Description: Non-stablecoin assets such as BTC, ETH, BNB, ASTR among others are basically the foundational assets for most yield generation throughout DeFi. Stable pools with similar assets have proven to be one of the best strategies since the launch of Curve.
Proposal: To provide the most liquid markets for Non-stablecoin assets like BTC, ETH, BNB and ASTR, Sirius finance should launch like-asset pools for these assets. They serve as a source of deep and dynamic liquidity and an infrastructure for yield farming strategies without the need for centralized exchanges. This will bolster composability and yield potential for BTC, ETH, BNB and ASTR products throughout Astar and the Polkadot ecosystems. After launching these pools, BTC, ETH, BNB and ASTR will have lower trading fees and lower slippage on Sirius Finance compared to other DEXs on Astar such as ArthSwap etc and also offer more yield farming opportunities for these asset holders to boost their earnings. The voting period for this proposal starts at 12 PM UTC Today (16th May, 2022) and ends on 18th May, 2022 at 00:00 AM UTC.