Instadapp

Summary

The proposal aims to bump up the limits for the GHO<>USDC DEX Pool and GHO-USDC / GHO-USDC smart vault alongside expanding the range of the USDC-USDT DEX Pool.

Code Changes

Increase the limits of GHO-USDC DEX on Liquidity Layer

• DEX Pool 4
  GHO<>USDC

  • Expand percent: 50%

  • Expand time: 1hr

  • Withdrawal Base Limit in USD: $7,500,000

  • Borrow Base Limit in USD: $6,000,000

  • Borrow Max Limit in USD: $8,500,000

  • Max Supply Shares: 5M shares

  • Max Borrow Shares: 4M shares

Increase limits of GHO-USDC smart vault on Liquidity Layer

• GHO-USDC (Smart Collateral) / GHO-USDC (Smart Debt) Vault:
  • Vault Type: TYPE 4
  • Supply Configuration:
    • Supply Mode: 1
    • Supply Expand Percent: 25%
    • Supply Expand Duration: 12 hours
    • Base Withdrawal Limit: 3M shares
  • Borrow Configuration:
    • Borrow Mode: 1
    • Borrow Expand Percent: 20%
    • Borrow Expand Duration: 12 hours
    • Borrow Base Limit: 3M shares
    • Borrow Max Limit: 4M shares

Expand the range of USDC-USDT DEX Pool

• Upper range: 0.06%
• Lower range: 0.06%

Description

This proposal helps to increase the limits for the GHO<>USDC DEX Pool and GHO-USDC (Smart Collateral) / GHO-USDC (Smart Debt) Vault as mentioned above to help kickstart the pair on liquidity layer. The proposal also expands the range of USDC<>USDT Pool to ±0.06%.

Conclusion

The increase of limits of GHO-USDC Pool and Smart Vault facilitates successful launch of the GHO-USDC to Fluid DEX. The expansion of range helps to widen the scope before which rebalncing occurs in the stable DEX pair.