UMIP 39 -Add USD/bBadger and USD-[bwBTC/ETH SLP] as supported price identifiers

Mhairi · March 2, 2022, 1:11pm

The DVM should support price requests for the below price indexes:

USD/bBadger
USD-[bwBTC/ETH SLP]

UMAprotocol/UMIPs/blob/master/UMIPs/umip-39.md

## HEADERS
| UMIP-39     |                                                                                                                                  |
|------------|------------------------------------------------------------------------------------------------------------------------------------------|
| UMIP Title | Add USD/bBadger and USD-[bwBTC/ETH SLP] as supported price identifiers                                                                                                   |
| Authors    | mitche50, J au Defi, bitcoinpalmer, Defi Frog, Sean Brown (smb2796) 
| Status     | Approved                                                                                                                           |
| Created    | 1/15/2021                                                                              


# SUMMARY 

The DVM should support price requests for the below price indexes:
- USD/bBadger
- USD-[bwBTC/ETH SLP]

# MOTIVATION

The DVM currently does not support the USD-[bwBTC/ETH SLP], USD/bBadger price identifiers.  

BadgerDAO’s first product is Sett vault, an automated DeFi aggregator focused on tokenized BTC assets. Users that tokenized Bitcoin in our vaults receive a corresponding “b” denominated token in return that represents their vault position. Unfortunately these vault positions then become illiquid. Many of our users would like to borrow against their BTC vault positions as collateral to mint Badger Dollars (a yield dollar). At the time of writing, Badger’s Sett Vaults have brought in over 1 billion in TVL.

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