Gearbox DAO

Authors

lekho.eth

Summary

This is another proposal to configure Gearbox within the new Permissionless framework by executing the following Cross-Chain Multisig batch:

• allow MultiPause and TreasuryLiquidator as new system contracts;
• roll out RateKeeperFactory v3.1.1 patch;
• activate Gearbox instance on 11 more chains.

Specification

Allow new system contracts

It is proposed to allow two new system contracts to be deployed from the Bytecode Repository:

• MultiPause (bytecode hash 0xa000...6fde) allows risk curators to pause multiple contracts simultaneously in case of emergency;
• TreasuryLiquidator (bytecode hash 0xdc481...0485) allows DAO to perform the liquidation of Credit Accounts using treasury funds in scenarios where the default atomic liquidation is not possible due to thin market liquidity or collateral’s market price temporarily deviating from its fundamental value.

Both contracts have been audited by Decurity (report).

Patch rate keeper factory

During more extensive use of the Permissionless framework, a bug was discovered in the RateKeeperFactory contract that won’t allow risk curators to change the rate keeper in existing markets.

While the bug does not put any funds at risk and requires no immediate action from any party, it is proposed to roll out the patch RateKeeperFactory v3.1.1 (bytecode hash 0x752d...bb53) so that newly deployed market configurators used the correct version from the beginning. Risk curators of existing markets may upgrade by calling MarketConfigurator.upgradeRateKeeperFactory.

The patch has been audited by ChainSecurity (report).

Activate new instances

It is proposed to activate Gearbox instance on eight networks (Superseed, Sophon, Beam, BSquared, Swellchain, Kaia, Botanix, Katana) and three public testnets (Rise, Kadena, MIDL) with the following parameters:

Network	Chain ID	instanceOwner	treasury	weth
Superseed	5330	0x1E9ec044853611F4bCD4BBcFE7657508BD1c53D3	0xef78F5FfD8c6c5aa45bCAb7f4BA638B0A4fbc7A1	0x4200000000000000000000000000000000000006
Sophon	50104	0x1E9ec044853611F4bCD4BBcFE7657508BD1c53D3	0xef78F5FfD8c6c5aa45bCAb7f4BA638B0A4fbc7A1	0x2b1A859dE6A55c553520D7780Bc5805712B128F9
Beam	4337	0x1E9ec044853611F4bCD4BBcFE7657508BD1c53D3	0xef78F5FfD8c6c5aa45bCAb7f4BA638B0A4fbc7A1	0xD51BFa777609213A653a2CD067c9A0132a2D316A
BSquared	223	0x1E9ec044853611F4bCD4BBcFE7657508BD1c53D3	0xef78F5FfD8c6c5aa45bCAb7f4BA638B0A4fbc7A1	0x4200000000000000000000000000000000000006
Swellchain	1923	0x1E9ec044853611F4bCD4BBcFE7657508BD1c53D3	0xef78F5FfD8c6c5aa45bCAb7f4BA638B0A4fbc7A1	0x4200000000000000000000000000000000000006
Kaia	8217	0x1E9ec044853611F4bCD4BBcFE7657508BD1c53D3	0xef78F5FfD8c6c5aa45bCAb7f4BA638B0A4fbc7A1	0x19Aac5f612f524B754CA7e7c41cbFa2E981A4432
Botanix	3637	0x1E9ec044853611F4bCD4BBcFE7657508BD1c53D3	0xef78F5FfD8c6c5aa45bCAb7f4BA638B0A4fbc7A1	0x0D2437F93Fed6EA64Ef01cCde385FB1263910C56
Katana	747474	0x1E9ec044853611F4bCD4BBcFE7657508BD1c53D3	0xef78F5FfD8c6c5aa45bCAb7f4BA638B0A4fbc7A1	0xEE7D8BCFb72bC1880D0Cf19822eB0A2e6577aB62
Rise Testnet	11155931	0x18B1778f45944D1cE779A5BF2A386215d8F04d5F	0x18B1778f45944D1cE779A5BF2A386215d8F04d5F	0x4200000000000000000000000000000000000006
Kadena Testnet	5920	0x18B1778f45944D1cE779A5BF2A386215d8F04d5F	0x18B1778f45944D1cE779A5BF2A386215d8F04d5F	0x32E10f12e5dE1F8f591c83BbCb920E39A8F172F4
MIDL Testnet	777	0x96992B7E28147767701d4408FC45Eaba86c30f15	0x96992B7E28147767701d4408FC45Eaba86c30f15	0x76818770D192A506F90e79D5cB844E708be0D7A0

GEAR token address is set to zero on all those chains as it is not present there.

Implementation

The GIP asks DAO to authorize Technical/Cross-Chain Multisig members to sign the pair of SafeTx (in TM) and CompactBatch (in CCM) messages to submit and execute the batch 0xf03a9a54de933620b4078606377e1ab99252eb8eda8a0d360786cf7049220831 implementing the described actions.

The messages were generated using the script create-gip-250-messages.sh and can be found here.