Instadapp

Summary

This proposal implements several key changes to optimize DEX operations and enhance protocol security: (1) updating range, center price, and fee parameters for the USDC-USDT DEX, (2) adjusting the center price for WBTC-cbBTC DEX, (3) updating supply and borrow limits for sUSDe-USDT and USDe-USDT DEXes, (4) updating vault and DEX authorizations for FLUID-ETH/ETH Vault and FLUID-ETH DEX, (5) increasing borrow shares for GHO-USDC DEX, (6) updating borrow limits for sUSDe-USDT<>USDT vault, and (7) updating limits for USDC-USDT-CONCENTRATED DEX. These changes collectively improve market efficiency, enhance risk management, and optimize protocol operations.

Code Changes

Action 1: Update Range, Center Price and Fee for USDC-USDT DEX

• DEX Pool 2
  USDC-USDT:
  • Range Percent: ±0.15%
  • Rebalancing Threshold: 0% (Non Rebalancing)
  • Center Price Update: 0.1% over 5 days
  • Min Center Price: 0.9985
  • Max Center Price: 1.0015
  • Trading Fee: 0.001%
  • Revenue Cut: 25%
  • Fee Handler: Removed (0x65454D16A39c7b5b52A67116FC1cf0a5e5942EFd)

Action 2: Update Center Price for WBTC-cbBTC DEX

• DEX Pool 3
  WBTC-cbBTC:
  • Non-Rebalancing Threshold: 0%
  • Min Center Price: 0.9984
  • Max Center Price: 0.9990
  • Center Price Contract: 0x8fF617540aF10bAc87c47ba9dAaeaA1aEe479C1F
  • Center Price Update: 0.05% over 5 days

Action 3: Update Limits for sUSDe-USDT, USDe-USDT and USDC-USDT DEXes

• DEX Pool 15
  sUSDe-USDT:

  • Max Supply Shares: 37.5M shares (increased from 30M)

• DEX Pool 18
  USDe-USDT:

  • Max Supply Shares: 17.5M shares (increased from 12.5M)

Action 4: Update Vault & DEX Auth for FLUID-ETH/ETH Vault and FLUID-ETH DEX

• Vault ID 76
  FLUID-ETH/ETH:

  • Team Multisig Auth: Enabled

• DEX Pool 11
  FLUID-ETH:

  • Team Multisig Auth: Enabled

Action 5: Update Borrow Shares for GHO-USDC DEX

• DEX Pool 4
  GHO-USDC:
  • Max Borrow Shares: 11M shares (increased from 6M)

6. Update sUSDe-USDT<>USDT Vault Limits

• Vault ID 92
  sUSDe-USDT<>USDT (TYPE 2):
  • Base Borrow Limit: $12M
  • Max Borrow Limit: $25M

7. Update USDC-USDT-CONCENTRATED DEX Limits

• DEX Pool 34
  USDC-USDT-CONCENTRATED:
  • Base Borrow Limit: $11M
  • Max Borrow Limit: $22M

Description

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

1. USDC-USDT DEX Optimization:

   • Implement tighter range parameters for improved price stability
   • Update center price mechanism with new thresholds
   • Configure new fee structure and handler
   • Enhance market efficiency through optimized parameters

2. WBTC-cbBTC Parameter Update:

   • Implement new center price update mechanism
   • Optimize price stability parameters

3. DEX Supply and Borrow Limits:

   • Increase supply limits for sUSDe-USDT and USDe-USDT markets
   • Adjust borrow limits for USDC-USDT market
   • Enhance market capacity while maintaining risk parameters

4. Authorization Updates:

   • Enable team multisig authorization for FLUID-ETH/ETH vault
   • Enable team multisig authorization for FLUID-ETH DEX
   • Strengthen security controls for key protocol components

5. GHO-USDC Market Expansion:

   • Increase borrow capacity for GHO-USDC market
   • Support growing market demand while maintaining risk parameters

6. sUSDe-USDT<>USDT Vault Enhancement:

   • Increase base borrow limit to $12M
   • Set maximum borrow limit to $25M
   • Optimize vault parameters for improved market efficiency
   • Enhance liquidity provision capabilities

7. USDC-USDT-CONCENTRATED Market Optimization:

   • Implement new base borrow limit of $12.5M
   • Set maximum borrow limit to $20.5M
   • Optimize concentrated liquidity parameters
   • Improve market depth and trading efficiency

Conclusion

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