You signed in with another tab or window. Reload to refresh your session.You signed out in another tab or window. Reload to refresh your session.You switched accounts on another tab or window. Reload to refresh your session.Dismiss alert
The system already provides a way to amalgamate the same tokens from different chains - e.g., USDC from Ethereum and USDC from Base can be instantly swapped into localUSDC. Issuers can use localUsdc as their pool currency, opening the pool for both variants. We want to extend this behavior. Creating more localXXX versions, allows issuers to accept a more diverse set of tokens - e.g. a localUsdcDai token would allow the use of both Dai and all USDC variants for a pool.
This means that localUsdcDai tokens could be swapped into both Dai and Usdc tokens, while localUsdc tokens could only be swapped into Usdc tokens.
Research/based on
Needs of issuers to not swap USDC <> DAI or other tokens
How will this affect the code base
Increase complexity on the pallet-token-mux side due to decimal differences
What are foreseen obstacles or hurdles to overcome?
Prevent creation of dust due to rounding
The text was updated successfully, but these errors were encountered:
Description
The system already provides a way to amalgamate the same tokens from different chains - e.g.,
USDC
from Ethereum andUSDC
from Base can be instantly swapped intolocalUSDC
. Issuers can uselocalUsdc
as their pool currency, opening the pool for both variants. We want to extend this behavior. Creating morelocalXXX
versions, allows issuers to accept a more diverse set of tokens - e.g. alocalUsdcDai
token would allow the use of bothDai
and allUSDC
variants for a pool.This means that
localUsdcDai
tokens could be swapped into bothDai
andUsdc
tokens, whilelocalUsdc
tokens could only be swapped intoUsdc
tokens.Research/based on
USDC
<>DAI
or other tokensHow will this affect the code base
pallet-token-mux
side due to decimal differencesWhat are foreseen obstacles or hurdles to overcome?
The text was updated successfully, but these errors were encountered: