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Proposal overview

Disable borrow for xSUSHI and DPI. Freeze reserves for UNI and BAL AMM Markets

Executed

Executed on 

Nov 01, 2021

Summary

A proposal to take precautionary measures by temporarily disabling borrow for xSUSHI and DeFi Pulse Index (DPI), and freezing deposits, borrows, and rate swaps for UNI/BAL AMM Markets.

Implementation

The proposal sets the LTV and liquidation threshold ratios by calling disableBorrowingOnReserve on the Aave: Lending Pool Configurator V2 contract at 0x311Bb771e4F8952E6Da169b425E7e92d6Ac45756, for xSUSHI at 0x8798249c2E607446EfB7Ad49eC89dD1865Ff4272 and DPI at 0x1494CA1F11D487c2bBe4543E90080AeBa4BA3C2b

The proposal calls freezeReserve on the LendingPoolConfigurator contract at 0x23A875eDe3F1030138701683e42E9b16A7F87768 for all UNI and BPT AMM Markets at the addresses listed in the docs.

Copyright

Copyright and related rights waived via CC0.

Special Thanks

Mudit Gupta, flashfish, Nipun, Emilio, Lasse Herskind, Gasper, Ernesto, Andrey, 0xMaki, Zer0dot, Stani, Ernesto, and numerous others on the Gauntlet team for assistance and review of this proposal.

Your voting info

Voting results

YAE

710.33K

100.00%

NAY

1.00

<0.01%

State
Executed

Executed on 

Nov 01, 2021
Quorum
Reached
Current votes

Required

710.33K

320.00K

Differential
Reached
Current differential

Required

710.33K

80,000.00

Total voting power

16,000,000

Proposal details

Created

Block

~ 28 Oct 2021, 10:40 pm

13508450

Started

Block

~ 28 Oct 2021, 10:40 pm

13508450

Executed

01 Nov 2021, 11:22 pm

Author

Nick Cannon, Watson Fu, Jonathan Reem, Tarun Chitra