List all the available defi blue chips.
Chainlink is a bottleneck so let’s send them a batch of requests so that the listing process won’t be held up.
Background
Perp protocol has a big opportunity to increase its market share in the DEX space. To aid this, I propose a batch list of defi blue chips:
Currently available on Chainlink:
AAVE
UNI
COMP
REN
The “available list”, in my opinion should be listed as soon as possible. More pairs will bring more traders to the platform.
The “unavailable list” should be sent to Chainlink in a batch to get all those price feeds up and running. This will allow for faster listings as they become available.
They have all proven themselves to be blue chips and are solving a lot of problems in the defi space. More importantly, they are all actively traded on dexes within the space. Note the uptick in volume across the board since the start of the year:
Agreed! Let’s do a quick batch listing to drive more volume from the DeFi-savvy users (our main demographics for now) quickly.
Seeing that transaction mining is coming up soon, it can be a segue to start doing cross-promotion with these DeFi assets’ SM channels (TG/Discord) so our marketing reach can grow exponentially. For example, we can do AMAs, give out sign-up bonus to these communities, organise quiz airdrops on perp swap topics, and then convert them to users and start trading while txn mining.
Maybe @thorkai can add some weight here. IMO it’s not currently blue chip, but with how it’s progressing I can see it reaching that status sooner rather than later, hence my inclusion.
I think RUNE could be a great one. It is the 13th biggest DeFi protocol, almost 1B circulating mcap, considered by many in the DeFi community as a blue chip, and also isn’t ERC20 native. There is an ERC20 version but a lot of the liquidity is off chain. So a great candidate for a derivatives offering.
We need to add pairs more quickly, but I think trade mining rewards need to come first. We want the incentives to be in place BEFORE batches of pairs are listed. This will incentivize volume from the beginning and gives the pairs a higher liklihood of succeeding. As long as trade mining kicks off first, I am fully in support of this proposal.
I am in favor of BAL over RUNE. For one thing, PERP was bootstrapped on Balancer and this project has been getting BAL weekly rewards that’s been reinvested back into the staking pool. Surprised it wasn’t on the list to begin with.
