Instadapp

Summary

This proposal helps to set launch limits for sUSDS on lending and initial vault limits for sUSDS based vaults.

Code Changes

Set introductory limits for sUSDS lending vault

• Lending Vault 6
  fsUSDS: 0x2BBE31d63E6813E3AC858C04dae43FB2a72B0D11
  • Supply Configuration:
    • Supply Mode: 1
    • Supply Expand Percent: 25%
    • Supply Expand Duration: 12 hours
    • Base Withdrawal Limit in USD: $10M

Set initial limits for sUSDS based vaults

• Vault ID 84
  ETH<>sUSDS:0x75305a6a8977E998573076FA3293A235E23C32Ad

  • Vault Type: TYPE 1
  • Supply Configuration:
    • Supply Mode: 1
    • Supply Expand Percent: 25%
    • Supply Expand Duration: 12 hours
    • Base Withdrawal Limit in USD: $50K
  • Borrow Configuration:
    • Borrow Mode: 1
    • Borrow Expand Percent: 20%
    • Borrow Expand Duration: 12 hours
    • Borrow Base Limit in USD: $40K
    • Borrow Max Limit in USD: $50K

• Vault ID 85
  wstETH<>sUSDS:0xE6867f586Ca5F630093247B910E448A92F3d0F67

  • Vault Type: TYPE 1
  • Supply Configuration:
    • Supply Mode: 1
    • Supply Expand Percent: 25%
    • Supply Expand Duration: 12 hours
    • Base Withdrawal Limit in USD: $50K
  • Borrow Configuration:
    • Borrow Mode: 1
    • Borrow Expand Percent: 20%
    • Borrow Expand Duration: 12 hours
    • Borrow Base Limit in USD: $40K
    • Borrow Max Limit in USD: $50K

• Vault ID 86
  cbBTC<>sUSDS:0x258D4e760b08A6929eF23ab0dce5CE2837FE61A5

  • Vault Type: TYPE 1
  • Supply Configuration:
    • Supply Mode: 1
    • Supply Expand Percent: 25%
    • Supply Expand Duration: 12 hours
    • Base Withdrawal Limit in USD: $50K
  • Borrow Configuration:
    • Borrow Mode: 1
    • Borrow Expand Percent: 20%
    • Borrow Expand Duration: 12 hours
    • Borrow Base Limit in USD: $40K
    • Borrow Max Limit in USD: $50K

Setting Team Multisig as Vault Auth for the Above Vaults

The Avocado team multisig: 0x4F6F977aCDD1177DCD81aB83074855EcB9C2D49e will serve as the auth for vault management for setting up the initial configuration of the following vaults.

• (Vault ID 84) ETH/sUSDS
• (Vault ID 85) wstETH/sUSDS
• (Vault ID 86) cbBTC/sUSDS

Description

This governance proposal helps to set introductory limits for fsUSDS lending vault & set initial limits for sUSDS based vaults The proposal includes the following:

1. Lending Vault:

   • Update launch allowance, the supply configurations for:
     • Lending Vault 6 - fsUSDS

2. Vault Management:

   • Set up initial allowances for the sUSDS debt vaults
     • Vault ID 84 - ETH/sUSDS - TYPE 1
     • Vault ID 85 - wstETH/sUSDS - TYPE 1
     • Vault ID 86 - cbBTC/sUSDS - TYPE 1

3. Multisig Authorization Updates:

   • Add team multisig as auth for the above mentioned sUSDS vaults

Conclusion

The inital configuration setup of the sUSDS based vaults and the fsUSDS lending vault helps with the smooth launch of the vaults to the liquidity layer hence supporting the growth and adoption of Fluid.