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https://forum.inverse.finance/t/integration-of-exchange-rate-functionality-into-sinv-ccip/513
sINV, the staked version of the INV governance token within the Inverse Finance ecosystem, accrues rewards through auto-compounding of INV staking rewards and DBR streaming rewards. As Inverse Finance expands across multiple chains, ensuring accurate and real-time exchange rates during cross-chain transfers of sINV is crucial for maintaining token value consistency in third party protocol integrations.
To integrate exchange rate functionality into the existing Chainlink Cross-Chain Interoperability Protocol (CCIP) for sINV transfers, we’ll be utilizing Programmable Data Token Transfer contracts on each supported network. This integration will ensure that sINV tokens are accurately valued during cross-chain transfers, reflecting real-time exchange rates on L2 Networks.
Ownership of the Ethereum Mainnet “ProgrammableDataToken” contract will be transferred to and accepted by the Inverse Treasury upon execution of this proposal.
Ownership of the L2 ProgrammableDataTokenTransfers is assigned to the corresponding GovernanceProxy on execution, sending a message via the GovernanceSender contract.
Base Network: 0x0173804066f7403e0815680f3dda125a6cd10f7c
Ethereum Mainnet: 0x7a43c13f7fb3a0bf19ceb3fbc583a0cada6d29a2
On-Chain Actions Required:
Members allowed to make Drafts can sign the fact that they reviewed the Draft Proposal
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