UMIP24 -Add DEFI_PULSE_TOTAL_TVL and SUSHIUNI_TVL as supported price identifiers

Mhairi · March 2, 2022, 12:56pm

The DVM should support price requests for the following Total Value Locked (TVL) derivatives:

Sum of TVL for all projects on DeFi Pulse divided by 1,000,000,000
10 multiplied by the ratio of TVL of Sushi Swap over Uniswap

UMAprotocol/UMIPs/blob/master/UMIPs/umip-24.md

## Headers
 - UMIP 24
 - Title: Add DEFI_PULSE_TOTAL_TVL and SUSHIUNI_TVL as supported price identifiers
 - Author:  Bryan Campbell (bryanjcampbell1@gmail.com)
 - Status: Approved
 - Created: November, 15, 2020


## Summary
The DVM should support price requests for the following Total Value Locked (TVL) derivatives:

1) Sum of TVL for all projects on DeFi Pulse divided by 1,000,000,000
2) 10 multiplied by the ratio of TVL of Sushi Swap over Uniswap



## Motivation

The DVM currently does not support the previously mentioned price indices.
Adding TVL identifiers enables the creation of synthetic assets with a price that tracks the actual use of a DeFi protocol.  This stands in sharp contrast to the wild price swings DeFi governance tokens that are often uncorrelated to the use of the protocol.  The SUSHI/UNI ratio derivative is unique in that it tracks the relative health of two protocols.

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