Collect Liquidity Layer Revenue, Migrate sUSDai Vault Oracles, Rebalance PST Vault 169, Set reUSD Launch Limits, and Raise PST/USDC + PST/USDT Max Borrow
Result details
Final Votes
Quorum
4.36M of 4M
Majority support
Yes
For
4.36M
Against
0
Abstain
0
Actions
Proposal
Proposal
Summary
This proposal:
- Collects the Liquidity Layer revenue for every token accruing >$5k (USDC, USDT, ETH, GHO, weETH) into the Fluid Reserve and forwards it to Team Multisig (
0x4F6F977aCDD1177DCD81aB83074855EcB9C2D49e) to clear the remaining residual (Resolv-related) debt. - Migrates the 8 live sUSDai vault oracles (vaults 171–173, 175–179) to newly deployed oracles referencing CappedRateChainlink_SUSDAI (
0xC5D27C5d356479b681328351F1583c63051E76a0, DF nonce 258) and re-points the sUSDai-USDC (DEX 46) and sUSDai-USDT (DEX 48) center prices to the same capped rate. - Rebalances the supply-side drift on the PST T4 vault 169 from the Reserve.
- Raises reUSD vault 170 (T4) and vault 181 (T3) from dust limits (IGP-135) to launch limits and removes Team Multisig auth on both.
- Raises the PST / USDC (165) and PST / USDT (166) T1 vault max borrow limits to $15.1M (from $10M).
Code Changes
Action 1: Collect Liquidity Layer Revenue and Forward to Team Multisig for Residual Debt Repayment
LIQUIDITY.collectRevenueinto the Reserve (0x264786EF916af64a1DB19F513F24a3681734ce92) for the tokens accruing >$5k: USDC, USDT, ETH, GHO, and weETH. Tokens below $5k (wstETH, USDe) are excluded.withdrawFundsforwards each balance minus operational dust (-10for 6-decimal tokens,-0.1 etherfor 18-decimal and native ETH) to Team Multisig toward repayment of the residual (Resolv-related) debt, reason"REVENUE COLLECTION". USDC retains3,400in the Reserve to self-fund the Action 3 rebalance's USDC leg.
Action 2: Migrate sUSDai Vault Oracles to the Capped Chainlink Rate
Eight updateOracle calls — T1 vaults by address, T2/T3/T4 by DeployerFactory nonce. Each new oracle's rates are sanity-checked on-chain during the update; max operate-rate delta vs the current oracles is <0.01%.
| vaultId | Type | Market | Argument | New oracle (DF nonce) |
|---|---|---|---|---|
| 171 | T1 | sUSDai / USDC | address 0x08E954EfD116563894dec499EFF1Ed34F4B1Ef4e | GenericOracle_SUSDAI_USDC (259) |
| 172 | T1 | sUSDai / USDT | address 0xcDC110DCE4A65c15F613D37D99450dbbC853eA72 | GenericOracle_SUSDAI_USDT (260) |
| 179 | T1 | sUSDai / GHO | address 0x0327cBbBFd3BfF6F32EB0A832F00c7B382b863B4 | GenericOracle_SUSDAI_GHO (261) |
| 178 | T2 | sUSDai-USDC / USDC | nonce 262 | DexSmartColPegOracle_SUSDAI-USDC_USDC (262) |
| 177 | T2 | sUSDai-USDT / USDT | nonce 263 | DexSmartColPegOracle_SUSDAI-USDT_USDT (263) |
| 173 | T3 | sUSDai / USDC-USDT | nonce 264 | DexSmartDebtPegOracle_SUSDAI_USDC-USDT (264) |
| 175 | T4 | sUSDai-USDC / USDC-USDT | nonce 265 | DexSmartDebtPegOracle_T4_SUSDAI-USDC_USDC-USDT (265) |
| 176 | T4 | sUSDai-USDT / USDC-USDT | nonce 266 | DexSmartDebtPegOracle_T4_SUSDAI-USDT_USDC-USDT (266) |
Center prices for DEX 46 (0xA2E3A4e2A08b5714FA974Ce88466D736BD8b39d9) and DEX 48 (0xb9b87A1B79891A8C9251F501B1b5d71bC7c8aA24) move from the current contract (DF nonce 248) to the capped rate (258) with a 1% / 2 days bound (IGP-105 pattern); the near-identical new value completes the shift well within the cap. DEX 47 (USDai-USDC) does not track the sUSDai rate and is left unchanged.
Action 3: Rebalance PST T4 Vault (169) Supply Drift from the Reserve
Vault 169 (smart col Dex_PST_USDC / smart debt Dex_USDC_USDT, 0x04F461756D3799Bfa05f1a367c41FaBa09743791) has drifted above its Liquidity-layer supply position (supply rewards). Flow (IGP-131 pattern):
- Approve the vault to pull
2,400 PST+3,400 USDCfrom the Reserve. - Temporarily allow-list the Timelock as rebalancer and run
rebalanceDexVaultson vault 169 — the supply drift is deposited back into the collateral DEX (bounded by the approvals and the vault's own share drift), and any positive smart-debt drift (USDC/USDT) flows into the Reserve — then remove the allow-list entry. - Revoke the leftover PST + USDC allowance.
Action 4: reUSD DEX 44 + Vaults 170 + 181 Launch Limits + Remove Team MS Auth
Raises the reUSD market from dust limits (IGP-135) to launch limits. Vault risk params (CF 87% / LT 90% / LML 93% / LP 3.5%) and the DEX 44 fee (2 bps), range (0.3% symmetric) and Team MS auth are already set via MS1.
| Market | Change |
|---|---|
| DEX 44 (reUSD-USDT, smart col) | Max supply shares → 12.1M (~$24M @ ~$1.98/share; from ~6M on-chain); $10M base withdrawal per token (reUSD + USDT) |
Vault 170 (T4 reUSD-USDT / USDC-USDT, 0x18aEcd810742a6aE160F4C641fBbb14f15b7ED55) | Col: ~$8M base withdrawal (4M DEX 44 shares), 35% / 6h. Debt: ~$5M / ~$10M base/max borrow (2.5M / 5M DEX 2 shares), 30% / 6h. Team MS auth removed |
Vault 181 (T3 reUSD / GHO-USDC, 0x1e3a423bBD2820B08a7Dca2E5D683C143BB11c53) | Supply: $8M REUSD base withdrawal, 35% / 6h. Debt: ~$5M / ~$10M base/max borrow (2.5M / 5M DEX 4 shares), 30% / 6h. Team MS auth removed |
GHO-USDC DEX (id 4) max borrow shares (~21.6M) already cover the vault's $10M borrow cap; no DEX-level cap change needed.
Action 5: Raise PST / USDC (165) + PST / USDT (166) Max Borrow to $15.1M
Both markets were launched in IGP-131 at $8M withdraw / $5M base borrow / $10M max borrow (TYPE_1, 50% / 6h borrow expansion). This action raises only the max debt ceiling to $15.1M; the base borrow limit ($5M), withdrawal limit ($8M) and expansion (50% / 6h) are unchanged.
| Market | Id | Type | Change |
|---|---|---|---|
| PST / USDC | 165 | TYPE_1 | Max borrow $10M → $15.1M (USDC LL) |
| PST / USDT | 166 | TYPE_1 | Max borrow $10M → $15.1M (USDT LL) |
Conclusion
IGP-136 collects the >$5k Liquidity Layer revenue (USDC, USDT, ETH, GHO, weETH) into the Fluid Reserve and forwards it to Team Multisig to clear the remaining residual (Resolv-related) debt, migrates the 8 sUSDai vault oracles and the DEX 46/48 center prices to CappedRateChainlink_SUSDAI, rebalances the PST T4 vault (169) supply drift from the Reserve, raises reUSD vaults 170 and 181 to launch limits with Team Multisig auth removed, and raises the PST/USDC (165) and PST/USDT (166) max borrow limits to $15.1M.
Final Votes
Quorum
4.36M of 4M
Majority support
Yes
For
4.36M
Against
0
Abstain
0
Final Votes
Status
Fri Jul 17, 05:42 pm
Voting period started
Sun Jul 19, 05:53 pm
Voting period ended