Executed

{"version":"v2","title":"VIP-77 Upgrade comptroller and set supply caps","description":"VIP-77 releases the changes implemented in [PR 164](https://github.com/VenusProtocol/venus-protocol/pull/164).


ID 77

ID 77

Proposed on: Oct 27th, 2022

Proposed on: Oct 27th, 2022

Votes

Actions

Type

Address

Details

Custom

0xfD36...8384

_setPendingImplementation(..)

Custom

Account

0xfD36...8384

Method

_setPendingImplementation(..)

Custom

0xAe8B...D3e6

_become(..)

Custom

Account

0xAe8B...D3e6

Method

_become(..)

Custom

0xfD36...8384

_setAccessControl(..)

Custom

Account

0xfD36...8384

Method

_setAccessControl(..)

Custom

0xfD36...8384

_setMarketSupplyCaps(..)

Custom

Account

0xfD36...8384

Method

_setMarketSupplyCaps(..)

Proposal

The changes to the Comptroller contract allow for faster and more fine-grained reaction to changing market conditions:

  • Supply cap is introduced to prevent market manipulation attacks.
  • Risk parameters (collateral factor, supply cap, borrow cap) can now be configured with a risk manager multisig.
  • Certain actions can now be paused and unpaused on a per-market basis without a VIP with a pause guardian multisig.

Access control for risk parameters and pausing is now moved to a separate Access Control Manager contract. Governance owns the access control contract, so the roles can be asigned and unassigned by governance only.

This VIP sets the supply cap for the following markets:

  • SXP: 25M SXP
  • LTC: 2M LTC
  • XRP: 1B XRP
  • BCH: 500K BCH
  • DOT: 33M DOT
  • LINK: 15M LINK
  • FIL: 9M FIL
  • ADA: 1B ADA
  • DOGE: 4B DOGE
  • MATIC: 262M MATIC
  • CAKE: 7M CAKE
  • AAVE: 422K AAVE
  • LUNA: 0 LUNA
  • UST: 0 UST

The supply cap of 0 means that no further supply is allowed (so nothing changes for LUNA and UST). The supply caps are subject for further adjustment. ","forDescription":"I agree that Venus Protocol should upgrade the Comptroller contract and set the supply caps","againstDescription":"I do not think that Venus Protocol should upgrade the Comptroller contract and set the supply caps","abstainDescription":"I am indifferent to whether Venus Protocol upgrades the Comptroller contract and sets the supply caps"}

Votes
Status