XIP-52

Support Pirex ETH

authorkmao, 0xfunky
typecore-upgrade
networkEthereum
statusImplemented
created2024-07-01

Proposal Summary

XIP-52 proposes enabling support for Pirex Staked ETH & Pirex apxETH.

Specification

Overview

Infinex already supports another Ethereum LST (Lido Staked Ether), and aims to add additional one, being PXETH & APXETH.

Infinex will need to update the UI to effectively reflect PXETH & AXPETH deposits and withdrawals, as well as the current market price of the asset. The value of PXETH & AXPETH will be denominated in USD and determined by a 3rd-party market price feed and will also be counted as TVL for the upcoming Craterun campaign.

Furthermore, Redacted has offered 140 BTRFLY in Ecosystem Prizes for the Craterun Campaign. This will be split between 4 different prizes of 35 BTRFLY each, and will take up 4 slots of the approved 69 ecosystem prizes, as per XIP-34.

Rationale

Pirex Eth gives users access to the highest yielding LST, which currently has almost 3x the base staking yield.

Technical Specification

The token addresses of PXETH & AXPETH can be found below:

Coin

Network

Token Address

PXETH

Mainnet

0x04c154b66cb340f3ae24111cc767e0184ed00cc6

APXETH

Mainnet

0x9ba021b0a9b958b5e75ce9f6dff97c7ee52cb3e6

The Infinex account currently does not block deposits from all ERC-20 tokens, which means to support PXETH & APXETH deposits, Infinex will simply just need to upgrade the backend infrastructure to track them.

Copyright

Copyright and related rights waived via CC0.

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