Discussion on mainnet iFi Dex pools composition

Althea L1 Blockchain Governance Pre-flight Discussion
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This post is an open discussion for what token pairs / pools should the iFi Dex be launched with.

The creation of pools is permissionless, so anyone on Althea L1 can deploy a new pool on the iFi dex. The goal of this post is to try and discuss a smaller number of pools to coordinate around.

Here’s my proposal. It’s a simple setup that’s designed to minimize the cost the chain has to pay in liquidity.

Current proposal

  • Althea / Coinbase Wrapped BTC
  • Althea / USDC
  • USDC / USDS (Sky / Dai stablecoin)
  • USDC / USDT
  • USDS / SUSDS (Savings Sky)
2 Likes
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I think that looks pretty good! One day in the future EURC, GBPT, JPYC or some other non-USD stables would be cool, both to make it easier to deploy Althea hardware in other countries, but also because it would function as a mini-decentralized foreign exchange market (assuming that’s legal).

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I think the pool composition is thoughtful and makes sense. I wonder if, perhaps, starting with three pools of
ALTHEA/USDC
USDC/USDS
USDS/SUSDS

then adding
ALTHEA/CWBTC and USDT pools later would be preferred.
Also curious the community’s thoughts of a ALTHEA/SUSDS pool?

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How did you decide on prioritizing these specific pairs first? Are they chosen more for trading volume potential, or for minimizing liquidity incentives the chain needs to provide?