Test futures with a public userbase, collect feedback on dapp and contracts, observe system in production (including debt pool, funding rate mechanism, frontrunning, etc).
Objectives:
UX and dapp feedback improvements
Is the product being used as it was designed
Can it be frontrunned ?
Debt pool impact.
Liquidation system and liquidation bot is working?
How instantaneous funding rate affects the system?
Tools that we would need to observe system in production?
Tasks:
[x] Deploy (contracts, keepers, dapp). Deployment will be from kovan-ovm-futures, and an audit will likely come later from Iosiro.
[x] Plan sUSD faucet. (Jeremy - Kwenta)
[x] Add alerts for liquidation bot
[x] Make sUSD non-transferrable
[x] Blog post - Guide (Afif / Andrew).
[x] Announce in Discord.
[x] Collect feedback.
To derisk:
[x] Incentivised testnet design. What is the incentive, what does it look like? e.g. Lyra trading competition
Issues:
[x] Mitigate frontrunning. We need a frontrunning bot that captures arbitrage profit (stemming from the order confirmation delays thread).
[ ] Price impact formula (alternative to the frontrunning bot). Afif's price impact formula should increase the cost such that frontrunning is unprofitable. It's currently a draft SIP, though worth keeping aware of.
Motivation
Objectives:
Tasks:
To derisk:
Issues: