4H4c-.98 0-2 1.22-2 2.5S3 9 4 9zm9-3h-1v1h1c1 0 2 1.22 2 2.5S13.98 12 13 12H9c-.98 0-2-1.22-2-2.5 0-.83.42-1.64 1-2.09V6.25c-1.09.53-2 1.84-2 3.25C6 11.31 7.55 13 9 13h4c1.45 0 3-1.69 3-3.5S14.5 6 13 6z\"></path></svg></a>Abstract</h2>\n<p>Below is description of the parameters involved:</p>\n<ul>\n<li>The <code>setPoolForRoute</code> overrides the default route taken when trades take place for specific tokens.</li>\n</ul>\n<h2 id=\"motivation\" style=\"position:relative;\"><a href=\"#motivation\" aria-label=\"motivation permalink\" class=\"anchor before\"><svg aria-hidden=\"true\" focusable=\"false\" height=\"16\" version=\"1.1\" viewBox=\"0 0 16 16\" width=\"16\"><path fill-rule=\"evenodd\" d=\"M4 9h1v1H4c-1.5 0-3-1.69-3-3.5S2.55 3 4 3h4c1.45 0 3 1.69 3 3.5 0 1.41-.91 2.72-2 3.25V8.59c.58-.45 1-1.27 1-2.09C10 5.22 8.98 4 8 4H4c-.98 0-2 1.22-2 2.5S3 9 4 9zm9-3h-1v1h1c1 0 2 1.22 2 2.5S13.98 12 13 12H9c-.98 0-2-1.22-2-2.5 0-.83.42-1.64 1-2.09V6.25c-1.09.53-2 1.84-2 3.25C6 11.31 7.55 13 9 13h4c1.45 0 3-1.69 3-3.5S14.5 6 13 6z\"></path></svg></a>Motivation</h2>\n<p>After implementing <a href=\"https://sips.synthetix.io/sccp/sccp-210/\">SCCP-210</a> there is a significant drop in atomic swap volume (~90%+ less).\r\nSo instead of lowering the atomic swap fees, which could turn out unfavourable for stakers, an optimal alternative is to revert back to the old oracle source.\r\nFurhter analysis would be done in order to find out the best outcome for stakers and traders as to changing atomic swap fee and oracle source pool.</p>\n<h2 id=\"copyright\" style=\"position:relative;\"><a href=\"#copyright\" aria-label=\"copyright permalink\" class=\"anchor before\"><svg aria-hidden=\"true\" focusable=\"false\" height=\"16\" version=\"1.1\" viewBox=\"0 0 16 16\" width=\"16\"><path fill-rule=\"evenodd\" d=\"M4 9h1v1H4c-1.5 0-3-1.69-3-3.5S2.55 3 4 3h4c1.45 0 3 1.69 3 3.5 0 1.41-.91 2.72-2 3.25V8.59c.58-.45 1-1.27 1-2.09C10 5.22 8.98 4 8 4H4c-.98 0-2 1.22-2 2.5S3 9 4 9zm9-3h-1v1h1c1 0 2 1.22 2 2.5S13.98 12 13 12H9c-.98 0-2-1.22-2-2.5 0-.83.42-1.64 1-2.09V6.25c-1.09.53-2 1.84-2 3.25C6 11.31 7.55 13 9 13h4c1.45 0 3-1.69 3-3.5S14.5 6 13 6z\"></path></svg></a>Copyright</h2>\n<p>Copyright and related rights waived via <a href=\"https://creativecommons.org/publicdomain/zero/1.0/\">CC0</a>.</p>"}},"pageContext":{"id":"f459bafb-28cb-5527-b296-11a6eee8d637","frontmatter__sccp":213,"__params":{"frontmatter__sccp":"213"}}},"staticQueryHashes":[]}