Instadapp

Summary

This proposal implements several key changes: (1) setting dust limits for sUSDe-GHO and USDC-GHO DEXes, (2) reducing allowances for fUSDC and fUSDT, (3) removing borrow rewards handlers and team multisig as auth on various vaults, (4) pausing limits for unlaunched USDe collateral vaults and deprecated DEXes, (5) setting launch limits for RLP-USDC DEX, (6) configuring gold-based markets (PAXG and XAUT), (7) updating borrow limits for sUSDe/USDC, (8) adjusting range parameters for USD0-USDC DEX, (9) depositing stETH from Treasury to Lite, and (10) updating limits for wstETH-ETH and weETH-ETH DEXes and vaults. These changes collectively enhance protocol security, optimize market parameters, and prepare new markets for launch.

Code Changes

1. Set Dust Limits for sUSDe-GHO and USDC-GHO DEXes

• DEX Pool 33
  sUSDe-GHO:
  • Base Withdrawal Limit: $10k
  • Base Borrow Limit: $0
  • Max Borrow Limit: $0
  • Smart Collateral: Enabled

2. Set Dust Limits for sUSDe-GHO/USDC-GHO T4 Vault

• Vault ID 125
  sUSDe-GHO<>USDC-GHO:
  • Expand Percent: 30%
  • Expand Duration: 6 hours
  • Base Debt Ceiling: $8k
  • Max Debt Ceiling: $10k

3. Reduce Allowance of fUSDC and fUSDT

• fUSDC:

  • New Allowance: 1.2M USDC

• fUSDT:

  • New Allowance: 1.2M USDT

4. Remove Borrow Rewards Handlers as Vault Auth

• Vault ID 29
  cbBTC-USDC:

  • Remove auth from Fee Handler (0x7110cED08f0E26c14a2eF7A980c4F17C70aBa7c0)

• Vault ID 30
  cbBTC-USDT:

  • Remove auth from Fee Handler (0xf5fD6c6f936689018215CB10d7a5b99A43a39D28)

• Vault ID 22
  wBTC-USDT:

  • Remove auth from Fee Handler (0x6D90d460929b921f6C74838a9d25CC69B486D605)

• Vault ID 21
  wBTC-USDC:

  • Remove auth from Fee Handler (0x5E5768B6b42c12dA8e75eb0AA6fD47Be33a5b24e)

5. Remove Team Multisig as Auth on Unlaunched Vaults

• Vault ID 62
  USDC-ETH<>USDC-ETH:

  • Remove Team Multisig auth

• Vault ID 63
  WBTC-ETH<>WBTC-ETH:

  • Remove Team Multisig auth

• Vault ID 64
  cbBTC-ETH<>cbBTC-ETH:

  • Remove Team Multisig auth

• Vault ID 65
  USDe-USDC<>USDe-USDC:

  • Remove Team Multisig auth

• Vault ID 75
  FLUID-ETH<>ETH:

  • Remove Team Multisig auth

• Vault ID 95
  eBTC-cbBTC:

  • Remove Team Multisig auth

6. Pause Limits for Unlaunched USDe Collateral Vaults

• Vault ID 66
  USDe-USDC:

  • Pause supply and borrow limits

• Vault ID 67
  USDe-USDT:

  • Pause supply and borrow limits

• Vault ID 68
  USDe-GHO:

  • Pause supply and borrow limits

7. Pause Limits for Deprecated DEXes

• DEX Pool 5
  USDC-ETH:

  • Pause supply and borrow limits
  • Pause user operations for both tokens

• DEX Pool 6
  WBTC-ETH:

  • Pause supply and borrow limits
  • Pause user operations for both tokens

• DEX Pool 7
  cbBTC-ETH:

  • Pause supply and borrow limits
  • Pause user operations for both tokens

• DEX Pool 8
  USDe-USDC:

  • Pause supply and borrow limits
  • Pause user operations for both tokens

• DEX Pool 10
  FLUID-ETH:

  • Pause supply limits

8. Set Launch Limits for RLP-USDC DEX

• DEX Pool 28
  RLP-USDC:
  • Base Withdrawal Limit: $6.5M
  • Smart Collateral: Enabled
  • Max Supply Shares: $10M
  • Remove Team Multisig auth
  • Set rebalancer to Reserve Contract

9. Set Launch Limits for Gold Vaults and DEX

• DEX Pool 32
  PAXG-XAUT:

  • Base Withdrawal Limit: $1.2M
  • Smart Collateral: Enabled
  • Max Supply Shares: $2M
  • Add Team Multisig auth

• Vault ID 116
  XAUT/USDC (TYPE 1):

  • Base Withdrawal Limit: $5M
  • Base Borrow Limit: $1.5M
  • Max Borrow Limit: $1.5M
  • Remove Team Multisig auth

• Vault ID 117
  XAUT/USDT (TYPE 1):

  • Base Withdrawal Limit: $5M
  • Base Borrow Limit: $1.5M
  • Max Borrow Limit: $1.5M
  • Remove Team Multisig auth

• Vault ID 118
  XAUT/GHO (TYPE 1):

  • Base Withdrawal Limit: $5M
  • Base Borrow Limit: $1.5M
  • Max Borrow Limit: $1.5M
  • Remove Team Multisig auth

• Vault ID 119
  PAXG/USDC (TYPE 1):

  • Base Withdrawal Limit: $5M
  • Base Borrow Limit: $2.5M
  • Max Borrow Limit: $2.5M
  • Remove Team Multisig auth

• Vault ID 120
  PAXG/USDT (TYPE 1):

  • Base Withdrawal Limit: $5M
  • Base Borrow Limit: $2.5M
  • Max Borrow Limit: $2.5M
  • Remove Team Multisig auth

• Vault ID 121
  PAXG/GHO (TYPE 1):

  • Base Withdrawal Limit: $5M
  • Base Borrow Limit: $2.5M
  • Max Borrow Limit: $2.5M
  • Remove Team Multisig auth

• Vault ID 122
  PAXG-XAUT<>USDC (TYPE 2):

  • Base Borrow Limit: $2M
  • Max Borrow Limit: $2M
  • Remove Team Multisig auth

• Vault ID 123
  PAXG-XAUT<>USDT (TYPE 2):

  • Base Borrow Limit: $2M
  • Max Borrow Limit: $2M
  • Remove Team Multisig auth

• Vault ID 124
  PAXG-XAUT<>GHO (TYPE 2):

  • Base Borrow Limit: $2M
  • Max Borrow Limit: $2M
  • Remove Team Multisig auth

10. Update Borrow Limits for sUSDe/USDC

• Vault ID 7
  sUSDe/USDC:
  • Expand Percent: 1%
  • Expand Duration: 720 hours
  • Base Borrow Limit: $2.5k
  • Max Borrow Limit: $2.5k

11. Update Range Parameters for USD0-USDC DEX

• DEX Pool 23
  USD0-USDC:
  • Upper Range: +0.05%
  • Lower Range: -0.5%
  • Duration: 2 days

12. Deposit stETH from Treasury to Lite

• Action: Deposit stETH into Lite
  • Amount: Complete Treasury Balance
  • Target: IETHV2

13. Update Limits for wstETH-ETH DEX and vault

• DEX Pool 1
  wstETH-ETH:

  • Base Withdrawal Limit: $20M

  • Base Borrow Limit: $26M

  • Max Borrow Limit: $51M

  • Max Supply Shares: 9000 shares

  • Max Borrow Shares: 8100 shares

• Vault ID 44
  wstETH-ETH<>wstETH-ETH (TYPE 4):

  • Base Borrow Limit: 3000 shares
  • Max Borrow Limit: 12000 shares

14. Update Max Supply shares and Range Percentages for weETH-ETH DEX

• DEX Pool 9
  weETH-ETH:
  • Max Supply Shares: 10000 shares
  • Upper Range: +0.0001%
  • Lower Range: -0.07%
  • Duration: 0 days

Description

This proposal implements several key changes to enhance protocol security and prepare new markets for launch. The changes include:

1. Market Configuration:

   • Set dust limits for sUSDe-GHO and USDC-GHO DEXes
   • Configure launch parameters for RLP-USDC DEX
   • Set up comprehensive parameters for gold-based markets (PAXG and XAUT)
   • Update limits for wstETH-ETH DEX & Vault and max supply shares for weETH-ETH DEX

2. Security Enhancements:

   • Remove borrow rewards handlers as vault auth
   • Remove team multisig as auth on unlaunched vaults
   • Pause limits for unlaunched USDe collateral vaults
   • Pause limits for bugged DEXes
   • Pause user operations for affected DEXes

3. Protocol Optimization:

   • Reduce allowances for fUSDC and fUSDT
   • Update borrow limits for sUSDe/USDC
   • Adjust range parameters for USD0-USDC DEX
   • Set rebalancer for RLP-USDC DEX
   • Update range parameters for weETH-ETH DEX

4. Treasury Management:

   • Deposit complete stETH balance from Treasury to Lite

Conclusion

This proposal implements comprehensive changes to enhance protocol security, optimize market parameters, and prepare new markets for launch. The updates to auth permissions, market limits, and range parameters will improve protocol security while maintaining efficiency. The launch of gold-based markets and updates to ETH-based markets expands the protocol’s offerings and provides new opportunities for users. These changes collectively strengthen the protocol’s foundation and support its continued growth.