Skip to content

Commit 5f8aa25

Browse files
committed
Merge branch 'fip-status' into 'main'
Update proposal status to final See merge request flarenetwork/docs-team/governance-proposals!25
2 parents f453a08 + 7c7a5c1 commit 5f8aa25

File tree

2 files changed

+10
-10
lines changed

2 files changed

+10
-10
lines changed

FIP/FIP_13.md

Lines changed: 5 additions & 5 deletions
Original file line numberDiff line numberDiff line change
@@ -9,26 +9,26 @@ title: FIP.13
99
| :----------------- | :------------------------------------------ |
1010
| Author | Flare Foundation |
1111
| Created | 04-Feb-2025 |
12-
| Document Status | Draft |
12+
| Document Status | Final |
1313
| Majority Condition | 50% (required) |
1414

1515
## 1. Brief Description
1616

1717
The Flare Time Series Oracle (FTSO) provides decentralized price feeds for the Flare network through a system of data providers who submit price data for various crypto assets.
1818
Currently, the FTSO only supports direct price feeds for assets that maintain significant trading volume on centralized exchanges.
19-
These feeds are supplied by Flares network of data providers.
19+
These feeds are supplied by Flare's network of data providers.
2020

2121
However, the system has limited support for custom types of data feeds such as Liquid Staked Tokens (LSTs), Liquid Restaked Tokens (LRTs), and more generally, feeds of an arbitrary time-series nature.
2222
This proposal seeks to extend the FTSO by implementing *Custom Feeds* - a new category of feeds that derive their values through custom logic encoded in on-chain smart contracts.
2323

24-
Custom Feeds will be made available through the same interface as FTSOs block-latency feeds i.e. through the long-term support (LTS) `FtsoV2Interface` contract.
24+
Custom Feeds will be made available through the same interface as FTSO's block-latency feeds i.e. through the long-term support (LTS) `FtsoV2Interface` contract.
2525
Their implementation does not require any modification to the FTSO data provider client logic, nor to dApps integrating the FTSO.
2626
Furthermore, there is no token inflation allocated to Custom Feeds.
2727

2828
The implementation of Custom Feeds will significantly enhance DeFi capabilities across the Flare network.
2929
Lending and borrowing protocols will gain the ability to accurately value custom assets as collateral, while risk management systems will benefit from reliable price data for liquidation mechanisms, all of which will be served by the familiar FTSO on-chain interface.
3030
This represents a significant expansion to the FTSO's core functionality, with substantial expansion in the amount and type of data the FTSO can support.
31-
As such, a governance vote is required due to the proposals far-reaching implications for the Flare network.
31+
As such, a governance vote is required due to the proposal's far-reaching implications for the Flare network.
3232

3333
## 2. Technical Description
3434

@@ -51,7 +51,7 @@ Custom Feeds will have a completely distinct risk profile compared to standard F
5151
Unlike standard FTSO feeds, where every feed is backed by the entire network of data providers, the security of a Custom Feed is conditional on the logic defined in its smart contract.
5252
An example of how a smart contract can define the value of a Custom Feed is given in [Section 2.4](#24-example-implementation).
5353

54-
This change in risk profile requires users and developers integrating a Custom Feed in their application to carefully evaluate each Custom Feed on a per-feed basis, and assess how the security of the feed, in particular the smart-contract implementation of that feed, impacts their applications security model.
54+
This change in risk profile requires users and developers integrating a Custom Feed in their application to carefully evaluate each Custom Feed on a per-feed basis, and assess how the security of the feed, in particular the smart-contract implementation of that feed, impacts their application's security model.
5555

5656
### 2.3 Smart Contract Changes
5757

STP/STP_10.md

Lines changed: 5 additions & 5 deletions
Original file line numberDiff line numberDiff line change
@@ -9,27 +9,27 @@ title: STP.10
99
| :------------------ | :------------------------------------------ |
1010
| Author | Flare Foundation |
1111
| Created | 04-February-2025 |
12-
| Document Status | Draft |
12+
| Document Status | Final |
1313
| Threshold Condition | 75% (required to reject) |
1414
| Majority Condition | 50% (required to reject) |
1515

1616
## 1. Brief Description
1717

1818
The Flare Time Series Oracle (FTSO) provides decentralized price feeds for the Flare network through a system of data providers who submit price data for various crypto assets.
1919
Currently, the FTSO only supports direct price feeds for assets that maintain significant trading volume on centralized exchanges.
20-
These feeds are supplied by Flares network of data providers.
20+
These feeds are supplied by Flare's network of data providers.
2121

2222
However, the system has limited support for custom types of data feeds such as Liquid Staked Tokens (LSTs), Liquid Restaked Tokens (LRTs), and more generally, feeds of an arbitrary time-series nature.
2323
This proposal and its counterpart [FIP.13](../FIP/FIP_13.md) seek to extend the FTSO by implementing *Custom Feeds* - a new category of feeds that derive their values through custom logic encoded in on-chain smart contracts.
2424

25-
Custom Feeds will be made available through the same interface as FTSOs block-latency feeds i.e. through the long-term support (LTS) `FtsoV2Interface` contract.
25+
Custom Feeds will be made available through the same interface as FTSO's block-latency feeds i.e. through the long-term support (LTS) `FtsoV2Interface` contract.
2626
Their implementation does not require any modification to the FTSO data provider client logic, nor to dApps integrating the FTSO.
2727
Furthermore, there is no token inflation allocated to Custom Feeds.
2828

2929
The implementation of Custom Feeds will significantly enhance DeFi capabilities across the Flare network.
3030
Lending and borrowing protocols will gain the ability to accurately value custom assets as collateral, while risk management systems will benefit from reliable price data for liquidation mechanisms, all of which will be served by the familiar FTSO on-chain interface.
3131
This represents a significant expansion to the FTSO's core functionality, with substantial expansion in the amount and type of data the FTSO can support.
32-
As such, a governance vote is required due to the proposals far-reaching implications for the Flare network.
32+
As such, a governance vote is required due to the proposal's far-reaching implications for the Flare network.
3333

3434
## 2. Technical Description
3535

@@ -51,7 +51,7 @@ To ensure a consistent user and developer experience, the legacy mechanism of qu
5151
Custom Feeds will have a completely distinct risk profile compared to standard FTSO feeds.
5252
Unlike standard FTSO feeds, where every feed is backed by the entire network of data providers, the security of a Custom Feed is conditional on the logic defined in its smart contract.
5353

54-
This change in risk profile requires users and developers integrating a Custom Feed in their application to carefully evaluate each Custom Feed on a per-feed basis, and assess how the security of the feed, in particular the smart-contract implementation of that feed, impacts their applications security model.
54+
This change in risk profile requires users and developers integrating a Custom Feed in their application to carefully evaluate each Custom Feed on a per-feed basis, and assess how the security of the feed, in particular the smart-contract implementation of that feed, impacts their application's security model.
5555

5656
### 2.3 Smart Contract Changes
5757

0 commit comments

Comments
 (0)