Executed

Upgrade USDC+ Collateral Plugins


Proposal ID

128760...5985

Proposed

Dec 6th, 2023

Result details
Final Votes

Quorum

5M of 0

Majority support

Yes

For

5M

Against

0

Abstain

0

Actions

Type

Address

Details

Custom

0x0Ea1...fbf2

upgradeTo(..)

Custom

Account

0x0Ea1...fbf2

Method

upgradeTo(..)

Custom

0x892E...9e19

upgradeTo(..)

Custom

Account

0x892E...9e19

Method

upgradeTo(..)

Custom

0x0a1c...7EEf

upgradeTo(..)

Custom

Account

0x0a1c...7EEf

Method

upgradeTo(..)

Custom

0x7aFc...B305

setBatchTradeImplementation(..)

Custom

Account

0x7aFc...B305

Method

setBatchTradeImplementation(..)

Proposal

The following transaction batch is the proposed upgrade path for USDC+ to adopt improvements in the 3.0.1 version of the Reserve Protocol. This will allow USDC+ to trade wcUSDC. Included in this proposal is swapping out the current fUSDC-Vault asset for a raw version of fUSDC, that is not wrapped in an extra vault. Interacting with fUSDC is 10x more gas efficient than interacting with the current fUSDC-Vault, and since there are currently no plans for Flux to offer rewards, there is no need for the vault structure. If this proposal is passed an executed, trading will need to occur to swap out the old fUSDC-Vault tokens for fUSDC tokens. This can be done with 0 capital up front, using flashloans over the course of 1 or 2 dutch auctions.

Final Votes

Quorum

5M of 0

Majority support

Yes

For

5M

Against

0

Abstain

0

Final Votes
Status

Wed Dec 6, 06:06 pm

Draft created

Wed Dec 6, 06:04 pm

Published onchain

Thu Dec 14, 09:54 am

Voting period started

Sun Dec 17, 09:54 am

Voting period ended

Mon Dec 18, 01:56 pm

Proposal queued

Thu Dec 21, 04:39 pm

Proposal executed