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SUMA - defi interest rate derivatives





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Next update : 1 month, 1 week ago | Last updated : 1 month, 1 week ago


{"ops":[{"attributes":{"bold":true},"insert":"Introducing SUMA - Secure with UMA"},{"attributes":{"header":2},"insert":"\n"},{"insert":"We are introducing the proposal to create SUMA assets - assets powered by UMA Protocol that track the real value of lending & borrowing rates for all DeFi platforms\n\nFor this grant, we are proposing to launch the following features and add-ons to what was built during ETHBoston:\n\nWork towards an oracle/framework to track interest rates on centralized platforms (connecting APIs from providers/historical feeds)"},{"attributes":{"list":"bullet"},"insert":"\n"},{"insert":"Analyze historical \"inversions\" or spreads between centralized and decentralized lending/borrowers"},{"attributes":{"list":"bullet"},"insert":"\n"},{"insert":"Create a classification/tagging of all the centralized/decentralized lending platforms and their parameters to better quantify a \"real rate\" that includes all the various factors"},{"attributes":{"list":"bullet"},"insert":"\n"},{"insert":"For example, an interest rate in which the collateral may also earn interest allows for additional \"real interest rate\", such as backing a CDP with cETH rather than ETH."},{"attributes":{"indent":1,"list":"bullet"},"insert":"\n"},{"insert":"Look into uniswap docs to see if we can get SUMA-style v1 assets issued and traded on a test Uniswap."},{"attributes":{"list":"bullet"},"insert":"\n"},{"insert":"\nFunds will be used to pay for AWS storage of some previous interest rate data and fund the development of the above goals.\n\nThanks for your support!\n"}]}

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