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executedEnded 2 years ago · Onchain

Deployment of weETH/USDC and weETH/USDT Vaults on Fluid

By 0x059A...bE8210

Summary:

This proposal outlines the deployment of weETH/USDC and weETH/USDT vaults on Fluid, sets their initial parameters

Code Changes:

Deploy weETH/USDC Vault:
- Address: 0xf55B8e9F0c51Ace009f4b41d03321675d4C643b3
- Set User Supply Config for the weETH/USDC Vault on Liquidity Layer:
  - VaultAddress: 0xf55B8e9F0c51Ace009f4b41d03321675d4C643b3
  - Token: 0xCd5fE23C85820F7B72D0926FC9b05b43E359b7ee
  - Mode: 1
  - Expand Percent: 25%
  - Expand Duration: 12 hours
  - Base Withdrawal Limit: 2500 weETH
- Set User Borrow Config for the weETH/USDC Vault on Liquidity Layer:
  - VaultAddress: 0xf55B8e9F0c51Ace009f4b41d03321675d4C643b3
  - Token: 0xA0b86991c6218b36c1d19D4a2e9Eb0cE3606eB48
  - Mode: 1
  - Expand Percent: 20%
  - Expand Duration: 12 hours
  - Base Debt Ceiling: 7.5m USDC
  - Max Debt Ceiling: 20m USDC
- Update Core Settings on weETH/USDC Vault:
  - Supply Rate Magnifier: 1x
  - Borrow Rate Magnifier: 1x
  - Collateral Factor: 75%
  - Liquidation Threshold: 80%
  - Liquidation Max Limit: 90%
  - Withdraw Gap: 5%
  - Liquidation Penalty: 3%
  - Borrow Fee: 0%
- Update Oracle on weETH/USDC Vault:
  - Oracle Address: 0xA9271615297eF2b471f6d87617b0452773d7651C
- Update Rebalancer on weETH/USDC Vault:
  - Rebalancer Address: 0x264786EF916af64a1DB19F513F24a3681734ce92
Deploy weETH/USDT Vault:
- Address: 0xdF16AdaF80584b2723F3BA1Eb7a601338Ba18c4e
- Set User Supply Config for the weETH/USDT Vault on Liquidity Layer:
  - VaultAddress: 0xdF16AdaF80584b2723F3BA1Eb7a601338Ba18c4e
  - Token: 0xCd5fE23C85820F7B72D0926FC9b05b43E359b7ee
  - Mode: 1
  - Expand Percent: 25%
  - Expand Duration: 12 hours
  - Base Withdrawal Limit: 2500 weETH
- Set User Borrow Config for the weETH/USDT Vault on Liquidity Layer:
  - VaultAddress: 0xdF16AdaF80584b2723F3BA1Eb7a601338Ba18c4e
  - Token: 0xdAC17F958D2ee523a2206206994597C13D831ec7
  - Mode: 1
  - Expand Percent: 20%
  - Expand Duration: 12 hours
  - Base Debt Ceiling: 7.5m USDT
  - Max Debt Ceiling: 20m USDT
- Update Core Settings on weETH/USDT Vault:
  - Supply Rate Magnifier: 1x
  - Borrow Rate Magnifier: 1x
  - Collateral Factor: 75%
  - Liquidation Threshold: 80%
  - Liquidation Max Limit: 90%
  - Withdraw Gap: 5%
  - Liquidation Penalty: 4%
  - Borrow Fee: 0%
- Update Oracle on weETH/USDT Vault:
  - Oracle Address: 0x64D9cd2B6a63100d8305ca8e3b46E26d5a38951f
- Update Rebalancer on weETH/USDT Vault:
  - Rebalancer Address: 0x264786EF916af64a1DB19F513F24a3681734ce92

Reason:

The deployment of the weETH/USDC and weETH/USDT vaults on the Fluid Vault protocol aims to bring additional productive usage of the USDC liquidity layer and enables users greater use of their Ether.Fi Wrapped ETH on Fluid.

Forum Link: Onboarding weETH/USDT and weETH/USDC Vaults to Fluid

Connect Wallet to Add Note

Votes 8

Voter	Cast Power	Vote & Rationale
0xa761...834324	1.51M	FOR
0xAa72...c44931	1.191M	FOR
0xA45f...8cea01	1M	FOR
0x4604...6A7329	500,000	FOR
StableLab	250,094	FOR

VOTE POWER

Connect Wallet

Proposal Status

Wed May 01 2024, 10:03 pmPublished Onchain 0x059A...bE8210
Thu May 02 2024, 10:14 pmVoting Period Starts
Sat May 04 2024, 10:33 pmEnd Voting Period
Sun May 05 2024, 12:52 pmQueue Proposal
Mon May 06 2024, 01:27 pmExecute Proposal

Current Results

1-FOR

4.451M

Quorum 4.451M/4M

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