Update fGHO rewards and Remove Auth for New DEXes and Vaults
Summary
This proposal aims to refill the rewards for GHO lending market while removing the previously set Auth from the new INST<>ETH and USDC<>ETH DEXes and their corresponsingn smart vaults.
Code Changes
Extend Rewards for GHO Lending Market**
- fGHO: Additional 70k for 30 days
- Updates to fGHO reward contract: 0x95755A4552690a53d7360B7e16155867868ae964
Remove Team Multisig as the Auth
The Avocado team multisig: 0x4F6F977aCDD1177DCD81aB83074855EcB9C2D49e
- Remove as DEX Auth from:
- New INST<>ETH
- New USDC<>ETH
- Remove as Vault Auth from:
- New INST-ETH/ETH
- New USDC-ETH/USDC-ETH
Note: The Vault and DEX IDs will be set before the execution by the Team Multisig after those are deployed
Description
The proposal helps update the fGHO rewards contract to refill it with 70k GHO rewards for next 30 days.
The proposal also removes the team multisig as the auth for
- DEX Pools
- New INST<>ETH
- New USDC<>ETH
- Smart Vaults
- [TYPE 2] New INST-ETH/ETH
- [TYPE 4] New USDC-ETH/USDC-ETH
Conclusion
The extension of the fGHO rewards for the Lending market ensures continuous and stable distribution of rewards for another month. Removal of the team multisig as DEX and vault auth ensures handover of safety and control for those DEXes and Vaults to the DAO.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xa761...834324 | 1.51M | FOR |
 0xAa72...c44931 | 1.191M | FOR |
 0xA45f...8cea01 | 1M | FOR |
 0xe9cC...31aA9F | 500,000 | FOR |
 0xd99a...e5fFd1 | 250,000 | FOR |
VOTE POWER
Proposal Status
- Sat December 07 2024, 09:47 pmVoting Period Starts
- Mon December 09 2024, 09:59 pmEnd Voting Period
- Tue December 10 2024, 11:24 amQueue Proposal
- Wed December 11 2024, 04:36 pmExecute Proposal
Current Results
1-FOR
4.515M
2-AGAINST
N/A Tokens
3-ABSTAIN
N/A Tokens