UMIP 13 -Add PERLUSD, USDPERL as price identifiers

Mhairi · March 2, 2022, 12:44pm

The DVM should support price requests for the PERL/USD and USD/PERL price index.

UMAprotocol/UMIPs/blob/master/UMIPs/umip-13.md

## Headers
| UMIP-13    |                                                                                                                                          |
|------------|------------------------------------------------------------------------------------------------------------------------------------------|
| UMIP Title | Add PERLUSD, USDPERL as price identifiers              |
| Authors    | TJ (tj@perlin.net) |
| Status     | Approved                                                                                                                                    |
| Created    | August 31, 2020                                                                                                                           |

## Summary (2-5 sentences)
The DVM should support price requests for the PERL/USD and USD/PERL price index.

## Motivation
The DVM currently does not support the PERLUSD or USDPERL price index.
Cost: 
Pricing of PERLUSD is easily accessible through open centralized exchange APIs. PERL is currently only trading on Binance.
Opportunity: A synthetic token that tracks the underlying assets would enable better price discovery by making it possible to have cash/PERL settled position on the underlying assets. It could be used as a hedging tool.
More information on the Perlin products can be found on the website: https://perlinx.finance/

## Technical Specification
The definition of this identifier should be:

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UMIP 13 -Add PERLUSD, USDPERL as price identifiers

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