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• About Governance

  Informative and detailed overview on Switcheo TradeHub's governance and how to participate.

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  Overview of Governance Governance may sound formal and official as we are used to centralized governance. But what decentralized governance represents is a flow or process of continuously improving the Switcheo TradeHub protocol collectively. Why is decentralized governance fundamental to Switcheo TradeHub? In order for Switcheo to be truly censorship-resistant and permissionless, a distributed network of authority must exist to avoid centralized failure points, and to prevent a concentration of influence by a select few entities. By decentralizing governance, you will be empowered as a stakeholder to drive the growth of Switcheo TradeHub and implement the changes you wish to see on the protocol without undue restrictions. To organize all Switcheo stakeholders participating in governance, we have created a governance portal and social channels via the Switcheo Foundation forum and Switcheo Discord server, where you can discuss and exercise your governance rights. How does governance work? Governance on Switcheo TradeHub goes through 4 phases before the outcome of a proposed topic is enforced on-chain. The 4 phases are: Proposal → Voting → Results → Implementation The progression of a proposal through each stage is determined by a number criteria that determine if a proposal is passed or rejected. Proposal Phase Under Switcheo’s governance feature, any improvement or update to the blockchain’s protocol will be done via TradeHub Improvement Proposals (TIP). To bring forward a topic for voting, you will need to create a TIP on Switcheo TradeHub and acquire the minimum deposit amount of 10,000 SWTH to send the proposal into the Voting Stage. Anyone can contribute to this deposit amount. Tip: Before creating a TIP, we encourage you to put forth your ideas via the forum and discuss it on Discord. This will be useful as a gauge on whether the community is supportive of your proposal or not, and avoid potentially wasting your deposit. Before submitting a proposal on Switcheo TradeHub, learn more about how you can share your TIP ideas with the community, as well as how to properly propose your TIP in the walkthrough here. Voting Phase Once the proposal has reached the minimum deposit amount, it will automatically enter into the voting period which lasts for 2 days. While every community member has voting rights, your voting power or influence is determined by the amount of SWTH you staked on Switcheo TradeHub.The higher your stake, the bigger your voting power. After the 2 day voting period, results are tallied based on a few predetermined criteria. Results How are votes tallied? After the 2 day voting period, the voting results are recorded on-chain. In order for a proposal to pass, it must satisfy all of the following 3 criteria: Quorum: More than 33.4% of total staking power voted on a proposal For example, if the total staked SWTH is 600 million, it needs voting participation that makes up at least 200.4 million of the total amount staked Threshold: At least 50% of voters vote “Yes” on a proposal Veto: Less than 33.4% of voters vote “NowithVeto” The best case scenario is when the predetermined conditions are met and the proposal is passed. Details of scenarios where criteria is not met are explained using examples here. Implementation Proposals passed will be automatically implemented on the blockchain. The implementation process differs depending on the type of proposal. Implementation of proposals are final and irreversible (unless a new proposal is able to revert the change). Therefore, all changes proposed and voted on should be carefully weighed for maximum benefit to our ecosystem as a whole. If you’re going to vote, here’s a walkthrough on how to do so. If you’re going to make a proposal, here’s a walkthrough on how to do so.
• Ideas

  For discussion on innovative ideas and initiatives that you wish to bring to life on Switcheo TradeHub.

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  To broaden the reach of Switcheo and fully realize cross-chain DeFi, I believe that we need to push some boundaries and to get more eyes to the project. What better way to kick this off than offering a liquidity mining event that spans the Tradehub and Ethereum blockchains? This is just an idea but would like to hear what others or the team think might be possible with how this would work. There is a lot that is unknown to me and would love to learn from others and hear their ideas. Option 1 Switcheo token created on the Ethereum blockchain I believe the community could write this but the core Switcheo team would need to deploy, manage, and own this. Ideally this could even be a multisig key (Gnosis) or have a way to prove that assets will not be minted out of thin air, to avoid the potential for a rug pull. A Smart Contract would watch for the amount of Switcheo transferred from Tradehub -> Ethereum via the bridge and arrive in the users Ethereum wallet. We could bootstrap a Liquidity Pool (LP) Ideally this would be on Sushiswap or Uniswap but I am going to use Sushiswap for this example b/c there is a bit more upside that Uniswap does not offer. Apply for the Onsen Sushiswap rewards with Sushi, if granted it awards Sushi tokens to the LP's on Ethereum and can be claimed by each Ethereum user. Ideally we would have a couple of pools SWTH-ETH SWTH-wBTC SWTH-USDC Someone would need to fund the LP first, usually these are funded with ~50 ETH + the corresponding token but we could figure out what makes the most sense. Enhance LP incentives Once the pooled token (SLP) is minted the Ethereum user can choose to keep the token on Ethereum and earn Sushi or eventually lend it as collateral on Sushiswap. OR the user can transfer the SLP token back to Tradehub and stake on Tradehub When the user transfers back to Tradehub the Sushi being rewarded would be pooled to an Ethereum address that can be mass claimed and shipped over to Tradehub. Stake SLP or deposit SLP token into CDP platform to generate tokens that would be used to deepen liquidity on Tradehub pool and earn rewards. This would add ability to add deeper liquidity or make the synthetic pair tradeable (the SLP) The stakers could earn Switcheo on top of the Sushi being earned Sushi or Uni token created on Tradehub Depending on the route taken the corresponding token should be created on Tradehub When Sushi arrives on Tradehub, it gets distributed to the holders proportionally Optionally, there could be a smart contract that takes the Sushi rewards and automatically harvests rewards into xSushi to gain Sushi trading fees, adding extra APY to the mix. The rewards could be auto-compounded or just paid out once they cross the bridge to a Tradehub wallet. To unwind the tokens could be unstaked, debt repaid, and sent back through the bridge and on each respective chain. Here is a very rough visual representation of the idea: There are a couple of problems with this and some gaps that need to be filled, it's not clear to me how step 4 would actually work on Tradehub b/c it's not really a direct asset (SLP) but a synthetic that represents a claim to the LP pool on Sushiswap. It could be possible to mint collateral via a CDP on Tradehub but we have yet to see this functionality in action, at that point then the SLP token can mint an asset that could be staked or traded. Which leads me to…. Option 2 Instead of having the user do anything on Ethereum and bearing the burden of going across the Tradehub Ethereum bridge we could propose something that the user only has to touch on the Tradehub side of things. Much of the logic above still applies but this would to help solve the CDP problem of Step 4. Sushi or Uni token created on Tradehub The desired pool gets created on Tradehub SWTH-SUSHI SWTH-UNI Based on the pools we decide on we offer the ability to stake it into the Liquidity Mining program. Once the token is staked a smart contract can take that token pair and transfer it to the Ethereum blockchain Take ?half? the liquidity from the pool and send it to the Ethereum to earn Sushi or Uni rewards Once on the Ethereum blockchain a smart contract on this side will deposit into Sushi or Uni and manage the LP and rewards If the user wants to exit the smart contracts on each chain will execute the reverse process. I'm not sure if this is possible but hoping to hear from others, cheers!
• Proposals

  An open discussion for proposals that have been submitted to Switcheo TradeHub.

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  The v1.11.0 software upgrade for Switcheo TradeHub contains fixes for bugs found during further testing of futures trading and also removes potentially non-deterministic code which can cause consensus failure. This upgrade also fixes the off-chain volume query to use a rolling 24 hour period instead of a fixed clock period. The on-chain proposal will be submitted with the following flags to enable validators to auto-download the new binaries through cosmovisor: --info="{\"binaries\":{\"darwin/amd64\":\"https://github.com/Switcheo/tradehub/releases/download/v1.11.0/binaries-mainnet.zip?checksum=sha256:162f34529aa81e755dfc8849b43892b7fb44d094f149813eb40b87c765ac5cdc\",\"any\":\"https://github.com/Switcheo/tradehub/releases/download/v1.11.0/binaries-mainnet.zip?checksum=sha256:162f34529aa81e755dfc8849b43892b7fb44d094f149813eb40b87c765ac5cdc\"}}"
• Community Developers

  Developer discussion and proposals / progress reports for the Switcheo Development Fund (SDF).

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  @DREtheWanderer said in HummingBot: •Elaborate on key deliverables and specifications within your roadmap same. My suggestion atleast: Data Source & Order Book Tracker User Stream Tracker Market Connector Required Connector Configuration As referenced: https://docs.hummingbot.io/developer/tutorial/ Switcheo TradeHub Wallet Address Ideally this is a Validator that can act as escrow to help split funds until a multi-sig wallet is available. Maybe propose each at each key deliverable. No escrow needed.
• Staking Economics

  An open and collaborative space for the community to discuss matters relating to Switcheo TradeHub's staking economics.

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• New Markets

  Topics related to the creation of new financial markets and its surrounding parameters.

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  @Reiko great one, you are absolutely right and there is no way DeFi will or can be stopped, there are more and more new platforms evolve like Nash or Celsium Network, Switcheo is also joining this revolution very soon. We will see this financial transformation, it will happen soon
• Site Feedback

  Feedback on website design and functionality.

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  Thank you. I will let the developers know