Expedite Listing of $SUSHI to Entice More Volume on Arbitrum

1

Previously, for the Arbitrum deploy, it has been proposed that SUSHI (along with a few others) be whitelisted, and it was approved in a governance vote.

SUSHI has decent volume across centralized and decentralized exchanges great for swaps/partnered aggregators, and the token experiences a generous price range suitable for leverage trading. So our traders would win.

SUSHI is actively developed and has some key rollouts in its roadmaps that align with the L2/sidechain boom. It has generally sound and widely recognized LTV (Long Term Value) prospects, just as competitor to Uniswap. GLP Investors, who are long-biased, would also win.

This might be of interest for Avalanche GLP as well, although you donā€™t often want to fix that which isnā€™t broke.

What do fellow community members think?

Additionally, should Avalanche GLP grandfather the Chainlink-relevant assets that Arbitrum GLP previously whitelisted?

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2

Possible for very small percentage. Like 0.5-1% of GLP pool, along with limit on shorting

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3

Iā€™m in favor of adding SUSHI to GLP, possibly 1-2%

4

Makes sense, I think we could collect the listing suggestions and have a combined vote on this in the next few weeks

5

that would be great.

6

On this one point, I would strongly disagree.

Each asset on each chain should be treated as a separate token from a risk perspective. Whilst representing the same thing, it will have a different volume and liquidity profile on each chain, affecting how effective arbitrage is at keeping itā€™s ā€˜pegā€™ and how likely it is to materially deviate from the global oracle price, and itā€™s risk depends on how itā€™s wrapped and the exploit & counterparty risk that may introduce (e.g. from a bridged version of a token).

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7

great points, and upon review iā€™d agree with this generally

8

Greatļ¼I quite aggree with you !