List 500 Synthetics directly on Spiritswap.

DEUS proposes the Spiritswap community to utilize DEUS technology to list 500+ synthetics directly via the Spiritswap frontend and share the trading revenue amongst holders.

The Proposal: Use DEUS contracts infrastructure and https://dsynths.com iFrame and Front-end technology to enable Spiritswap users to trade ~500+ synthetic SP500 stocks and ~30+ synthetic crypto assets directly on the Spiritswap website. Share the acquired Revenue with Spiritswap users through the Spiritswap multisig.

List of markets that will be added to Spiritswap immediately if this quorum passes: https://app.dsynths.com/markets

Host DEUS Synthetics on the Spiritswap front-end via dsynths.com iFrames.

add DEI to the Spiritswap router so that users can buy synthetics with ANY asset on Spiritswap

Incentivize our Pools DEUS/FTM + DEI/USDC on Spiritswap through Liquiddriver + Spirit

Share ⅔ of the Revenue acquired through Synthetics trading fees through Spiritswap front-end with the Spiritswap community.

DEUS will provide the developer resources to integrate the discussed upgrades to the Spiritswap system

Proposed spread settings for Spiritswap Synthetics would be:

0.3% on Stocks/Forex ->> 0.2% going to Spiritswap multisig

1% on Crypto ->> 0.666% going to Spiritswap multisig

If a quorum of this Proposal is reached, we will deploy with these values immediately.

Those spread levels can be changed anytime, through a proposal.

About DEUS synthetics - Abstract

DEUS is building to become the first Infrastructure provider that enables developers to build, hedge, and create derivatives and offer them to anyone in the crypto community without any restrictions and minimal effort. Our platform provides unlimited access to global markets.

DEI leverages fractionalized stablecoin technology to implement a highly scalable, algorithmic, on-chain money system to trade Synthetic assets.

The ultimate goal is to build out the infrastructure to provide bilateral derivatives OTC deals. At this point, it will be possible to create any derivatives on DEUS with any amount of leverage, even enabling Interest Rate Swaps, the most significant financial market on the planet.

The current state of derivatives in crypto leads developers who understand financial markets to learn how to operate under the limits of blockchain technology.

In the traditional finance world, you have no technical limits, but you have to operate under regulation limits.

Either way, there are limits, and DEUS is here to lower the entry bars for both worlds.

Read more about DEUS, https://docs.deus.finance.

DEUS’s V3 iteration involves a bilateral OTC derivatives platform, the details for this will be released in a White paper which is set to be released in February.

https://lafayettetabor.medium.com/deus-bilateral-agreements-6710f4f91122

Telegram Channel https://t.me/deusfinance

Discord https://discord.com/invite/xTTaBBAMgG

The current state of the DEUS Project

Collateralization All DEUS synthetic and derivative assets will always be traded against DEI, our protocol native fractional reserve stablecoin (fork of FRAX) that is partially backed by DEUS tokens and other trusted stablecoins.

Buying a synth, burns DEI. Selling a synth mints DEI.

Minting undercollateralized DEI creates an arbitrage opportunity to refill the minting pools. AMOs (automated market operators) take this arbitrage opportunity to rebalance the system.

To learn more about how the collateral of synthetic assets are managed read the Gitbook overview of the DEUS synchronizer. https://docs.deus.finance/synchronizer/overview

Oracles

We leveraged the MUON Network to build an oracle that uses on-demand live price feeds.

It collects data, creates a threshold signature, and pushes it via user transactions to the chain in under 500 milliseconds.

Users pay gas fees, so there is no need to collect payments for the oracle from users.

This architectural design is currently not possible with any other oracle.

For comparison:

• Chainlink has a vast price deviation of ~0.5%, enabling frontrunners.
• Band Protocol takes around 10-30 seconds to update a price.

Our oracles enabled dApps to host synthetics trading based on live price feeds with no deviation, no waiting for the price update, and no frontrunners.

Muon Oracle Docs: https://muon.gitbook.io/basics/use-cases-1/oracles-data-feeds

Link to muon network: https://muon.net

Muon Oracle speed comparison: https://www.youtube.com/watch?v=KzqZKxG7sds

Traditional financial Assets supported through the Oracle:

MUON Oracles currently use an open-source API that gives access to price feeds of around 50,000 Stocks directly queried on request from multiple open-source data. The infrastructure is highly customizable; it's possible to add ANY price feed. Muon oracles can provide cryptos, Stocks, Commodities data as live-price feeds on-chain https://github.com/muon-protocol/stock-api

Adding a new Synthetic to the Oracle Every Synthetic asset users want to trade on DEUS can be added in due time. After a proposal on https://snapshot.org/#/dea.eth, DEUS DAO will review the asset, and its risk will be categorized and then added to the protocol.

In v3, risk assessment is done via Market Makers and not DEUS itself, completely decentralizing the risk assessment process.

How does the protocol Generate Revenue?

In that sense, DEUS is very similar to native protocol tokens like ETH. Through Token price appreciation, value transposes into the DEUS ecosystem because the demand for synthetics trading needs to be satisfied by burning DEUS. It's very similar to how EIP-1559 introduced a burn on ethereum transactions. The only difference is that in DEUS, we don't have infrastructure transactions based on resources needed but financial transactions based on size and volume. A high volume of DEUS trading leads to a big burn on DEUS tokens transposing value from protocol users to protocol owners. With this system, we don't need to charge a fee directly on every trade but can open the possibility for every 3rd party front-end provider and market maker to create their fee structure around the DEUS protocol.

A fair economic system.

Front end providers One of our 3rd party front-end providers running on top of the DEUS Infrastructure is dSynths. If you want to check out how synths trading through DEUS feels, they are hosting ~500 Stocks and around ~30 Cryptos, as long and short positions.

Link: https://dsynths.com

3rd party provider spreads (fees) on Synthetics Trading:

Concise story: On every transaction, a spread is applied (fee). That spread flows into the contract to be claimed by the front-end providers multi-sig on every buy and sell. I propose to share this Revenue with Spiritswap ⅔, meaning that 0,666 of the volume coming from Spiritswap would be given to the Spiritswap multisig and given back to Spiritswap holders.

Read more about the upcoming DEUS V3 https://lafayettetabor.medium.com/deus-bilateral-agreements-6710f4f91122