[req]:stFLR/USD #1183
Description
Feed Name
stFLR/USD
Asset Class
Custom Feeds
Justification
Business Justification
- Collateralization & DeFi utility: The stFLR/USD feed improves the way stFLR can be used as collateral in lending/borrowing or other DeFi protocols on Flare — improving capital efficiency and attracting more users.
- Accurate risk management: Having a decentralized, oracle-backed USD price feed ensures reliable liquidation mechanisms and fair valuations for stFLR-based assets.
- Ecosystem growth & composability: stFLR becomes more composable — usable in DeFi, leveraged strategies, and composable products — increasing demand and utility of FLR on Flare-native protocols.
- User adoption: stFLR has seen immense growth and huge user adoption immediately after launch signalizing large community support.
Consistency with governance precedent
Given that Custom Feeds were explicitly introduced to support liquid-staked tokens based on other assets and other non–CEX-listed or on-chain tokens, stFLR falls squarely within the intended use-case.
Ask
The MG is requested to review and approve adding stFLR as a Custom Feed to FTSO — enabling an stFLR/USD feed via the mechanism defined in FIP.13/ STP.10.
The proposed implementation is verified on explorer: https://flare-explorer.flare.network/address/0x188fF275F36A5194A04C91F4a0058610BffC960c
Trading Venues (CeX/DeX/Aggregators)
N/ADaily Volume
<$1M