WBTC, ARB, LINK, PAXG tokens are basic collateral tokens of The Standard protocol, and in the future more ERC20 tokens are to be supported.
In the protocol, it always assume that TOK/USD
price feeds exist in Chainlink service, however on Mainnet, PAXG/USD
doesn't exist but PAXG/ETH
exists.
From the protocol documentation, it says that 4 collateral tokens above should be compatible through out any EVM chains with Chainlink and Uniswap supported.
Also in PriceCalculator
contract, it only supports price feeds against USD price.
However, specifically on Mainnet, there is no feed for PAXG/USD
but PAXG/ETH
is supported.
This means that PAXG
can't be used as collateral on Mainnet blocking protocol feature.
Limited price feeds support block features of the protocol because of incompatibility.
Also, for most of ERC20 tokens won't have price feeds against USD but they will have price feeds against ETH.
Manual Review
Rather than expecting TOK/USD
price feeds on Chainlink services, the protocol should support price calculation using combined price feeds like TOK/ETH
* ETH/USD
, which will exist all the time.
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