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FTSO Proposal: Add cUSDX/USD and yUSDX/USD Price Feeds #1068

Description

Feed Name

cUSDX/USDX & yUSDX/USDX

Asset Class

Custom Feeds

Justification

We respectfully request the addition of the following new price feeds to the Flare Time Series Oracle (FTSO):

  1. yUSDX / USD
  2. cUSDX / USD

yUSDX is the LP token received by users depositing USD stablecoins (USDX, USDT0 or USDC.e) in the X-Pool Investment Vault on Clearpool: https://vaults.clearpool.finance/vault?address=0x6b9e9d89e0e9fd93eb95d8c7715be2a8de64af07
Funds deposited are invested by HT Markets in a delta-neutral basis trading strategy on three centralised exchanges. Its value trails the investment strategy returns and is updated daily based on the NAV of the strategy. Additional information about the X-pool can be found here: https://www.htdigitalassets.com/xpool-explainer

cUSDX is the LP token received by users depositing USDX in the T-Pool Investment Vault on Clearpool. https://clearpool.finance/lending/tpool.
Funds deposited are invested by HT Markets in short-term US treasuries and US bonds on regulated financial markets. cUSDX holds a 1-1 peg with USDX and is therefore also trailing the value of 1 USD whilst allowing users to earn a short-term Treasury yield. Additional information about the T-Pool investment strategy can be found here: https://medium.com/clearpool-finance/usdx-t-pool-is-now-live-on-flare-c2f714c42efd

This proposal ensures that yUSDX and cUSDX can be safely integrated as collateral by Flare-native DeFi protocols, including SparkDEX and Kinetic, and future lending/borrowing markets.
These feeds will enable secure collateral valuation, liquidation safeguards, and system-wide composability.
For reference, this ask is closely mirroring the request for the already available USDX FTSO: https://flare-systems-explorer.flare.network/price-feeds/ftso?feed=0x01555344582f555344000000000000000000000000

RATIONALE

  1. USDX / USD feed
    USDX is a fiat-backed USD stablecoin (1:1 with USD). Adding a canonical FTSO price enables:
    On-chain collateral valuation
    Liquidation logic for lending protocols
    Accurate routing and pricing on SparkDEX
    Oracle-safe usage in Kinetic and future leveraged vaults
    Enhanced transparency and risk management for the ecosystem

  2. yUSDX / USD feed
    yUSDX is a yield-bearing token representing accrued returns from the X-pool, curated by HT Markets. Its value floats based on NAV, therefore a reliable oracle is required for:
    Collateralisation and leveraged strategies on lending protocols
    NAV-based accounting for future structured products on Flare
    This feed enables new DeFi integrations around real-world yield and delta-neutral strategies.

TECHNICAL PARAMETERS

We propose the following:
Symbol Names

  • cUSDX/USD
  • yUSDX/USD

Update Frequency: Standard FTSO epoch timing, Consistent with existing crypto feeds

Data Providers
No special requirements; feeds derive from cUSDX market references is its market cap since its issued 1-1 against USDX deposited to the T-Pool: https://flarescan.com/address/0xfe2907dfa8db6e320cdbf45f0aa888f6135ec4f8

NAV logic for yUSDX is provided via API from the X-Pool smart contract:
https://mainnet.flarescan.com/address/0xd006185B765cA59F29FDd0c57526309726b69d99/contract/14/readContract

  1. getRate (0x679aefce)

cUSDX price is expected to stay near $1.00
yUSDX price will be submitted based on daily NAV/unit calculated external (CEX) yield source inputs. NAV updates happen at 08:30 UTC
These feeds do not require changes to FTSO reward model or infrastructure

We invite feedback and are ready to support any technical steps required.

Trading Venues (CeX/DeX/Aggregators)

- SparkDEX: cUSDX/USDT0, cUSDX/USDC.e, cUSDX/USDX, yUSDX/cUSDX, yUSDX/USDT0

Daily Volume

<$1M

Contact (Email or Telegram)

contact@htdigitalassets.com

Activity

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