vote.singlefinance.io Open in urlscan Pro
2606:4700:10::6816:abd  Public Scan

Form analysis
0 forms found in the DOM

Text Content

snapshot
ウォレットを接続する


SINGLE FINANCE

120 メンバー
参加する

提案

Snapshotについて

設定





提案


New proposal

0x9567...0C67
コア

終了


[SIP-4] ADDING THE CROSS-CHAIN FEATURES ON EXISTING LENDING POOLS OF COMMON
TOKENS

Summary This proposal is to vote on adding cross-chain features to the existing
lending pools for common tokens like USDC, USDT, BTC, and ETH. The aim is to
better allocate on-chain resources and reward lenders, yield farmers, and
stakeholders. Background & Details Every chain has its own features that affect
the adoption of specific tokens. For example, ETH is more commonly used as one
side of a trading pair on layer 2, and the general cost of USDC varies across
chains. To enhance the capital efficiency of staked assets, help lenders capture
additional yields when available and provide more capacity to leveraged farmers
to open a position , it is proposed to add the cross-chain features on the
lending pools, provided that security and liquidity concerns are welled
addressed. The target tokens ("Token T") will be borrowed from the lending pool
on the chain with a highly excessive supply of Token T ("Chain A"), then
transferred through our bridge protocol partner across chains, and further
deposited to a chain with higher current or expected yield ("Chain B") in the
same token. The amount of net movement between the chains will be rebalanced on
a monthly basis according to the rebalancing mechanism. Applicable chains: all
supported chains on Single Finance (excluding Fantom), mutually Applicable
tokens: USDC, USDT, BTC and ETH Rebalancing Mechanism & Operation-related:
Cross-chain lending will only be triggered when the utilization rate of Token T
lending pool on Chain A is lower than 50% If the utilization rate of Token T
lending pool on Chain B keeps at a low level (e.g. utilization rate <= 30%) for
a long duration, the excessive liquidity will be bridged back to Chain A after
considering the borrowing costs of Token T on Chain B In case the utilization
rate of Token T lending pool on Chain A is higher than 80%, the return of supply
assets from Chain B back to Chain A will be prioritized in the next rebalancing,
i.e. to maintain at least 20% buffer to address the liquidity concern The
rebalancing will be implemented on monthly basis, subject to market change and
careful review The sequential actions of borrowing, bridging and depositing will
be executed by smart contracts only In case there is shortfall on interest
payable across chains, the shortfall as well as the bridging cost will be funded
by protocol's treasury to ensure the costs are not born by any of the lenders
and secure the lenders with sufficient liquidity. Bridging Partners & Security
After thorough consideration on fee structure, security measurement, bridging
capacity and support, it is proposed to adopt XY Finance as the bridge protocol
partner of subject product upgrade. Security consideration: The bridged assets
will flow through XY Finance only upon bridging. No assets will be deposited
into the pool/vault of XY Finance at any moment For high amount transfer, the
transaction will be fragmentized according to the smart contract setup. By
default, there will always be a trial run on the bridging process with a tiny
amount of token in advance. XY Finance has five independent validators from the
investors and five independent parties to secure the multi-sig contract
management XY Finance has been audited by third parties, including BlockSec,
without any exploits for two years since inception. Benefit to Single Finance
and the stakeholders Token T lenders on Chain A (originally in low utilization
rate) can earn higher lending APR, increasing the capital efficiency but still
in a low risk profile Yield farmers on Chain B (originally in high borrowing
cost) can reach a wider borrowing source to execute leveraged farming strategy
in a deeper capacity TVL growth, and so does the market cap, token price &
protocol fee Cross-chain is one of the forthcoming narratives Further evolution
of product enabling cross-chain yield farming & market-neutral strategy (i.e.
users can earn yield on other chains while they still stay with their favorite
one as the mother-chain) Voting Option 1 - vote FOR to support the proposal
Option 2 - vote AGAINST to say no Option 3 - vote ABSTAIN if you are unsure

FOR 1.1B veSINGLE
100%

AGAINST 0 veSINGLE
0%

ABSTAIN 0 veSINGLE
0%

1 年前 に終了しました - 1,132.71% quorum reached

0x9567...0C67
コア

終了


[SIP-3] PRIORITIZE TO SUPPORT NEW FARM VVS-FUL ON LEVERAGED YIELD FARMING AND
FUL ON LEND (CRONOS)

Summary This proposal is for supporting to prioritize the integration of VVS-FUL
farming pair in Leveraged Yield Farming with two-sided borrowing options of VVS
and/or FUL opened. Max leverage is 3x. High Level Fulcrom is a decentralized
perpetual exchange built on Cronos for traders, aiming to provide a sustainable
share of protocol revenue to $FUL token holders through a distribution plan that
includes a staking pool, Fulcrom treasury, and the Fulcrom liquidity pool
($FLP). $FUL is the native governance token of Fulcrom that can be staked within
the ecosystem to earn protocol rewards and revenue, including escrowed $FUL
($esFUL, time-lock version of FUL), Boost Points and $CRO. It will also have
future utility on the trading platform. Farm Analysis Currently, VVS-FUL pair is
listed on VVS only with total liquidity and staked liquidity of $514K and $390K
respectively (almost 80% of LP is staked via farm). The LPs are rewarded with
multiple yield in both VVS (63.21M per day) and FUL (44.44K per day), concluding
an APR on staked liquidity of 154%. After integration and support with 3x
leverage by Single Finance, farmers may choose to leverage their position in VVS
and/or FUL borrowings, enhancing the pre-interest farming yield (both trading
fee & DEX yield inclusive) to over 400%. The yield would be even higher with
auto-compounding features provided by Single Finance. Given the juicy yield
return and being one of the two major liquidity staking protocols on Cronos, it
is predicted that Single Finance is able to capture around $250k TVL on this
pair in long term. (Farm Ref: https://vvs.finance/farms/classic) #Benefit to
Single Finance and the stakeholders Single Finance and relevant stakeholders
will be benefited from (1) TVL growth, and so does market cap and token price;
(2) Increased demand on relevant lending vaults as well as the vault size; (3)
Extended exposure to the key protocol and their users in the ecosystem; (4) A
deeper liquidity pool to provide stable environment for yield farming enjoyment.
Voting Option 1 - vote YES to proceed in priority the leverage yield farming
integration Option 2 - vote NO to delay the proposed integration

YES 462M veSINGLE
100%

NO 0 veSINGLE
0%

1 年前 に終了しました - 462.21% quorum reached

0x9567...0C67
コア

終了


[SIP-2] INTEGRATE SINGLE FINANCE TO A NEW CHAIN

Summary In order to expand the product and features of Single Finance to a wider
range of users, including leveraged yield farming, pseudo market-neutral
strategy, AutoVault, etc., we are planning to integrate the protocol to a newly
supported chain. This proposal prioritizes the development of the two hottest L2
chains, Arbitrum or Optimism. High Level Both Arbitrum and Optimism are
rollup-based scaling solutions for Ethereum that bundle multiple transactions
together and submit them as a single batch to the mainnet, reducing congestion
and gas fees. They are well-known for their fast transaction speeds and low gas
fees, making them an attractive option for users and developers. Both chains
have attracted a large amount of TVLs, on-chain activities, and protocols
recently, and we believe that integrating with one of the hottest L2 ecosystems
is essential for Single's development. Comparison Analysis Chain TVL Arbitrum:
$2.2bil (rank #4) Optimism: $920mil (rank #6) No. of suitable Dexes for
integration with sizeable TVL Arbitrum: 3 to 4 Optimisim: 1 currently Total
liquidity of top 5 suitable farming pairs Arbitrum: $87mil Optimisim: $65mil
Weighted yield farming APR of top 5 pools Arbitrum: 29.76% Optimisim: 20.90%
Pros & Cons Arbitrum: higher TVL and volume, extendable, more farming pair
selection, will first support a traditional Dex for prompt integration Optimism:
relatively fewer choices for farming pair and Dex (have to wait), stable-pair
dominant, especially different types of wrapped ETH assets Voting Option 1 -
vote to prioritize the integration on Arbitrum Option 2 - vote to prioritize the
integration on Optimism Option 3 - abstain

Go to Arbitrum first, Single!! 596M veSINGLE
84.39%

Go to Optimism first, Single!! 9.7M veSINGLE
1.37%

I'm fine with both, Single!! 101M veSINGLE
14.24%

1 年前 に終了しました - 706.56% quorum reached

0x9567...0C67
コア

終了


[SIP-1] SUPPORT NEW FARM VVS-VNO ON LEVERAGED YIELD FARMING

#Summary This proposal is for supporting VVS-VNO farming pair in Leveraged Yield
Farming with two-sided borrowing options of VVS and/or VNO opened. Max leverage
is 3x. #High Level VNO is the native token of Veno Finance, which is a liquid
staking protocol where users can stake CRO and receive the auto-compounding,
yield-bearing receipt token LCRO. The LCRO token is designed to maximize
composability. Just by owning LCRO, users automatically accrue the CRO staking
yield value in the LCRO token; LCRO can thus be used freely across the Cronos
DeFi ecosystem. #Farm Analysis Currently, VVS-VNO pair is listed on VVS only
with total liquidity and staked liquidity of $650K and $315K respectively. The
LPs are rewarded with multiple yield in both VVS (74.86M per day) and VNO (5.56K
per day), concluding an APR on staked liquidity of 215%. After integration and
support with 3x leverage by Single Finance, farmers may choose to leverage their
position in VVS and/or VNO borrowings, enhancing the pre-interest farming yield
(both trading fee & DEX yield inclusive) to over 500%. The yield would be even
higher with auto-compounding features provided by Single Finance. Given the
juicy yield return and being one of the two major liquidity staking protocols on
Cronos, it is predicted that Single Finance is able to capture around $600k TVL
on this pair in long term. (Farm Ref: https://vvs.finance/farms/classic)
#Benefit to Single Finance and the stakeholders Single Finance and relevant
stakeholders will be benefited from (1) TVL growth, and so does market cap and
token price; (2) Increased demand on relevant lending vaults as well as the
vault size; (3) Extended exposure to the key protocol and their users in the
ecosystem; (4) A deeper liquidity pool to provide stable environment for yield
farming enjoyment. #Voting Option 1 - vote YES to proceed the leverage yield
farming integration Option 2 - vote NO to reject the proposed integration

YES 1.1B veSINGLE
99.01%

NO 11M veSINGLE
0.99%

2 年前 に終了しました - 1,079.93% quorum reached