WIP30:WePiggy 部署在 Moonriver 主网的具体方案 / WePiggy’s Specific Plan for Deploying on the Moonriver Mainnet

1 、前言

提案编号:WIP30
提案名称:WePiggy 部署在 Moonriver 主网的具体方案
提案作者:Core Devs
有关提案:WIP28、WIP29
替换提案:N/A

2 、摘要

本提案中,核心开发团队尝试提出 WePiggy 运行在 Moonriver 主网的具体方案,并对方案中的相关内容做了适当的解释,以尽可能阐明具体原因和动机。

3 、动机

登陆 Moonriver 主网是 WePiggy 多链部署计划的一部分,为了确保整个过程的透明性,让 WePiggy - Moonriver 协议获得社区更广泛的关注与支持,核心开发团队在正式上线前提出该方案。

4 、提案正文

Moonriver 是 Moonbeam 的先行网络。

登陆 Moonriver 主网,是 WePiggy 加入 Polkadot 生态的第一步,也是未来登陆 Moonbeam 主网的基础。

另外,登陆 Moonriver 主网对于 WePiggy 协议来说,可以获得来自 Moonriver 社区的流量支持,获得更大的影响力、用户基础和资金规模,提高行业知名度以及品牌价值。

具体方案

4.1 借贷协议

核心开发团队将按照 WIP13 所确定的多链部署计划的风险框架,以及 WIP29 所确定的流动性挖矿计划 V2,并根据 Moonriver 主网的实际情况,上线 Moonriver 主网所支持的各种优质资产,并设置 WPC 产出权重。

首发的借贷市场将包括:

1、USDC
2、USDT
3、DAI
4、BUSD
5、ETH
6、WBTC
7、BNB
8、MOVR

WePiggy - Moonriver 风险评估框架,详见:https://www.yuque.com/zgryhn/yboxrg/feul1k

4.2 在 Moonriver 主网上线 MOVR 代币风险评估

4.2.1 基本信息

1 ) 名称:MOVR
2 ) 合约信息:不适用
3 ) 审计报告:不适用
4 ) 项目介绍:

作为一个去中心化的智能合约平台,Moonriver 需要发行实用性代币让生态有效运转。

实用性代币对 Moonriver 整体设计的重要组成部分,是保持 Moonriver 运转的基本功能。Moonriver 实用性代币的用途包括:

  • 支付智能合约执行的Gas费;

  • 协作者(Collator)的经济激励,作为去中心化节点基础架构平台运行的燃料;

  • 促进链上治理机制,包含公投提案、理事会成员选举、投票等;

  • 用于支付网络交易费用。

4.2.2 风险水平概述

1) 智能合约风险 ----分数:7 评级:B-

a. 上线天数:155

b. 转账笔数:9,663,981

2) 对手方风险 ----平均分:9 平均评级:B+

a. 许可:无需许可 分数:9 评级:B+

b. 持币地址: 310,812 分数:9 评级:B+

3) 市场风险 ----平均分:7 平均评级:B-

a. 市值:$789,038,248 分数:9 评级:B+

b. 平均交易量 分数:6 评级:C+

1W 1M 3M 6M 1Y
$53,421,020 $57,679,286 $40,569,581 $41,214,371 $41,214,371

c. 价格波动 分数:4 评级:C-

1W 1M 3M 6M 1Y
0.063336977 0.068561277 0.094269612 0.094269612 0.094269612

总评级: B

4) 其它说明(选填):

4.2.3 建议的风险参数设置

资产 U kink R 0 R 1 R 2 准备金率 质押率 借款上限 存款上限
MOVR 80% 2% 28% 120% 25% 0% 49,091

注:

1 . Moonriver 上线之初,MOVR 价格尚不稳定,为了协议安全考虑,先暂不允许其作为质押物使用。
2 . Chainlink 上线 MOVR 喂价服务之后,将根据实际情况调整其质押率,至多到 50%。

存款/借款 APY 曲线:

4.2.4 建议的经济激励

存/借款挖矿
是否启动:是

4.3 流动性挖矿计划

4.3.1 执行 WIP28 提案中,部分内容:降低 WPC 的产出速率

提案内容回顾:WIP28:更新 WPC 智能合约以实现 WPC 面额拆分 1000 倍,在以太坊上支持 WPC 一键领取,以及降低 WPC 的产出速率 / Upgrade WPC Smart Contract to Realize WPC Token Split of 1000x, Support WPC One-Click Claim on Ethereum, and Reduce WPC Distribution Speed

要点:

1、 WPC 智能合约更新后第一个 4 年的释放速率应为:0.28 WPC / 区块,相较目前的速率,大约减产 70%

2、 若按照 WPC 拆分 1000 倍后的实际速率为:0.28 x 1000 = 280 WPC/区块**(本提案不涉及拆分执行)。**

4.3.2 执行 WIP29:启用流动性挖矿计划V2

提案内容回顾:WIP29:流动性挖矿方案 V2 / Liquidity Mining Program V2

要点:

1、调整目前以太坊主网挖矿逻辑

修改以太坊主网目前使用的 pToken 存币挖矿逻辑,采用与其它网络一致的存款和借款挖矿机制,无需质押 pToken 即可获得 WPC。

2、终止空投池产生新的 WPC

3、定期按照各链上的协议存款总规模占比分配 WPC 产量

4、定期调整每条链上的协议内各资产之间的 WPC 分配速率

4.3.3 WePiggy 登陆 Moonriver 后的激励机制

核心开发团队认为,登陆每个新公链或网络的第一周,为了尽可能吸收新用户和资产,给予更多的激励是有必要的。

以登陆 Moonriver 为例,我们建议采用以下方案:

1、新链的激励来自于多链部署计划的 WPC 分配,其分配权重为各链的平均值。

举例来说,登陆 Moonriver 之前,多链部署计划内部占比应调整为:

链名称 各链每日存款市场总规模 多链部署计划内部占比
OEC $16,281,945.56 32.63%
BSC $10,478,123.81 21.00%
Polygon $2,707,835.75 5.43%
HECO $2,563,109.38 5.14%
Arbitrum $12,210,945.73 24.47%
Optimism $5,651,104.03 11.33%
总计 $49,893,064.26 100.00%
平均值 $8,315,510.71

***以上数据为,2021/12/1 的数据

登陆 Moonriver 后, 多链部署计划内部占比应调整为:

链名称 各链每日存款市场总规模 多链部署计划内部占比
OEC $16,281,945.56 27.97%
BSC $10,478,123.81 18.00%
Polygon $2,707,835.75 4.65%
HECO $2,563,109.38 4.40%
Arbitrum $12,210,945.73 20.98%
Optimism $5,651,104.03 9.71%
Moonriver $8,315,510.71 14.29%
总计 $58,208,574.97 100.00%

2、新链上,各资产的激励分配,同样基于稳定币:其它资产 = 8:2 的比例,同类型资产内部的分配权重,应充分考虑各资产链上的市值规模以及其本身的资产评级。

举例来说:

资产类型 Moonriver 链上市值 修正后权重 同资产类型内部占比 资产类型系数 WPC市场分配占比
USDC 稳定币 $103,057,908 $103,057,908 58.20% 80.00% 46.56%
USDT 稳定币 $31,040,942 $31,040,942 17.53% 80.00% 14.02%
DAI 稳定币 $19,696,340 $19,696,340 11.12% 80.00% 8.90%
BUSD 稳定币 $23,290,378 $23,290,378 13.15% 80.00% 10.52%
小计 $177,085,568 100% 80%
ETH 其它 $41,198,888 $41,198,888 41.35% 20.00% 8.27%
WBTC 其它 $7,198,590 $7,198,590 7.22% 20.00% 1.44%
MOVR 其它 $690,017,606 $41,198,888 41.35% 20.00% 8.27%
BNB 其它 $10,047,546 $10,047,546 10.08% 20.00% 2.02%
小计 $99,643,912 100% 20%

*** MOVR 是 Moonriver 上的 gas 币,因此其市值规模在 Moonriver 链上较大,但因其本身的资产评级较低,核心开发团队建议,设置其初始权重与 ETH 相同。

3、下次常规调整时,Moonriver 与其它多链部署计划中的各网络相同,都将根据流动性挖矿计划V2的方案进行调整。

5. 选项

1、支持此方案
2、反对此方案

--------In English----------

WIP30: WePiggy’s Specific Plan for Deploying on the Moonriver Mainnet

1. Preamble

Proposal Number: WIP30
Proposal Title: WePiggy’s Specific Plan for Deploying on the Moonriver Mainnet
Proposal Author(s): Core Devs
Related Proposals / Dependencies: WIP28, WIP29
Replacement Proposal / Replaces: N/A

2. Abstract

In this proposal, the core development team proposes a specific plan for WePiggy to be deployed on the Moonriver mainnet, and makes appropriate explanations to the relevant content to clarify the specific reasons and motivations as much as possible.

3. Motivation

The launch on the Moonriver mainnet is part of the WePiggy multi-chain deployment plan. In order to ensure the transparency of the entire process and allow the WePiggy-Moonriver protocol to gain wider attention and support from the community, the core development team proposed this plan before it is officially launched.

4. Specification

Moonriver is a companion network to Moonbeam and provides a permanently incentivized canary network.

Launching on to the Moonriver mainnet is the first step for WePiggy to join the Polkadot ecosystem, and it is also the basis for launching on to the Moonbeam mainnet in the future.

In addition, the launch on the Moonriver mainnet can undoubtedly get traffic support from the Moonriver/Moonbeam community, gain greater influence, user base and capital scale, and increase WePiggy’s industry reputation and brand value.

WePiggy Specific Plan on Moonriver Mainnet

4.1 Lending Protocol

The core development team will follow the risk framework of the multi-chain deployment plan determined by WIP13 and the liquidity mining program V2 determined WIP29, according to the actual situation of the Moonriver mainnet, launch various high-quality assets supported by the Moonriver mainnet, and set WPC distribution weights.

The initial lending market will include:

1 USDC
2 USDT
3 DAI
4 BUSD
5 ETH
6 WBTC
7 BNB
8 MOVR

More details about WePiggy - Moonriver risk assessment framework, please kindly check: https://www.yuque.com/zgryhn/yboxrg/mo1c8r

4.2 Risk Assessment for MOVR

4.2.1 Basic Information

1 ) Project Name: MOVR
2 ) Contract Address: N/A
3 ) Audit Report: N/A
4 ) Project Introduction:

As a decentralized smart contract platform, Moonriver requires the MOVR token to function.

Some of the uses of the MOVR token on Moonriver include:

  • Supporting the gas metering of smart contract execution

  • Incentivizing collators and powering the mechanics around the creation of a decentralized node infrastructure on which the platform can run

  • Facilitating the on-chain governance mechanism including proposing referenda, electing council members, voting, etc

  • Paying for transaction fees on the network

4.2.2 Asset Risk Overview

1) Smart Contract Risk Score: 7 Rating: B-

a. Days: 155

b. Transaction: 9,663,981

2) Counter-party Risk Avg. Score: 9 Avg. Rating: B+

a. Permission: Permissionless Score: 9 Rating: B+

b. Holders: 310,812 Score: 9 Rating: B+

3) Market Risk Avg. Score: 7 Avg. Rating: B-

a. Market Capitalization: $789,038,248 Score: 9 Rating: B+

b. Volume: Score: 6 Rating: C+

1W 1M 3M 6M 1Y
$53,421,020 $57,679,286 $40,569,581 $41,214,371 $41,214,371

c. Volatility: Score: 4 Rating: C-

1W 1M 3M 6M 1Y
0.063336977 0.068561277 0.094269612 0.094269612 0.094269612

Overall Rating: B

4) Remark (Optional):

N/A

4.2.3 Recommended Risk Parameters Setting

Name U kink R 0 R 1 R 2 Reserve Factor LTV Borrow Cap Deposit Cap
MOVR 80% 2% 28% 120% 25% 0% None 49,091

Notes.

1 . At the early stage of WePiggy’s lauching on Moonriver mainnet, the price of MOVR is still unstable, to ensure the security of the protocol, MOVR would not be able to be used as collateral.

2 . After Chainlink’s price feed of MOVR is ready, the LTV ratio will be adjusted to a maximum of 50% according to the actual situation.

Deposit/Borrow APY:

4.2.4 Recommended Economic Incentives

Deposit/Borrowing Mining

ON or OFF? ON

4.3 Liquidity Mining

4.3.1 Implement Part of the WIP28 Proposal: Reduce WPC Distribution Speed

WIP28 review: WIP28:更新 WPC 智能合约以实现 WPC 面额拆分 1000 倍,在以太坊上支持 WPC 一键领取,以及降低 WPC 的产出速率 / Upgrade WPC Smart Contract to Realize WPC Token Split of 1000x, Support WPC One-Click Claim on Ethereum, and Reduce WPC Distribution Speed

Key points:
1. After the WPC smart contract upgraded, the distribution speed in the first 4 years is approx 0.28 WPC/block , compared with the current distribution speed, reduced by about 70% .

2. The actual distribution speed of WPC after splitting is 0.28 x 1000 = 280 WPC/block (this proposal does not involve the implementation of the token split) .

4.3.2 Implement the WIP29 Proposal: Liquidity Mining Program V2

WIP29 review: WIP29:流动性挖矿方案 V2 / Liquidity Mining Program V2

Key points:
1. Upgrade the Current Mining Logic on Ethereum Mainnet
Change the pToken deposit mining logic currently used on Etheruem mainnet, switch to the deposit/borrow mining mechanism consistent with other networks, that is, deposit mining can be realized without staking pToken.

2. Terminate the WPC distribution from the airdrop pool

3. Periodically adjust WPC distribution speed according to the proportion of the total deposit market size on each chain

4. Periodically adjust the WPC distribution speed between assets in the protocol on each chain

4.3.3 Incentives for WePiggy’s launching on Moonriver

WePiggy core development team believes that it is necessary to give more incentives during the first week of the launching on a new network to attract as many new users and assets as possible.

In the case of Moonriver, we suggest the following solution:

1. The incentive for the new network comes from the WPC distribution of the multi-chain deployment plan, where the new network’s distribution weight is the summed average of the other chains.

For example, before the launching on Moonriver, the internal share of the multi-chain deployment plan should be adjusted to:

Chain Name Daily Avg. of the Deposit Market Size Proportion in Multi-Chain
OEC $16,281,945.56 32.63%
BSC $10,478,123.81 21.00%
Polygon $2,707,835.75 5.43%
HECO $2,563,109.38 5.14%
Arbitrum $12,210,945.73 24.47%
Optimism $5,651,104.03 11.33%
In Total $49,893,064.26 100.00%
Average $8,315,510.71

***The above data is for 2021/12/1

After the launching on Moonriver, the internal share of the multi-chain deployment plan should be adjusted to:

Chain Name Daily Avg. of the Deposit Market Size Proportion in Multi-Chain
OEC $16,281,945.56 27.97%
BSC $10,478,123.81 18.00%
Polygon $2,707,835.75 4.65%
HECO $2,563,109.38 4.40%
Arbitrum $12,210,945.73 20.98%
Optimism $5,651,104.03 9.71%
Moonriver $8,315,510.71 14.29%
In Total $58,208,574.97 100.00%

2. The new network’s incentive distribution for different asset types are also based on the basic rules below:

WPC distribution proportion for stablecoin assets: ~80%
WPC distribution proportion for other assets: ~20%

Among the same type of assets, the WPC distribution speed of each asset is according to the proportion of each asset’s market capitalization on the new network, and its risk rating.

For example:

Asset Market Cap on Moonriver Corrected weight Internal Proportion Asset Type Factor Distribution Proportion
USDC Stablecoin $103,057,908 $103,057,908 58.20% 80.00% 46.56%
USDT Stablecoin $31,040,942 $31,040,942 17.53% 80.00% 14.02%
DAI Stablecoin $19,696,340 $19,696,340 11.12% 80.00% 8.90%
BUSD Stablecoin $23,290,378 $23,290,378 13.15% 80.00% 10.52%
Subtotal $177,085,568 100% 80%
ETH Others $41,198,888 $41,198,888 41.35% 20.00% 8.27%
WBTC Others $7,198,590 $7,198,590 7.22% 20.00% 1.44%
MOVR Others $690,017,606 $41,198,888 41.35% 20.00% 8.27%
BNB Others $10,047,546 $10,047,546 10.08% 20.00% 2.02%
Subtotal $99,643,912 100% 20%

***MOVR is the gas token for the Moonriver mainnet, so its market capitalization is large on the Moonriver mainnet, but because of its low asset rating, the core development team recommends that its initial weight be set the same as ETH.

3. For the next regular adjustment, Moonriver will be adjusted in the same way as the other networks in the multi-chain deployment plan, according to the Liquidity Mining Program V2.

5. Option

Option 1: For this plan
Option 2: Against this plan

1 Like

哇塞,真是上币,多链推进,两手抓,两手都要硬啊?!牛啊!

这应该也算是 WIP29 的一个补丁吧,方案还是挺合理的,新链如果没奖励确实不好,给一个平均水平的奖励上线,影响最大的感觉应该还是表现差的链。

另外,这次改动,应该是直接减产了,挖矿不易啊,趁现在赶紧多挖一点吧,熊弟们。

1 Like

多链推进,多多开疆拓土,小猪棒棒哒

I support this proposal. :white_check_mark:

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