Skip to content

Commit

Permalink
Update sip-375.md
Browse files Browse the repository at this point in the history
  • Loading branch information
dansnacks authored Apr 8, 2024
1 parent e484e7e commit 22e5e2e
Showing 1 changed file with 4 additions and 7 deletions.
11 changes: 4 additions & 7 deletions sip-375.md
Original file line number Diff line number Diff line change
@@ -1,6 +1,6 @@
---
sip: 375
title: List BOME-PERP, ETHFI-PERP, and PENDLE-PERP on Perps v3 on Base
title: List BOME-PERP and ETHFI-PERP on Perps v3 on Base
network: Base
status: Draft
type: Governance
Expand All @@ -10,11 +10,11 @@ created: 2024-04-07

## Simple Summary

List BOME-PERP, ETHFI-PERP, and PENDLE-PERP on Perps v3 on the Base network.
List BOME-PERP and ETHFI-PERP on Perps v3 on the Base network.

## Abstract

List BOME-PERP, ETHFI-PERP, and PENDLE-PERP markets on Perps v3 on the Base network, expanding the range of v3 markets to include three additional markets which have captured much attention and interest in the crypto ecosystem.
List BOME-PERP andETHFI-PERP markets on Perps v3 on the Base network, expanding the range of v3 markets to include two additional markets which have captured recent attention and interest in the crypto ecosystem.

## Motivation

Expand All @@ -24,14 +24,11 @@ BOME is a Solana memecoin which launched March 14 and became tradeable on Binanc

ETHFI is the governance token for Ether.Fi, a non-custodial liquid restaking protocol on Ethereum. The token launched on March 18 and was immediately tradeable on various centralized exchanges. As of April 6, it has $260M of 24H volume and $50M OI on Binance perps.

PENDLE is the governance token for Pendle Finance, a DeFi protocol that enables the tokenization and trading of future yield on Ethereum, which launched on April 27, 2021. PENDLE recently enabled high value markets for various yield-bearing and point-accruing opportunities, namely for various flavors of staked ETH and Ethena's USDe, which have captured much of the crypto ecosystem's attention. PENDLE-PERP is currently listed on Perps v2 on Optimism. As of April 6, it has $256M of 24H volume and $61M of OI on Binance.


## Specification

### Rationale

All three markets are currently in the top 20 highest volume perps markets on Binance. All three markets have extremely deep liquidity on both centralized and decentralized exchanges. BOME and ETHFI in particular are noticeably absent from competing perps exchanges. Listing these markets furthers the goal of making Perps v3 the best place to trade the assets that users want to trade, when they want to trade them.
Both markets are currently in the top 20 highest volume perps markets on Binance and have extremely deep liquidity on both centralized and decentralized exchanges. Both are noticeably absent from competing decentralized perps exchanges. Listing these markets furthers the goal of making Perps v3 the best place to trade the assets that users want to trade, when they want to trade them.

### Technical Specification

Expand Down

0 comments on commit 22e5e2e

Please sign in to comment.