nolus

Prop 308: Update Oracle Swap Trees (Osmosis axlUSDC and allSOL)

Summary

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

  • Change SCRT Pool (axlUSDC Market): We propose to adjust the swap route for the SCRT long positions for that axlUSDC market based on the lower liquidity in pool 584. The newly proposed route is the Supercharged SCRT/OSMO (id:1095) pool, since it has much more liquidity than currently used pool. This is done such that existing positions would be able to be processed under the most favorable conditions.
  • Delist Assets (axlUSDC Market): There are no STRD and STARS active positions and the liquidity in the Osmosis pools is not deep enough to justify supporting those assets in the Oracle.
  • Change allSOL Route (allSOL Market): An alternative route for the allSOL token is suggested, where it would go through the allSOL/allBTC pool for one extra hop, but in a deeper liquidity.

By voting "YES" on this proposal, you support enhancing the Osmosis axlUSDC and Osmosis allSOL Oracle swap trees to reflect these updated routes, thereby improving performance and cost-effectiveness for margin trading on Nolus. Note: these markets have been deprecated for opening positions via the UI for quite some time now. Long positions are being opened via the USDC Noble market.