Proposals #17 and #18 - logistics for the iFi DEX

Proposal 17 and 18 are live for voting now, and provide logistical support for the iFi DEX. The iFi (Infrastructure Finance) DEX is a part of the fintech tools that work with Althea protocol and the Althea L1 blockchain to enable financing and operation of utilities and infrastructure.

Proposal 17:

This proposal seeks to establish canonical pools for the Althea.link interface and to set a precedent for deciding how to add pools to the interface. The iFi dex itself is permissionless and anyone can create a pool at any time. For the time being Althea.link shows a limited number of pools, although it could be modified to display all possible pools relatively easily.

The initial proposed pools for Althea.link are

USDS/USDC

USDS/SUSDS

USDS/USDT

USDC/ALTHEA

USDS/GRAV

Additional pools may be added by community vote at any time although proposals that suggest adding huge numbers of pools may require the interface be tweaked so it remains usable.

This proposal does not unlock the chain that is a separate proposal. Passing this proposal before unlock allows preparation so that these pools are available more quickly after unlock passes governance.

Proposal 18
Configure onboarding module for Gravity Bridge

This proposal if passed will configure the onboarding module for channel-0 (Gravity Bridge). The onboarding module makes IBC transfers into and out of the Althea L1 EVM easier by auto-wrapping tokens bridged in from Ethereum. This means the users tokens go directly from their EVM wallet on ETH to their EVM wallet in the Althea EVM without requiring another transaction signature. If this feature is not enabled users will have to send a second transaction on Althea L1 to complete the bridge in process.

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How were the initial pools selected for Althea.link? Will community input be considered for future additions?

Hi Sophia,
Initial pools were proposed here in the forum for discussion and community input was adopted in the final proposal. Initially, ALTHEA/USDS was proposed, but community feedback was that ALTHEA/USDC was better.
After the upcoming Cardinal Update, the pools and parameters are all governance controlled. Anyone can put up a proposal for pools for the community to vote on.