Instadapp

Summary

This proposal includes the initial configurations for a new ETH-weETH DEX Pool and an ETH-weETH/wstETH Vault and adding Team Multisig as Auth. It also includes adjustments to the GHO market rate curve to ensure competitive utilization, along with the allocation of additional rewards to incentivize lenders in the USDC and USDT lending markets.

Code Changes

Add Rewards to USDC and USDT Lending Markets:

• fUSDC: 500,000 USDC
  • Updated fUSDC reward contract: 0x19147A180D271d90dC12Da2BFFC636F54Cf7C241
• fUSDT: 500,000 USDT
  • Updated fUSDT reward contract: 0x19147A180D271d90dC12Da2BFFC636F54Cf7C241

Set New DEX Pool on Liquidity Layer

• DEX Pool 9
  ETH<>weETH: 0x86f874212335Af27C41cDb855C2255543d1499cE
  • Expand percent: 50%
  • Expand time: 1hr
  • Base Withdrawal Limit in USD: $50,000

Vault Deployment

• Vault ID 74
  ETH-weETH / wstETH Vault: 0xb4a15526d427f4d20b0dAdaF3baB4177C85A699A
  • Vault Type: TYPE 2
    • Mode: 1
    • Expand Percent: 20%
    • Expand Duration: 12 hours
    • Borrow Base Limit in USD: $40,000
    • Borrow Max Limit in USD: $50,000

Auth for the New DEX and Vault

The Avocado team multisig: 0x4F6F977aCDD1177DCD81aB83074855EcB9C2D49e

• Add as DEX Auth for:
  • ETH<>weETH
• Add as Vault Auth for:
  • ETH<>weETH / wstETH

Adjust GHO, USDC and USDT Market Rate Curve on Liquidity Layer

GHO Rate Curve:

• Utilization 0%: Rate 0%
• Utilization 85%: Rate 8%
• Utilization 93%: Rate 10%
• Utilization 100%: Rate 33%

Description

This proposal aims to expand the Fluid DEX by adding a new ETH-weETH DEX Pool (DEX Pool 9) with optimized withdrawal limits along with introduction of ETH-weETH/wstETH Vault (Vault ID 74).

To further incentivize liquidity, 500,000 USDC and 500,000 USDT are allocated to fUSDC and fUSDT lending markets. Additionally, adjusts rate curve for GHO to sync with the market, ensuring competitive and efficient utilization.

Conclusion

The proposed updates enhances the Fluid DEX by introducing a new DEX Pool and Vault, incentivizing liquidity providers with additional rewards, and competitively aligning market rates for stable assets. These measures collectively strengthen capabilities of Fluid and facilitating liquidity growth.