Instadapp

Summary

This proposal implements several key changes: (1) setting launch limits for sUSDe-GHO/USDC-GHO T4 vault, (2) configuring dust limits for USDC-USDT-CONCENTRATED DEX and its vaults, (3) updating range and center price parameters for WBTC-cbBTC DEX, (4) updating rate curve parameters for sUSDS, and (5) setting launch limits for iUSD-USDe DEX. These changes collectively optimize market parameters, and improve risk management across various protocol components.

Code Changes

Action 1: Set Launch Limits for sUSDe-GHO/USDC-GHO T4 Vault

• DEX Pool 33
  sUSDe-GHO:

  • Base Withdrawal Limit: $5M
  • Smart Collateral: Enabled
  • Smart Debt: Disabled
  • Team Multisig Auth: False

• Vault ID 125
  sUSDe-GHO<>USDC-GHO:

  • Expand Percent: 30%
  • Expand Duration: 6 hours
  • Base Debt Ceiling: 2.5M shares ($5M)
  • Max Debt Ceiling: 5M shares ($10M)
  • Team Multisig Auth: False

Action 2: Set Dust Limits for USDC-USDT-CONCENTRATED DEX and Vaults

• DEX Pool 34
  USDC-USDT-CONCENTRATED:

  • Base Borrow Limit: $8k
  • Max Borrow Limit: $10k
  • Smart Collateral: Disabled
  • Smart Debt: Enabled
  • Team Multisig Auth: True

• Vault ID 126
  sUSDe-USDT<>USDT-USDC-CONCENTRATED:

  • Expand Percent: 35%
  • Expand Duration: 6 hours
  • Base Withdrawal Limit: 5k shares
  • Team Multisig Auth: Enabled

• Vault ID 127
  USDe-USDT<>USDT-USDC-CONCENTRATED:

  • Expand Percent: 35%
  • Expand Duration: 6 hours
  • Base Withdrawal Limit: 5k shares
  • Team Multisig Auth: Enabled

Action 3: Update Range and Center Price for WBTC-cbBTC

• DEX Pool 3
  WBTC-cbBTC:
  • Non-Rebalancing Threshold: 0%
  • Min Center Price: 0.9975
  • Max Center Price: 1.0025
  • Center Price Contract: 0x8fF617540aF10bAc87c47ba9dAaeaA1aEe479C1F (Static 0.9985)
  • Center Price Update: 0.3% over 2 days

Action 4: Update Rate Curve for sUSDS

• Token: sUSDS
  • Kink: 90%
  • Rate at Utilization Zero: 0%
  • Rate at Utilization Kink1: 0.75%
  • Rate at Utilization Max: 10%

Action 5: Set Launch Limits for iUSD-USDe DEX

• DEX Pool 35
  iUSD-USDe:
  • Base Withdrawal Limit: $5M
  • Smart Collateral: Enabled
  • Smart Debt: Disabled
  • Team Multisig Auth: True

Description

This proposal implements several key changes to enhance protocol security and optimize market parameters. The changes include:

1. Vault Launch Configuration

   • Launch sUSDe-GHO/USDC-GHO T4 vault with initial safety parameters
   • Configure withdrawal and borrow limits for secure deployment

2. DEX and Vault Dust Limits:

   • Set dust limits for USDC-USDT-CONCENTRATED DEX
   • Configure withdrawal limits for associated vaults

3. WBTC-cbBTC Parameter Optimization:

   • Update range parameters for improved price stability
   • Implement new center price update mechanism
   • Enhance market efficiency through optimized price parameters

4. Rate Curve Updates:

   • Optimize sUSDS rate curve parameters
   • Implement new kink point and rate structure
   • Enhance lending efficiency through improved rate mechanics

5. New DEX Launch Configuration:

   • Set launch parameters for iUSD-USDe DEX
   • Configure appropriate withdrawal limits

Conclusion

These updates collectively strengthen the protocol’s risk management framework while optimizing operational parameters. The implementation of new vault and DEX configurations, along with parameter optimizations for existing markets, enhances overall protocol security and efficiency. The standardized approach to launch limits and rate curves ensures consistent risk management across new and existing markets.