WIP16:提议上线 xLON 借贷市场

1 、前言

提案编号:WIP16
提案名称:提议上线 xLON 借贷市场
提案作者:Core Devs
有关提案:无
替换提案:无

2 、摘要

本提案中,核心开发团队提议在以太坊主网上线 xLON 借贷市场,并开启 pxLON 矿池。
注意:本提案讨论期 2 天,正式投票期 2 天。

3 、动机

Tokenlon 是基于区块链网络实现的去中心化交易支付结算协议,它依托于 imToken 千万用户支持,真实交易量居于去中心化交易所前列。其代币 LON 在以太坊主网上的 DEX 当中具备充足的流动性。xLON 由 LON 质押获得,上线 xLON 借贷市场,一方面,有助于扩大 WePiggy 借贷协议在以太坊主网上的优质资产规模,另一方面,也有助于引入广大的 Tokenlon 以及 imToken 的社区用户,并满足他们的借贷需求。另外,相比于 LON,上线 xLON 对于用户来说是又多了一层质押的收益,资金利用效率更高。

4 、正文

4.1 基本信息

1 ) 名称:xLON

2 ) 合约信息:0xf88506b0f1d30056b9e5580668d5875b9cd30f23

3 ) 审计报告:

4 ) 项目介绍:

Tokenlon 是基于区块链网络实现的去中心化交易支付结算协议,它依托于 imToken 千万用户支持,真实交易量居于去中心化交易所前列。其代币 LON 是 Tokenlon 发行的应用型代币,用于激励网络生态中参与的各方,确保各方能够参与并协力推动生态的发展。用户将 LON 质押至 LON 质押合约,获得 xLON 代币作为质押凭证和捕获质押奖励的工具。xLON : LON ≥ 1,xLON 与 LON 兑换比率将会随着 Tokenlon 协议质押奖励分配的增加而持续上升。
在发起赎回申请、解锁并等待解锁期 7 天结束后,你可以按当时 xLON:LON 的的结算比例来赎回你的 LON。

在等待解锁期间强制赎回 LON,最高需支付 5% (本息)(比例随解锁期线性递减) xLON 作为惩罚金,罚金将保留在质押奖池中,由其他质押者分享。

4.2 风险水平概述

1) 智能合约风险 ----分数:7 评级:B-

a. 上线天数:187

b. 转账笔数:389,227

2) 对手方风险 ----平均分:8 平均评级:B

a. 许可:无需许可 分数:9 评级:B+

b. 持币地址:49,377 分数:7 评级:B-

3) 市场风险 ----平均分:6 平均评级:C+

a. 市值:$656,719,887 分数:6 评级:C+

b. 平均交易量 分数:5 评级:C

1W 1M 3M 6M 1Y
$18,541,394 $17,185,047 $26,305,039 $45,556,666 $45,771,383

c. 价格波动 分数:5 评级:C

1W 1M 3M 6M 1Y
0.066964434 0.054320243 0.073621632 0.082827396 0.082827396

总评级: B-

4) 其它说明(选填):

考虑到 xLON 来自于 LON 故此处评估的是 LON 的风险水平,但 xLON 的单价需要根据其质押机制,由 LON 乘以兑换比例获得。

4.3 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
xLON 80% 2% 28% 120% 20% 30% 506,841

存款/借款 APY 曲线:

4.4 建议的经济激励

1 ) 存 pToken 挖矿

是否启动:是

权重:300

说明:上线时,参照 UNI 的权重,未来会根据实际情况进行调整

2 ) 借款挖矿

是否启动:是

权重:135

说明:上线时,参照 UNI 的权重,未来会根据实际情况进行调整

评估表格公示,如下:

五 、选项

1、支持上线 xLON
2、不支持上线 xLON

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

WIP16: Propose to List xLON

1. Preamble

Proposal Number: WIP16
Proposal Title: Propose to List xLON
Proposal Author(s): Core Devs
Related Proposals / Dependencies: N/A
Replacement Proposal / Replaces: N/A

2. Abstract

In this proposal, the core development team proposes to launch the xLON lending market on the Ethereum mainnet and enable the pxLON mining pool.

Note: The duration of the Proposal Discussion Stage is 2 days, the Proposal Voting Stage is 2 days.

3. Motivation

Tokenlon is a decentralized exchange and payment settlement protocol based on blockchain technology. Relying on the support of imToken’s tens of millions of users, the real transaction volume is at the forefront of decentralized exchanges. Its token LON has sufficient liquidity in the DEX on the Ethereum mainnet. xLON is generated by staking LON. On the one hand, the launch of the xLON lending market will help to expand the scale of high-quality assets of the WePiggy lending protocol on the Ethereum mainnet. On the other hand, it will also empower the xLON with borrowing capacity, meet the borrowing needs of the Tokenlon community. In addition, compared with LON, the listing of xLON will provide users with an extra staking profit, in this way, the capital efficiency will be even higher.

4. Specification

4.1 Basic Information

1 ) Project Name: xLON

2 ) Contract Address: 0xf88506b0f1d30056b9e5580668d5875b9cd30f23

3 ) Audit Report:

4 ) Project Introduction:

Tokenlon is a decentralized exchange and payment settlement protocol based on blockchain technology. Relying on the support of imToken’s tens of millions of users, the real transaction volume is at the forefront of decentralized exchanges. LON is a utility token issued by Tokenlon, used to align all parties involved in the ecosystem and incentivize participation and expansion of the ecosystem. Stake LON to obtain xLON tokens as staking certificates that capture staking rewards. The value of xLON increases in proportion with distributed staking rewards. This makes the exchange ratio between xLON and LON continue to rise and xLON : LON ≥ 1.
Having staked, you can unlock your balance to start the cooldown period of 7 days. With the end of the cooldown period, you are free to redeem LON with your xLON at the ratio of xLON:LON.
Skipping the cooldown period is possible for a maximum penalty fee of 5% (including all principal and interest) of the withdrawn xLON, the ratio decreasing linearly with the cooldown period.

4.2 Asset Risk Overview

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

a. Days: 187
b. Transaction: 389,227

2) Counter-party Risk Avg. Score: 8 Avg. Rating: B

a. Permission: Permissionless Score: 9 Rating: B+
b. Holders: 49,377 Score: 7 Rating: B-

3) Market Risk Avg. Score: 6 Avg. Rating: C+

a. Market Capitalization: $656,719,887 Score: 6 Rating: C+
b. Volume: Score: 5 Rating: C

1W 1M 3M 6M 1Y
$18,541,394 $17,185,047 $26,305,039 $45,556,666 $45,771,383

c. Volatility: Score: 5 Rating: C

1W 1M 3M 6M 1Y
0.066964434 0.054320243 0.073621632 0.082827396 0.082827396

Overall Rating: B-

4) Remark (Optional):

Considering that xLON comes from LON, the result of the above risk assessment is the risk level of LON. However, the unit price of xLON needs to be obtained by multiplying the unit price of LON by the exchange ratio according to its staking mechanism.

4.3 Recommended Risk Parameters Setting

Name U kink R 0 R 1 R 2 Reserve Factor LTV Borrow Cap Deposit Cap
xLON 80% 2% 28% 120% 20% 30% None 506,841

Deposit/Borrow APY:

4.4 Recommended Economic Incentives

1) Stake pToken Mining

ON or OFF? ON

Weight: 300

Description : Refer to the weight of UNI, and it will be adjusted according to the actual situation in the future.

2) Borrowing Mining

ON or OFF? ON

Weight: 135

Description: Refer to the weight of UNI, and it will be adjusted according to the actual situation in the future.

Listing evaluation sheet of xLON as below:

5. Option

Option 1: For the listing of xLON
Option 2: Against the listing of xLON

1 Like

这次使用xLON作为借贷资产,不仅可以享受到LON的质押挖矿收益,而且叠加了在WePiggy存币和盲挖WPC的收益。

类似Aave支持xSUSHI借贷,而不是SUSHI。

让用户不用做二选一,全要。

2 Likes

一举双收益,imtoken确实是一个巨大的流量入口,Tokenlon作为其内置的DEX,希望wepiggy和Tokenlon双方能在互利共赢的情况下共同成长。

2 Likes

感谢,这也是我们希望的。二者的用户有很多的交集。

像自来水般地支持长期专注的国产项目是WePiggy团队的偏好。

2 Likes

感觉国内的优质项目都在小猪的射程之内啊,优秀!ImToken的这个Tokenlon收益是不错的,是一个有盈利能力,有可持续发展条件的长期项目,NICE!

是imToken

2 Likes

这样一个市值几千万美金的项目代币,给的权重居然和市值前十的UNI一样。。。

1 Like

UNI 的几十亿市值又不都是存到 WePiggy 里哈。

上线初期没有办法很精确量化,只能参照同赛道的项目设置权重的。

另外刚上线也需要激励用户尽可能参与存币挖矿嘛。如果后续存币稳定下来了,再根据存入的资金量调整权重,不是一成不变的。Compound也经常在调整。Sushi天天都在调。

2 Likes

是基础权重,看这个样子,在没有足够大的流动性注入的情况下,是不会有太大提升的。UNI市值虽大,但是分布特别散。

I’ve not heard of Tokenlon, it appears to be 6 months old and is ranked around #300. Looks like a promising project but hasn’t yet matured in the market, unlike LRC which has been around for years. I’ll have to vote Option 2 this time

1 Like

Tokenlon is incubated by imToken which is the biggest mobile wallet in the world. It is integrated its swap module with imToken wallet. So it has a good user base.

As you know, 90% Chinese users have 1-2 mobile wallets, 2-5 CEX apps, and in 1-2 wallets, usually one is imToken.

Tokenlon will use transaction fees to buy back its tokens, LON. There are more than 49,000 holders of LON. LON actually captures the value created by imToken and can be regarded as one part of imToken. Due to Chinese policy and laws, imToken cannot issue their tokens directly.

We listed some of the top-ranked tokens by market capitalization, but they often have already launched other mainstream lending protocols. Therefore, we have to seek those assets that have not yet launched other lending protocols, but also have a good user base and reputation. This is also part of differentiation and forward-looking.

The following link is an article introducing imToken’s latest US$30 million Series B Investment.

We believe they will have a bright future since we use it everyday. So we suggested that our community could agree to list xLON.

3 Likes

In Ron we trust. Like Win, I had never heard of them before. Their team is also not public, which for me is always a plus, especially in the crypto market where there’s a lot of projects that look legit but end up going south.

Leaning towards a no on it for now until I read more into Lon.

2 Likes

Tokenlon does sounds like a good project and could be one of those hidden gems with low market cap, maybe due to not being listed on Huobi or Binance - unlike the other assets on WP (excluding exchange tokens).

It is difficult to vote yes to this new project, but i could abstain if was an option. Perhaps add Option 3. Abstain from voting. This will increase the vote count but allow a neutral vote due to e.g lack of knowledge or indecision. It would be wrong for myself and others to vote against if it is a good legitimate project but we didn’t have enough information or enough confidence to vote in favour of it.

We are contacting with Tokenlon’s team. Hope we can get more info from them and build a relationship between two community.

3 Likes