MIP10c9-SP5 Proposal: Whitelist dYdX on ETHUSD Oracle

MIP10c9-SP#5: Subproposal to Whitelist dYdX for ETH/USD Oracle Access

Preamble

MIP10c9-SP#: 5
Author(s): Brendan Chou
Contributors:
Status: Formal Submission
Date Proposed: 2020-07-21
Date Ratified: <yyyy-mm-dd>

Disclaimer

MIP10 is meant to handle all of the Oracle related actions. Unfortunately MIP10 has inconsistencies and doesn’t conform to the monthly governance cadence that the Maker Improvement Proposal framework is built around. This has generated a backlog of Oracle proposals. While MIP10 is refactored to conform to the regular MIP process, Oracle proposals such as this one will utilize the more liberal weekly governance cycle. While strictly speaking this makes them not subproposals, they are included in the subproposal archive as a point of provenance to serve as a paper trail.

Specification

Introduction

The dYdX team plans to use the oracle in an ETH-USD Inverse Perpetual trading pair (https://github.com/dydxprotocol/perpetual). They are currently using the BTC-USD oracle for a BTC-USD Vanilla Perpetual (https://trade.dydx.exchange/perpetual/BTC-USDC) which has been live in production for months.

Oracle Name

ETH/USD

Customer(s)

dYdx - [email protected]

Whitelist

dYdX - 0x538038E526517680735568f9C5342c6E68bbDA12 - Medianizer

Requirements

For each customer address to be whitelisted:

Fee

In accordance with the Responsible Oracle Migration Proposal, fees are waived for the first year and determined by MKR Governance after that.

Changelog

  • reformatted into MIP10c9 format
  • answered the Requirements questions
2 Likes

Hi Brendan,

I’ve reformatted your post in the MIP10c9 format

Could you please be sure to answer the questions in the Requirements sections. They are required to enable the Oracle Team to do due diligence.

Thanks!

I’ve now updated the Requirements section

The Oracle Team has done the due diligence and verified the requirements of the whitelisting proposal. MIP10c9-SP5 will be included in a Polling Vote on Monday and if ratified will be included in Friday’s Executive Vote.

2 Likes