Instadapp

Summary

This proposal updated the weETH-ETH DEX and its corresponding vault limits along with change in the configs of USDC-USDT DEX and WBTC-cbBTC DEX. This proposal also extends the rewards on the USDC and USDT lending markets and deposits the GHO from treasury to the fGHO lending market on Fluid.

Code Changes

Extend Rewards for USDC and USDT Lending Market

• fUSDC: Additional 500K USDC
  • Updates to fUSDC reward contract: 0xb75Ec31fd7ad0D823A801be8740B9Fad299ce6d6
• fUSDT: Additional 500K USDT
  • Updates to the fUSDT reward contract: 0xb75Ec31fd7ad0D823A801be8740B9Fad299ce6d6

Update weETH-ETH DEX and weETH-ETH / wstETH vault limits

• DEX Pool 9
  weETH<>ETH:

  • Max Supply Shares: 6,000 Shares

• Vault ID 74
  weETH-ETH (Smart Collateral) / wstETH:

  • Vault Type: TYPE 2
  • Borrow Configuration:
    • Borrow Mode: 1
    • Borrow Expand Percent: 20%
    • Borrow Expand Duration: 12 hrs
    • Borrow Base Limit in USD: $15M
    • Borrow Max Limit in USD: $45M

Supply GHO from treasury to Lending contract

Lend 4M GHO to fGHO Lending market from DAO treasury: 0x28849d2b63fa8d361e5fc15cb8abb13019884d09

Expand the config of WBTC-cbBTC DEX Pool

• Update the Range

  • New Upper range: 0.1%
  • New Lower range: 0.1%

• Update the Min & Max Center price

  • Minimum center price: 0.998
  • Maximum center price: 1.00200400801603206413

Update the USDC-USDT DEX threshold

• Update the Threshold
  • Upper Threshold: 50%
  • Lower Threshold: 50%

Description

The proposal helps expand weETH-ETH / wstETH vault limits and the weETH-ETH DEX configs while also expanding the range of WBTC-cbBTC DEX to 0.1%, adjusting the min & max center price to 0.2%, and reducing the USDC-USDT threshold to 50%. The proposal supplies the GHO received from Aave DAO to the fGHO lending contract on liquidity layer and also extends the rewards for fUSDC & fUSDT lending markets on fluid.

Conclusion

The change in configs of weETH-ETH DEX and the corresponding vault limits along with the change of WBTC-cbBTC DEX configs helps to accommodate more liquidity essiciently. The change of the USDC-USDT threshold percentage helps to minimize rebalancing as the market has already stabilized. The update in rewards for fUSDC, fUSDT, and fGHO streamlines the distribution of rewards on respective lending markets.