Proposals

Proposals

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Proposal

Executed

Initial Letter Of Credit Related Configurations

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by

by

0xb59EeD69061F12E78DDa3697415e9C735...

0xb59E...17C2

ID 289907...6079

ID 289907...6079

Proposed on: Sep 26th, 2024

Proposed on: Sep 26th, 2024

Votes

Actions

Type

Address

Details

Custom

0x5d27...675f

upsertCollateralizableContractApprovals(..)

Custom

Account

0x5d27...675f

Method

upsertCollateralizableContractApprovals(..)

Custom

0x1A32...2961

upsertCreditedTokens(..)

Custom

Account

0x1A32...2961

Method

upsertCreditedTokens(..)

Custom

0x1A32...2961

upsertCollateralFactors(..)

Custom

Account

0x1A32...2961

Method

upsertCollateralFactors(..)

Custom

0x1A32...2961

updateMaxLocDurationSeconds(..)

Custom

Account

0x1A32...2961

Method

updateMaxLocDurationSeconds(..)

Custom

0xC6f3...Ee05

upsertPriceFeedIds(..)

Custom

Account

0xC6f3...Ee05

Method

upsertPriceFeedIds(..)

Proposal

  1. Adds LetterOfCredit contract as an authorized collateralizable contract in the CollateralVault contract
  2. Adds USDC, USDT, and WETH as supported credited tokens within the LetterOfCredit contract
    • USDC(0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48): minPerLOC: 100,000,000, maxPerLOC: 100,000,000,000, globalMaxInUse: 10,000,000,000,000
    • USDT(0xdac17f958d2ee523a2206206994597c13d831ec7): minPerLOC: 100,000,000, maxPerLOC: 100,000,000,000, globalMaxInUse: 10,000,000,000,000
    • WETH(0xc02aaa39b223fe8d0a0e5c4f27ead9083c756cc2): minPerLOC: 28,000,000,000,000,000, maxPerLOC: 30,000,000,000,000,000,000, globalMaxInUse: 3,000,000,000,000,000,000,000
  3. Adds AssetPairCollateralFactors for all collateral/credited token pairs in LetterOfCredit contract (0) collateralToken: USDC(0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48), creditedToken: USDT(0xdac17f958d2ee523a2206206994597c13d831ec7), creation CF basis points: 7500, liquidation CF basis points: 8500, liquidator incentive basis points: 800 (1) collateralToken: USDC(0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48), creditedToken: WETH(0xc02aaa39b223fe8d0a0e5c4f27ead9083c756cc2), creation CF basis points: 6500, liquidation CF basis points: 7800, liquidator incentive basis points: 800 (2) collateralToken: USDT(0xdac17f958d2ee523a2206206994597c13d831ec7), creditedToken: USDC(0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48), creation CF basis points: 7500, liquidation CF basis points: 8500, liquidator incentive basis points: 800 (3) collateralToken: USDT(0xdac17f958d2ee523a2206206994597c13d831ec7), creditedToken: WETH(0xc02aaa39b223fe8d0a0e5c4f27ead9083c756cc2), creation CF basis points: 6500, liquidation CF basis points: 7800, liquidator incentive basis points: 800 (4) collateralToken: WETH(0xc02aaa39b223fe8d0a0e5c4f27ead9083c756cc2), creditedToken: USDC(0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48), creation CF basis points: 6500, liquidation CF basis points: 7800, liquidator incentive basis points: 800 (5) collateralToken: WETH(0xc02aaa39b223fe8d0a0e5c4f27ead9083c756cc2), creditedToken: USDT(0xdac17f958d2ee523a2206206994597c13d831ec7), creation CF basis points: 6500, liquidation CF basis points: 7800, liquidator incentive basis points: 800
  4. Updates the maximum LOC duration to 500 days
  5. Adds Pyth Feed IDs for USDC/USD, USDT/USD, and WETH/USD to PythPriceOracle adapter contract
    • USDC(0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48) pyth price feed ID: 0xeaa020c61cc479712813461ce153894a96a6c00b21ed0cfc2798d1f9a9e9c94a
    • USDT(0xdac17f958d2ee523a2206206994597c13d831ec7) pyth price feed ID: 0x2b89b9dc8fdf9f34709a5b106b472f0f39bb6ca9ce04b0fd7f2e971688e2e53b
    • WETH(0xc02aaa39b223fe8d0a0e5c4f27ead9083c756cc2) pyth price feed ID: 0x9d4294bbcd1174d6f2003ec365831e64cc31d9f6f15a2b85399db8d5000960f6

For more information, see Anvil Forum post: https://forum.anvil.xyz/t/proposal-initial-letter-of-credit-related-configurations/85

Votes
Status