UMIP 21 -Add BTCDOM and ALTDOM as price identifiers

Mhairi · March 2, 2022, 12:52pm

The DVM should support price requests for a Bitcoin and altcoin dominance index. Upon redemption, BTCDOM + ALTDOM = 100.00.

github.com

UMAprotocol/UMIPs/blob/master/UMIPs/umip-21.md

## Headers
 - UMIP 21
 - Title: Add BTCDOM and ALTDOM as price identifiers
 - Author: Domination Finance Team
 - Status: Approved
 - Created: November 14, 2020


## Summary (2-5 sentences)
The DVM should support price requests for a Bitcoin and altcoin dominance index. Upon redemption, BTCDOM + ALTDOM = 100.00.

These two price identifiers can be defined as: 

```
BTCDOM →    [Total BTC supply]
          * [Price of BTCUSD]
          / [Total crypto market cap (USD)]
ALTDOM → 100.00% - BTCDOM
```

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UMIP 21 -Add BTCDOM and ALTDOM as price identifiers

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