Integrating ChainHop to SGN for fee withdrawal

INTEGRATING CHAINHOP TO SGN FOR FEE WITHDRAWAL

Summary

Currently SGN pays out fees earned through cBridge according to the tokens earned. This then results in delegators having to aggregate and withdraw to chains where the individual tokens are supported before being able to swap to a desired token.

Abstract

To integrate and leverage on ChainHop to provide cross-chain swapping functionality for withdrawal of aggregated fees from SGN to the chains supported by ChainHop. Swaps can be limited to specific tokens to simplify the process (ex. ETH, WBTC, CELR) in the beginning but provides delegators a more user friendly process for withdrawing their earnings from SGN.

Motivation

Simplify the withdrawal process for cBridge fees earned by delegators via SGN and add to the perceived value of fee earning via SGN.

Proposal

Utilize transition state (a vault maybe) to manage the aggregation of tokens earned by delegators before its connected with ChainHop for the swapping to one of the available tokens to sent to the current / selected blockchain.

Potential of adding $CELR as an option for withdrawal for delegators to add obtain more tokens for staking.

Poll

  • AGREE
  • DISAGREE

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