CGP 151 - Launch of $cCOP (#491)

* CGP 151 - Launch of $cCOP * chore: update rateResetFreq to 6 minutes * chore: add proposal id
celo-org · Oct 24, 2024 · 636bfa7 · 636bfa7
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diff --git a/CGPs/cgp-0151.md b/CGPs/cgp-0151.md
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+---
+cgp: 151
+title: Launch of the cCOP Stablecoin
+date-created: 2024-10-17
+author: "Bayo Sodimu (bayo.sodimu@mentolabs.xyz), @nvtaveras"
+status: PROPOSED
+discussions-to: https://forum.celo.org/t/launch-of-ccop-colombia-s-first-decentralized-stablecoin/9211
+governance-proposal-id: 191
+date-executed:
+---
+
+## Overview
+
+This proposal outlines the final steps for the launch of the $cCOP stablecoin, proposed by Celo Colombia DAO, on the Mento platform.
+
+The proposal includes transactions that when executed will do the following:
+
+- Launch and initialize $cCOP
+- Create and configure the cUSD/cCOP pool
+- Configure trading limits and circuit breakers
+
+For a detailed explanation of the transactions involved in this process, please refer to the following [forum post](https://forum.celo.org/t/launch-of-ccop-colombia-s-first-decentralized-stablecoin/9211)
+
+## Proposed Changes
+
+Check the [forum post](https://forum.celo.org/t/launch-of-ccop-colombia-s-first-decentralized-stablecoin/9211) for a detailed description of the proposed changes.
+
+## Verification
+
+Check the [forum post](https://forum.celo.org/t/launch-of-ccop-colombia-s-first-decentralized-stablecoin/9211) for a detailed description of verification steps.
+
+## Risks
+
+There are couple of risks factors to take into account when launching new stablecoin like $cCOP:
+
+- Data providers report the price that is different from the actual COP/USD exchange rate.
+
+In conjunction with the Mento team the contract changes have been thoroughly tested, in addition to putting tight limits and circuit breakers during the initial launch phase to protect the Mento Reserve and $cCOP holders.
+
+## Useful Links
+
+- [cCOP Proposal Forum Post](https://forum.celo.org/t/launch-of-ccop-colombia-s-first-decentralized-stablecoin/9211)
+- [Mento Core Contracts](https://github.com/mento-protocol/mento-core)
+- [Mento Docs](https://docs.mento.org)
diff --git a/CGPs/cgp-0151/mainnet.json b/CGPs/cgp-0151/mainnet.json
@@ -0,0 +1,160 @@
+[
+  {
+    "contract": "StableTokenCOPProxy",
+    "address": "0x8A567e2aE79CA692Bd748aB832081C45de4041eA",
+    "function": "_setAndInitializeImplementation",
+    "args": [
+      "0x434563B0604BE100F04B7Ae485BcafE3c9D8850E",
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+    ],
+    "value": "0"
+  },
+  {
+    "contract": "StableTokenV2",
+    "address": "0x8A567e2aE79CA692Bd748aB832081C45de4041eA",
+    "function": "initializeV2",
+    "args": [
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+      "0xaEb865bCa93DdC8F47b8e29F40C5399cE34d0C58",
+      "0x0000000000000000000000000000000000000000"
+    ],
+    "value": "0"
+  },
+  {
+    "contract": "Governance",
+    "address": "0xD533Ca259b330c7A88f74E000a3FaEa2d63B7972",
+    "function": "setConstitution",
+    "args": [
+      "0x8A567e2aE79CA692Bd748aB832081C45de4041eA",
+      "0xa9059cbb",
+      "900000000000000000000000"
+    ],
+    "value": "0"
+  },
+  {
+    "contract": "Governance",
+    "address": "0xD533Ca259b330c7A88f74E000a3FaEa2d63B7972",
+    "function": "setConstitution",
+    "args": [
+      "0x8A567e2aE79CA692Bd748aB832081C45de4041eA",
+      "0xe1d6aceb",
+      "600000000000000000000000"
+    ],
+    "value": "0"
+  },
+  {
+    "contract": "Governance",
+    "address": "0xD533Ca259b330c7A88f74E000a3FaEa2d63B7972",
+    "function": "setConstitution",
+    "args": [
+      "0x8A567e2aE79CA692Bd748aB832081C45de4041eA",
+      "0x095ea7b3",
+      "600000000000000000000000"
+    ],
+    "value": "0"
+  },
+  {
+    "contract": "Reserve",
+    "address": "0x9380fA34Fd9e4Fd14c06305fd7B6199089eD4eb9",
+    "function": "addToken",
+    "args": ["0x8A567e2aE79CA692Bd748aB832081C45de4041eA"],
+    "value": "0"
+  },
+  {
+    "contract": "FeeCurrencyWhitelist",
+    "address": "0xBB024E9cdCB2f9E34d893630D19611B8A5381b3c",
+    "function": "addToken",
+    "args": ["0x8A567e2aE79CA692Bd748aB832081C45de4041eA"],
+    "value": "0"
+  },
+  {
+    "contract": "BiPoolManager",
+    "address": "0x22d9db95E6Ae61c104A7B6F6C78D7993B94ec901",
+    "function": "createExchange",
+    "args": [
+      [
+        "0x765DE816845861e75A25fCA122bb6898B8B1282a",
+        "0x8A567e2aE79CA692Bd748aB832081C45de4041eA",
+        "0xDebED1F6f6ce9F6e73AA25F95acBFFE2397550Fb",
+        "0",
+        "0",
+        "0",
+        [
+          ["3000000000000000000000"],
+          "0x0196D1F4FdA21fA442e53EaF18Bf31282F6139F1",
+          "360",
+          "1",
+          "10000000000000000000000000"
+        ]
+      ]
+    ],
+    "value": "0"
+  },
+  {
+    "contract": "Broker",
+    "address": "0x777A8255cA72412f0d706dc03C9D1987306B4CaD",
+    "function": "configureTradingLimit",
+    "args": [
+      "0x1c9378bd0973ff313a599d3effc654ba759f8ccca655ab6d6ce5bd39a212943b",
+      "0x765DE816845861e75A25fCA122bb6898B8B1282a",
+      ["300", "86400", "200000", "1000000", "5000000", "7"]
+    ],
+    "value": "0"
+  },
+  {
+    "contract": "Broker",
+    "address": "0x777A8255cA72412f0d706dc03C9D1987306B4CaD",
+    "function": "configureTradingLimit",
+    "args": [
+      "0x1c9378bd0973ff313a599d3effc654ba759f8ccca655ab6d6ce5bd39a212943b",
+      "0x8A567e2aE79CA692Bd748aB832081C45de4041eA",
+      ["300", "86400", "842200000", "4211000000", "21055000000", "7"]
+    ],
+    "value": "0"
+  },
+  {
+    "contract": "BreakerBox",
+    "address": "0x303ED1df62Fa067659B586EbEe8De0EcE824Ab39",
+    "function": "addRateFeeds",
+    "args": [["0x0196D1F4FdA21fA442e53EaF18Bf31282F6139F1"]],
+    "value": "0"
+  },
+  {
+    "contract": "BreakerBox",
+    "address": "0x303ED1df62Fa067659B586EbEe8De0EcE824Ab39",
+    "function": "toggleBreaker",
+    "args": [
+      "0x49349F92D2B17d491e42C8fdB02D19f072F9B5D9",
+      "0x0196D1F4FdA21fA442e53EaF18Bf31282F6139F1",
+      true
+    ],
+    "value": "0"
+  },
+  {
+    "contract": "MedianDeltaBreaker",
+    "address": "0x49349F92D2B17d491e42C8fdB02D19f072F9B5D9",
+    "function": "setCooldownTime",
+    "args": [["0x0196D1F4FdA21fA442e53EaF18Bf31282F6139F1"], ["900"]],
+    "value": "0"
+  },
+  {
+    "contract": "MedianDeltaBreaker",
+    "address": "0x49349F92D2B17d491e42C8fdB02D19f072F9B5D9",
+    "function": "setRateChangeThresholds",
+    "args": [
+      ["0x0196D1F4FdA21fA442e53EaF18Bf31282F6139F1"],
+      ["40000000000000000000000"]
+    ],
+    "value": "0"
+  },
+  {
+    "contract": "MedianDeltaBreaker",
+    "address": "0x49349F92D2B17d491e42C8fdB02D19f072F9B5D9",
+    "function": "setSmoothingFactor",
+    "args": [
+      "0x0196D1F4FdA21fA442e53EaF18Bf31282F6139F1",
+      "5000000000000000000000"
+    ],
+    "value": "0"
+  }
+]