Categories

• 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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  Sushiswap is becoming popular every day because of its unique features and facilities for investors. The rewards and the token distribution are very lucrative. The safety and security of the platform add to the benefit of the liquidity providers. You can stake multiple crypto assets here on this platform and earn interest on your holding like nowhere else. Having said that, this exchange has a long way to go, it is just a novice in the market and needs to work on itself to provide better facilities.
• Proposals

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

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  The v1.16.0 software upgrade for Switcheo TradeHub contains the following bugfixes: Bug Fixes Fix a possible panic when unlinking a liquidity pool that is already linked. Fix an edge case in futures markets where coins in order margin is not returned to the user's available balance after being killed. V1.16.0 Binary Checksum: sha256:df797357181bb07641108a4752fb45c18793e8f6212ace93e242b600a1be1b3e V1.16.0 Binary Download: Link
• Community Developers

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

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  Hello Switcheo - SWTH is now listed at CoinToStake .... https://www.cointostake.com/switcheo.php (https://cointostake.com/ - POS list, staking statistics, live data, monitoring, POS staking calculator, staking rewards). Best Regards CoinToStake team
• Staking Economics

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

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  Another solution will be to set a cap on the maximum allowable % tokens (say 10%) that can be staked with a Validator. Once the ceiling is reached delegators will not be able to delegate to that particular Validator and naturally delegate to other lower cap Validators. Thus, Tradehub will balance itself and eliminate the campaign by anybody to encourage delegators to delegate to lower % cap Validators and eliminate centralization of the voting power.
• New Markets

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

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  Hi guys, when creating a market, it's important to choose parameters such as maker and taker fees. It's great that Demex allows customisation of fees rather than flat fees for all pairs. I would like to propose to list TRU_BUSD with 0.02% taker fees and -0.01% maker fees for a 3-month promotional period. This means that stakers get the difference of 0.01%. The reasons are: We need new users to try out our platform, therefore we need a strong selling point to get them over. What better way than to say, come trade with almost no fees! The negative maker rebate will not be significant in attracting liquidity at the start - the rewards will form a significant portion of it. It's an experiment to see if reducing fees work to increase volumes. These fees will make us cheaper than Binance, which is a great selling point. I would like to propose that this promotional period will last for 3 months. After which, we will have another proposal for the community to vote whether to revert to the fee schedule of -0.05% maker and 0.1% taker. We will also monitor constantly and propose earlier if needed. Draft proposal: https://switcheo.org/governance/proposal/64?net=main
• Site Feedback

  Feedback on website design and functionality.

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  @SWTHLuke Would be awesome to have swth/btc or swth/usdt