Instadapp

Summary:

This proposal aims to enhance the wstETH/ETH Fluid vault by updating its Collateral Factor and risk ratios, and by integrating with the stETH Redemption protocol, thereby improving vault utilization and efficiency.

Code Changes:

• wstETH/ETH Vault Adjustments:
  • Current Collateral Factor (C.F): 91%
  • Updated Collateral Factor (C.F): 93%
• Whitelisting for stETH Redemption Protocol:
  • Address to Whitelist: 0xA02744dc2245e84fF3e309bAdfb4e54Bb0EC2Cf8

Instadapp Lite Ratio Modifications:

• Risk Ratio Updates:

  • Existing Max Risk Ratio: 91.0%
  • Revised Max Risk Ratio: 92.5%

• Aggregated Ratio Revision:

  • Prior: 83.5%
  • New: 90%

Description:

The initiative seeks to refine the wstETH/ETH Fluid vault’s performance by amending its Collateral Factor to boost borrowing capabilities and maintain its market competitiveness. Additionally, it facilitates Lite Vaults’ access to the stETH Redemption protocol through the inclusion of Fluid vaults on the stETH whitelist, coupled with requisite adjustments to the risk ratios.

Conclusion:

This proposal completes the optimization of the wstETH/ETH Fluid vault by updating its Collateral Factor and risk ratios, alongside integrating with the stETH Redemption protocol. These changes collectively aim to elevate vault utilization and efficiency, ensuring a more competitive and attractive leveraging environment for users.

Forum Link: Optimizing wstETH/ETH Vault and integrating stETH Redemptionl