Instadapp

Summary

The proposal aims to relax the configs of cbBTC<>WBTC dex to further reduce rebalancing frequency until major CEX<>DEX arbitrageurs support Fluid DEX. This proposal also increases the limits for the sUSDe/stable vaults.

Code Changes

Update cbBTC-WBTC minimum and maximum center price

• Minimum & Maximum center price: 0.997 <> 0.998

Update cbBTC-WBTC threshold shift time

• New Rebalance time: 9 hrs

Update cbBTC-WBTC range

• Expand the Range
  • New Upper range: 0.15%
  • New Lower range: 0.15%

Increase limits for sUSDe/stables

• Vault ID 17
  sUSDe/USDC Vault:

• Vault Type: TYPE 1

  • Borrow Configuration:
    • Borrow Mode: 1
    • Borrow Expand Percent: 25%
    • Borrow Expand Duration: 12 hours
    • Borrow Base Limit in USD: $10M
    • Borrow Max Limit in USD: $50M

• Vault ID 18
  sUSDe/USDT Vault:

• Vault Type: TYPE 1

  • Borrow Configuration:
    • Borrow Mode: 1
    • Borrow Expand Percent: 20%
    • Borrow Expand Duration: 12 hours
    • Borrow Base Limit in USD: $10M
    • Borrow Max Limit in USD: $50M

Description

The proposal helps update the following parameters for cbBTC<>WBTC DEX Pool:

• Minimum and Maximum Center Price
• Upper and Lower Range
• Threshold Shift Time

Alongside, it also increase the limits for the two sUSDe/stable vaults:

• sUSDe/USDC
• sUSDe/USDT

Conclusion

The change in key configurations of cbBTC<>WBTC DEX helps to readjust and sync the DEX Pool with the market conditions and provide the sustainable environment for the LPs. The change of the sUSDe/stable vault limits help to tap into the potential market by expanding the limits.