WIP12:WePiggy 部署在BSC 主网的具体方案

1 、前言

提案编号:WIP12
提案名称:WePiggy 部署在 BSC 主网的具体方案
提案作者:Core Devs
有关提案:WIP9
替换提案:N/A

2 、摘要

本提案中,核心开发团队尝试提出 WePiggy 部署在 BSC 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

根据 WIP9,WePiggy 将在不久的将来登陆 BSC 主网,为了确保整个过程的透明性,让 WePiggy - BSC 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。

同时,为了更好地保护用户资产安全,保护整个协议的系统性安全,核心开发团队认为应该对 CAKE 代币,设置一个相对安全、合理的存款上限。

4 、提案正文

WePiggy 将根据 WIP9,从 OKExChain 开始,逐步部署在各个公链和二层网络。

BSC 是目前相对成熟并受到广泛认可的公链,登录 BSC 主网对于 WePiggy 协议来说,可以获得更大的影响力以及用户基础。

具体方案

4.1 借贷协议

核心开发团队将在 WePiggy 协议部署之初,参考以太坊网络上已经形成的风险评估框架以及业内公认的市值排名,在借贷市场中上线 BSC 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、BUSD
2、USDC
3、USDT
4、DAI
5、ETH
6、BTCB
7、BNB
8、DOT
9、UNI
10、CAKE

4.2 为 CAKE 设置存款上限

一方面,CAKE 是 BSC 最大的 DEX - PancakeSwap 的代币,其在 BSC 主网中具备极大的流动性。另一方面,CAKE 在其它主流交易所、公链上的交易流动性不够充足,具有一定的单点风险。

如果 CAKE 的币价被大幅度拉升,并且没有对 CAKE 借贷市场设置存款上限,就有可能掏空借贷市场中的其它资产。更严重的是,当市场行情剧烈波动,造成其交易流动性迅速枯竭,短期内大量 CAKE 无法被清算,最终将导致 借贷协议资不抵债。

核心开发团队认为,从对用户资产负责的角度出发,应将它的初期贷款市场规模谨慎控制在 1000 万美金以内,按照 25 USD/CAKE 的估值,设置 CAKE 的存款上限为 400,000 CAKE。

随着整个 WePiggy - BSC 协议市场总规模的扩大,以及 PancakeSwap 被更多的加密社区和交易所接受,其存款上限可以通过提案和投票方式进行调整。

4.3 流动性挖矿计划

WePiggy 协议在 BSC 上线之后的前 3 天为观察期,观察期内 WPC 分配速率大概为整个跨链生态激励池的一半:2073.6 / 2=1036.8 WPC/天

** 2073.6 WPC/天,为当前整个【跨链生态激励池】的 WPC 总释放速率

观察期之后,若 TVL 显著低于以太坊主网,则会根据具体情况调整分配速率。

BSC 网络 WePiggy 协议的挖矿逻辑与 OKExChain 相同,无需再将 pToken 存入相应矿池。

存款和借款挖矿的 WPC 释放速率相同。各个借贷市场的产出权重,后续将会根据具体情况调整。

4.4 治理模块

WePiggy 协议上线 BSC 之初,暂不具备社区治理的基础设施。

核心开发团队将在此期间,参考以太坊网络的治理经验,对协议的各项参数进行初始设置和调整,并同步公示相关信息。相关的重大决策仍然将在以太坊网络上采用论坛和 Snapshot 进行投票表决。

5. 选项

1、支持此方案
2、反对此方案

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

WIP12: WePiggy’s Specific Plan for Deploying on the BSC Mainnet

1. Preamble

Proposal Number: WIP12
Proposal Title: WePiggy’s Specific Plan for Deploying on the BSC Mainnet
Proposal Author(s): Core Devs
Related Proposals / Dependencies: WIP9
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 BSC mainnet, and makes appropriate explanations to the relevant content to clarify the specific reasons and motivations as much as possible.

3. Motivation

According to WIP9, WePiggy will launch on the BSC mainnet in the near future. In order to ensure the transparency of the entire process and allow the WePiggy-BSC protocol to gain wider attention and support from the community, the core development team proposed this plan before it is officially launched.

At the same time, in order to better protect the security of user assets and protect the systemic security of the entire protocol, the core development team believes that a relatively safe and reasonable deposit cap should be set for CAKE tokens.

4. Specification

According to WIP9, WePiggy will start with OKExChain and gradually deploy on various public chains and Layer 2 networks.

BSC is currently a relatively mature and widely recognized public chain. For the WePiggy protocol, the official launch on the BSC mainnet can gain greater influence and user base.

WePiggy’s Specific Plan on BSC

4.1 Lending Protocol

At the beginning of the deployment of the WePiggy - BSC protocol, the core development team will refer to the risk assessment framework that has been formed on the Ethereum network and the market capitalization rankings, list various high-quality assets supported by BSC in the lending market, and set different weights of WPC distribution speed for each asset.

The initial lending market will include:

1 . BUSD
2 . USDC
3 . USDT
4 . DAI
5 . ETH
6 . BTCB
7 . BNB
8 . DOT
9 . UNI
10 . CAKE

4.2 Set a Deposit Cap for Cake

On the one hand, CAKE is the token of BSC’s largest DEX - PancakeSwap, which has great liquidity in the BSC mainnet. On the other hand, CAKE’s trading liquidity on other mainstream exchanges and public chains is not sufficient, and may have a certain single point of failure risk.

If the price of CAKE’s currency is greatly increased, and there is no deposit cap on the CAKE lending market, it would drain other assets in the lending market. What’s more serious is that when market conditions fluctuate drastically, causing its trading liquidity to quickly dry up, a large number of CAKE cannot be liquidated in the short term, which will eventually lead to insolvency of the lending protocol

The core development team believes that from the perspective of being responsible for user assets, its initial loan market size should be carefully controlled within 10 million U.S. dollars. According to the valuation of 25 USD/CAKE, the upper limit of CAKE deposits should be set at 400,000 CAKE.

The core development team believes that from the standpoint of being responsible for user assets, the initial lending market size should be carefully controlled within 10 million U.S. dollars, and the deposit cap of CAKE should be set at 400,000 CAKE based on the valuation of 25 USD/CAKE.

As the total scale of the entire WePiggy-BSC protocol market expands, and PancakeSwap is accepted by more crypto communities and exchanges, its deposit cap can be adjusted through proposals and voting.

4.3 Liquidity Mining

There is a 3-day observation period after WePiggy’s launch on BSC, in this period, the total distribution speed = 2073.6 / 2=1036.8 WPC/Day.

*** 2073.6 WPC/Day, which is the current total WPC release speed of the entire [cross-chain ecological incentive pool] .

After the 3-day observation period, if the TVL on BSC is significantly lower than the Ethereum mainnet, the distribution speed will be adjusted according to the specific situation.

The mining logic of the WePiggy protocol on the BSC network is the same as OKExChain, and there is no need to deposit pToken in the corresponding mining pool.

The WPC distribution speed of deposit and borrowing mining is the same. The distribution weight of each lending market will be adjusted according to specific conditions.

4.4 Governance Module

When the WePiggy protocol was launched on BSC mainnet, there was no infrastructure for community governance.

During this period, the core development team will refer to the governance experience of the Ethereum network to set and adjust various parameters of the protocol, and simultaneously publicize relevant information.

Related major decisions still need to be discussed in the governance forum and voted through the Snapshot on the Ethereum network.

5. Option

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

2 Likes

之所以限制CAKE的最大存币量,主要是为了预防类似Venus的XVS的情况:大庄在币安上强行拉升CAKE价格,然后巨量质押,借出其他资产,导致整个协议被掏空。

我们对风险的控制始终是第一位的。

2 Likes

期待小猪来BSC教币安傻儿子Venus怎么玩借贷,来个弯道超车!
Venus菲律宾猴子团队太不给力,老是出现神操作。这是给小猪的机会。
币安的两个重点项目(Swipe、Venus)都被猴子玩出屎,对长久持币者一点也不友好。
Venus身为BSC头部借贷项目基础设施老是出事对币安对BSC的声誉打击不小。

2 Likes

根本原因就是Venus引入自己的XVS币对协议来说是有风险的,带来的资金不大,抽走资金的可能性却很大。只所以上XVS,主要是想强行给自己的币一个支撑,治理那一套,凭借他们可怜的智商根本也不会玩,这个币没有任何卵用。最可怕的是,他们居然舔着脸给XVS设置80%的质押率,这明着就是要最大限度地用自己地垃圾币去抢用户地钱,这一套下来跟rug pull有什么区别。

CAKE跟XVS还是有极大不同地,当然设置一个存款上限还是很有必要,按照25u x 40万个=1000万u来约束,目前还是问题不大,未来如果整个市场规模有2亿u,可以考虑放宽到2000万u,40万个在cake的份额很小,看了一下目前cake的流通有1.7亿个左右,400,000/170,132,891=0.23% ,而且目前来看,cake的币价与大盘还是正相关的。综上,目前上CAKE不大可能出现XVS那种情况。

1 Like

1! been waiting for BSC on WePiggy for months. Can’t wait.

I like the deposit cap on Cake.

3 Likes

Ron with safety being the #1 priority, I like!

3 Likes

支持,这次瀑布是超车的机会,小猪上吧,做成所有二层的头部

3 Likes

Deployment of the WePiggy on BSC protocol will help us to receive listing on Binance CEX?

4 Likes

Binance Smart Chain and Ethereum have similar daily transactions so adding BSC makes the project bigger and stronger. I vote “Option 1: For this plan”

2 Likes

I guess that only depends on the traffic of WePiggy, not only Binance but also other big CEXs.

2 Likes