Proposal Details

Proposal #163

Passed

Proposal title

NTRN Price Feed Migration - Neutron Outpost

Submit time

Deposit end time

Voting start time

Voting end time

Tally result

99.84%

Proposal #163 description


mrc: 70 title: NTRN Price Feed Migration - Neutron Outpost authors: Delphi Labs forum-url: https://forum.marsprotocol.io/t/1152

Summary

The objective of this proposal is to migrate from the current TWAP-based NTRN oracle implementation to a standard Pyth price feed.

Motivation

Currently the NTRN price feed is calculated as follows:

NTRN/USD = NTRN/ATOM (TWAP) * ATOM/USD (Pyth)

Where:

  • NTRN/ATOM uses a 30 minute geometric mean TWAP from the NTRN/ATOM XYK pool on Astroport.
  • ATOM/USD is the ATOM Pyth price feed.

Since the NTRN feed is now available from Pyth, we propose to migrate to a standard Pyth feed as follows:

NTRN/USD = NTRN/USD (Pyth)

This migration has the following advantages:

  1. It’s simpler, as it doesn’t require a custom price feed composed of a TWAP and a Pyth feed.
  2. It’s potentially more robust, as now the price incorporates information from many sources, including several CEXes, while previously it only depended on the Astroport XYK pool.
  3. It helps with standardization, as most of Mars prices are standard Pyth price feeds.

Risks

As stated before, we believe this migration potentially improves the robustness of the feed. However, if anything negative were to happen specifically to the NTRN/USD Pyth price feed, such as bugs or manipulation, the protocol could be exposed to negative outcomes.

Implementation

This is a signaling proposal, not an executable proposal.

The Mars smart contracts on the Neutron chains are currently controlled by the Builder Multisig address. If this proposal passes, the builders will utilize their multisig to make the necessary parameter changes.

Copyright

Copyright and related rights waived via CC0.

Disclaimers/Disclosures

This proposal is being made by Delphi Labs Ltd., a British Virgin Islands limited company. Delphi Labs engages in incubation, investment, research and development relevant to multiple ecosystems and protocols, including the Mars Protocol. Delphi Labs and certain of its service providers and equity holders own MARS tokens and have financial interests related to this proposal. Additionally, Delphi Labs is one of several entities associated with one another under the “Delphi Digital” brand. Delphi Digital’s associated entities and/or equityholders or service providers of such entities may hold MARS and may have financial interests related to this proposal. All such entities, service providers, equity holders and other related persons may also have financial interests in complementary or competing projects or ecosystems, entities or tokens, including Neutron/NTRN, Cosmos/ATOM and PYTH. These statements are intended to disclose relevant facts and to help identify potential conflicts of interest, and should not be misconstrued as a complete description of all relevant interests or conflicts of interests; nor should they be construed as a recommendation to purchase or acquire any token or security.

This proposal is also subject to and qualified by the Mars Disclaimers/Disclosures. Delphi Labs may lack access to all relevant facts or may have failed to give appropriate weighting to available facts. Delphi Labs is not making any representation, warranty or guarantee regarding the accuracy or completeness of the statements herein, and Delphi Labs shall have no liability in the event of losses or damages ensuing from approval or rejection or other handling of the proposal. Each user and voter should undertake their own research and make their own independent interpretation and analysis of all relevant facts and issues to arrive at their own personal determinations of how to vote on the proposal.

Proposal #163 overview

Total votes
545
Voters
543
Total deposit
5,000 MARS

Proposal #163 votes

#

Validator

Account Address

Options
1CrosnestYes
2Chorus OneYes
3black lodgeYes
4Frens (🤝,🤝)Yes
5ECO Stake 🌱Yes
6TessellatedYes
7Smart Stake 📈📊Yes
8Golden Ratio StakingYes
9PFC - The Panamanian Flower CompanyYes
10Coinage x DAICYes
11ForboleYes
12StakecitoYes
13Mewn Man EUYes
14Stake&Relax 🦥Yes
15CosmosPug 🍒Yes
16Staking4AllYes
17Crypto Lion 🦁Yes
18SCV-SecurityYes
19Nuxian-LabsYes
20Oni ⛩️Yes
21✅ CryptoCrew Validators #IBCgangYes
22KeplrYes
23Swiss StakingYes
24Orbital CommandYes
25Staker SpaceYes
26Imperator.coYes
27CosmosMan | AiC DAOYes
284719Yes
29CosmostationYes
30P2P.ORG ValidatorYes
310base.vcYes
32CoinwikiYes
33genznodesYes
34polkachu.comYes
35Synergy NodesYes
36in3s.comYes

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