New Asset Onboarding Framework

Templates New asset request
1

Standardized process for onboarding new assets to the Euler vaults.

General process

  1. Request for Comments (RFC) - first step to propose the new asset listing.
  2. eIP proposal
  3. Voting
  4. Implementation (if passed)

The following templates need to be filled and posted in the Forum.

RFC Template

Title: [RFC] onboard (asset) to Euler Prime on (chain) pool

Author:

Date: in YYYY-MM-DD format

Structure of the RFC:

  1. Simple Summary

  2. Brief description of the asset to be listed in Euler markets.

  3. Motivation/Background

  4. Benefits of adding the token to Euler markets - description of why it would be beneficial for the ecosystem supported by analysis of the potential impact.

  5. Chains to be listed - as continuation of step a., specify which chains will be best to list the asset and why.

  6. Useful Links - any additional documents, links to the related governance discussions, forum or blog posts, that can be useful for Euler DAO to make informed decisions.

  7. Next Steps - clear and concise description of the next steps if the proposal is approved.

  8. Basic Risk Analysis

  9. General analysis - Risk analysis of an asset that should include different types of risks related to the asset. At this stage, the analysis does not have to be very technical, but still should provide a comprehensive overview of asset risks.

  10. Security audits - list all known security audits done to the token, briefly describe the outcomes and bugs found, if any.

  11. Liquidity and volatility - general discussion about the liquidity and volatility risks of an asset. Link to the liquidity pools in DEX and/or CEX for informative purposes.

  12. Price Oracles - list all the oracles available for the asset, provide the suggestion of an oracle that should be supported by reasonable facts and well explained.

  13. Miscellaneous

After the RFC proposal is created, the community will have a maximum of 5 days for the feedback. Then the RFC proposal will move to eIP status.

eIP Proposal

Title: [eIP] onboard (asset) to Euler Prime on (chain) pool

Author:
Date: in YYYY-MM-DD format

Structure of the eIP proposal:

  1. Summary

  2. Description of the asset to be added to the Euler market

  3. Link to RFC and brief summary of the community’s feedback

  4. Motivation

  5. Summary of the motivation/background provided in RFC

  6. Market impact - analysis of potential impact if asset will be added to the Euler Market, including the analysis of expected liquidity (collaborations, rewards, large depositors etc.)

  7. Any additional elaborations on the RFC motivation/background section

  8. Specification

  9. Risk Assessment - detailed risk analysis of the token, including:

    1. Market Risk (liquidity and volatility analysis)
    2. Oracle Risk
    3. Smart Contract and Security Risk
    4. Centralization Risk

  10. Proposed Risk Parameters (use the framework “Update Risk Parameters”) - based on the Risk Assessment, propose safe and capital-efficient risk parameters for the new asset

  11. Voting

  12. Execution

  13. Disclosure

New Asset Onboarding Template