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Sweaty Pumpkin
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// SPDX-FileCopyrightText: © 2020 Dai Foundation <www.daifoundation.org> | ||
// SPDX-License-Identifier: AGPL-3.0-or-later | ||
// | ||
// This program is free software: you can redistribute it and/or modify | ||
// it under the terms of the GNU Affero General Public License as published by | ||
// the Free Software Foundation, either version 3 of the License, or | ||
// (at your option) any later version. | ||
// | ||
// This program is distributed in the hope that it will be useful, | ||
// but WITHOUT ANY WARRANTY; without even the implied warranty of | ||
// MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE. See the | ||
// GNU Affero General Public License for more details. | ||
// | ||
// You should have received a copy of the GNU Affero General Public License | ||
// along with this program. If not, see <https://www.gnu.org/licenses/>. | ||
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pragma solidity 0.8.16; | ||
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import "dss-exec-lib/DssExec.sol"; | ||
import "dss-exec-lib/DssAction.sol"; | ||
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import { GemAbstract } from "dss-interfaces/ERC/GemAbstract.sol"; | ||
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interface DenyLike { | ||
function deny(address usr) external; | ||
} | ||
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interface ChainlogLike { | ||
function removeAddress(bytes32) external; | ||
} | ||
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interface ProxyLike { | ||
function exec(address target, bytes calldata args) external payable returns (bytes memory out); | ||
} | ||
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contract DssSpellAction is DssAction { | ||
// Provides a descriptive tag for bot consumption | ||
// This should be modified weekly to provide a summary of the actions | ||
// Hash: cast keccak -- "$(wget 'https://raw.githubusercontent.com/makerdao/community/ef206389a490089bd06e64c574038f07bfbb7569/governance/votes/Executive%20vote%20-%20September%2013%2C%202023.md' -q -O - 2>/dev/null)" | ||
string public constant override description = | ||
"2023-09-13 MakerDAO Executive Spell | Hash: 0x214ab69eb9c381276e409b9c58c74a6e090f1105992fabc8986d88091121765f"; | ||
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GemAbstract internal immutable MKR = GemAbstract(DssExecLib.mkr()); | ||
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address internal immutable MCD_VAT = DssExecLib.vat(); | ||
address internal immutable MCD_CAT = DssExecLib.cat(); | ||
address internal immutable MCD_PAUSE_PROXY = DssExecLib.pauseProxy(); | ||
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// Set office hours according to the summary | ||
function officeHours() public pure override returns (bool) { | ||
return false; | ||
} | ||
// ----- Approve HV Bank (RWA009-A) DAO Resolution ----- | ||
// Forum: http://forum.makerdao.com/t/request-to-poll-offboarding-legacy-legal-recourse-assets/21582 | ||
// Poll: https://vote.makerdao.com/polling/QmNgKzcG | ||
// Approve DAO resolution hash QmXU2TwsRpVevGY74NVFbD9bKwtsw1mSuSce7My1zinD9m | ||
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// Comma-separated list of DAO resolutions IPFS hashes. | ||
string public constant dao_resolutions = "QmXU2TwsRpVevGY74NVFbD9bKwtsw1mSuSce7My1zinD9m"; | ||
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// Many of the settings that change weekly rely on the rate accumulator | ||
// described at https://docs.makerdao.com/smart-contract-modules/rates-module | ||
// To check this yourself, use the following rate calculation (example 8%): | ||
// | ||
// $ bc -l <<< 'scale=27; e( l(1.08)/(60 * 60 * 24 * 365) )' | ||
// | ||
// A table of rates can be found at | ||
// https://ipfs.io/ipfs/QmVp4mhhbwWGTfbh2BzwQB9eiBrQBKiqcPRZCaAxNUaar6 | ||
// | ||
// uint256 internal constant X_PCT_RATE = ; | ||
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uint256 internal constant THREE_PT_FOUR_FIVE_PCT_RATE = 1000000001075539644270067964; | ||
uint256 internal constant THREE_PT_SEVEN_ZERO_PCT_RATE = 1000000001152077919467240095; | ||
uint256 internal constant FOUR_PT_TWO_ZERO_PCT_RATE = 1000000001304602465690389263; | ||
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// ----------- MKR transfer Addresses ----------- | ||
address internal constant DECO_WALLET = 0xF482D1031E5b172D42B2DAA1b6e5Cbf6519596f7; | ||
address internal constant SES_WALLET = 0x87AcDD9208f73bFc9207e1f6F0fDE906bcA95cc6; | ||
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address internal constant DEFENSOR = 0x9542b441d65B6BF4dDdd3d4D2a66D8dCB9EE07a9; | ||
address internal constant TRUENAME = 0x612F7924c367575a0Edf21333D96b15F1B345A5d; | ||
address internal constant BONAPUBLICA = 0x167c1a762B08D7e78dbF8f24e5C3f1Ab415021D3; | ||
address internal constant VIGILANT = 0x2474937cB55500601BCCE9f4cb0A0A72Dc226F61; | ||
address internal constant NAVIGATOR = 0x11406a9CC2e37425F15f920F494A51133ac93072; | ||
address internal constant QGOV = 0xB0524D8707F76c681901b782372EbeD2d4bA28a6; | ||
address internal constant UPMAKER = 0xbB819DF169670DC71A16F58F55956FE642cc6BcD; | ||
address internal constant PALC = 0x78Deac4F87BD8007b9cb56B8d53889ed5374e83A; | ||
address internal constant PBG = 0x8D4df847dB7FfE0B46AF084fE031F7691C6478c2; | ||
address internal constant CLOAKY = 0x869b6d5d8FA7f4FFdaCA4D23FFE0735c5eD1F818; | ||
address internal constant WBC = 0xeBcE83e491947aDB1396Ee7E55d3c81414fB0D47; | ||
address internal constant BLUE = 0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf; | ||
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// ---------- Math ---------- | ||
uint256 internal constant MILLION = 10 ** 6; | ||
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// ---------- Spark Proxy ---------- | ||
// Spark Proxy: https://github.com/marsfoundation/sparklend/blob/d42587ba36523dcff24a4c827dc29ab71cd0808b/script/output/1/primary-sce-latest.json#L2 | ||
address internal constant SPARK_PROXY = 0x3300f198988e4C9C63F75dF86De36421f06af8c4; | ||
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// ---------- Trigger Spark Proxy Spell ---------- | ||
address internal constant SPARK_SPELL = 0x95bcf659653d2E0b44851232d61F6F9d2e933fB1; | ||
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function actions() public override { | ||
// ---------- Stability Scope Parameter Changes ---------- | ||
// MIP: https://mips.makerdao.com/mips/details/MIP104#0-the-stability-scope | ||
// Forum: https://forum.makerdao.com/t/stability-scope-parameter-changes-5/21969 | ||
// Increase the ETH-A Stability Fee (SF) by 0.12% from 3.58% to 3.70%. | ||
DssExecLib.setIlkStabilityFee("ETH-A", THREE_PT_SEVEN_ZERO_PCT_RATE, /* doDrip = */ true); | ||
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// Increase the ETH-B Stability Fee (SF) by 0.12% from 4.08% to 4.20%. | ||
DssExecLib.setIlkStabilityFee("ETH-B", FOUR_PT_TWO_ZERO_PCT_RATE, /* doDrip = */ true); | ||
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// Increase the ETH-C Stability Fee (SF) by 0.12% from 3.33% to 3.45%. | ||
DssExecLib.setIlkStabilityFee("ETH-C", THREE_PT_FOUR_FIVE_PCT_RATE, /* doDrip = */ true); | ||
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// Activate DC-IAM for PSM-PAX-A | ||
// Maximum Debt Ceiling (line): 120M | ||
// Target Available Debt (gap): 50 million DAI | ||
// Ceiling Increase Cooldown (ttl): 24 hours | ||
DssExecLib.setIlkAutoLineParameters("PSM-PAX-A", /* line */ 120 * MILLION, /* gap */ 50 * MILLION, /* ttl */ 24 hours); | ||
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// ---------- Spark Protocol DC-IAM changes ---------- | ||
// Forum: http://forum.makerdao.com/t/upcoming-spell-proposed-changes/21801 | ||
// Poll: https://vote.makerdao.com/polling/QmQnUhZt#vote-breakdown | ||
// Increase the Maximum Debt Ceiling from 200 million DAI to 400 million DAI. | ||
// and | ||
// Increase the Ceiling Increase Cooldown from 8 hours to 12 hours. | ||
DssExecLib.setIlkAutoLineParameters("DIRECT-SPARK-DAI", /* line */ 400 * MILLION, /* gap */ 20 * MILLION, /* ttl */ 12 hours); | ||
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// ---------- Aligned Delegate Compensation for August ---------- | ||
// Forum: https://forum.makerdao.com/t/august-2023-aligned-delegate-compensation/21983 | ||
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// 0xDefensor - 41.67 - 0x9542b441d65B6BF4dDdd3d4D2a66D8dCB9EE07a9 | ||
MKR.transfer(DEFENSOR, 41.67 ether); // NOTE: ether is a keyword helper, only MKR is transferred here | ||
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// TRUE NAME - 41.67 - 0x612f7924c367575a0edf21333d96b15f1b345a5d | ||
MKR.transfer(TRUENAME, 41.67 ether); // NOTE: ether is a keyword helper, only MKR is transferred here | ||
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// BONAPUBLICA - 41.67 - 0x167c1a762B08D7e78dbF8f24e5C3f1Ab415021D3 | ||
MKR.transfer(BONAPUBLICA, 41.67 ether); // NOTE: ether is a keyword helper, only MKR is transferred here | ||
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// vigilant - 41.67 - 0x2474937cB55500601BCCE9f4cb0A0A72Dc226F61 | ||
MKR.transfer(VIGILANT, 41.67 ether); // NOTE: ether is a keyword helper, only MKR is transferred here | ||
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// Navigator - 28.23 - 0x11406a9CC2e37425F15f920F494A51133ac93072 | ||
MKR.transfer(NAVIGATOR, 28.23 ether); // NOTE: ether is a keyword helper, only MKR is transferred here | ||
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// QGov - 20.16 - 0xB0524D8707F76c681901b782372EbeD2d4bA28a6 | ||
MKR.transfer(QGOV, 20.16 ether); // NOTE: ether is a keyword helper, only MKR is transferred here | ||
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// UPMaker - 13.89 - 0xbb819df169670dc71a16f58f55956fe642cc6bcd | ||
MKR.transfer(UPMAKER, 13.89 ether); // NOTE: ether is a keyword helper, only MKR is transferred here | ||
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// PALC - 13.89 - 0x78Deac4F87BD8007b9cb56B8d53889ed5374e83A | ||
MKR.transfer(PALC, 13.89 ether); // NOTE: ether is a keyword helper, only MKR is transferred here | ||
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// PBG - 13.89 - 0x8D4df847dB7FfE0B46AF084fE031F7691C6478c2 | ||
MKR.transfer(PBG, 13.89 ether); // NOTE: ether is a keyword helper, only MKR is transferred here | ||
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// Cloaky - 7.17 - 0x869b6d5d8FA7f4FFdaCA4D23FFE0735c5eD1F818 | ||
MKR.transfer(CLOAKY, 7.17 ether); // NOTE: ether is a keyword helper, only MKR is transferred here | ||
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// WBC - 6.72 - 0xeBcE83e491947aDB1396Ee7E55d3c81414fB0D47 | ||
MKR.transfer(WBC, 6.72 ether); // NOTE: ether is a keyword helper, only MKR is transferred here | ||
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// BLUE - 1.25 - 0xb6c09680d822f162449cdfb8248a7d3fc26ec9bf | ||
MKR.transfer(BLUE, 1.25 ether); // NOTE: ether is a keyword helper, only MKR is transferred here | ||
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// ---------- Decrease Debt Ceiling for Fortunafi (RWA005-A) to 0 ---------- | ||
// Decrease Debt Ceiling from 15 million DAI to 0 (zero) | ||
// Forum: http://forum.makerdao.com/t/request-to-poll-offboarding-legacy-legal-recourse-assets/21582 | ||
// Poll: https://vote.makerdao.com/polling/Qmcb1c9x | ||
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DssExecLib.decreaseIlkDebtCeiling("RWA005-A", 15 * MILLION, /* global = */ true); | ||
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// ---------- Trigger Spark Proxy Spell ---------- | ||
// Poll: https://vote.makerdao.com/polling/QmQrkxud | ||
// Poll 2: https://vote.makerdao.com/polling/QmbCDKof | ||
ProxyLike(SPARK_PROXY).exec(SPARK_SPELL, abi.encodeWithSignature("execute()")); | ||
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// ---------- Core Unit MKR Vesting Transfers ---------- | ||
// DECO-001 - 125 MKR - 0xF482D1031E5b172D42B2DAA1b6e5Cbf6519596f7 | ||
// MIP: https://mips.makerdao.com/mips/details/MIP40c3SP36#sentence-summary | ||
MKR.transfer(DECO_WALLET, 125 ether); // NOTE: ether is a keyword helper, only MKR is transferred here | ||
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// SES-001 - 34.94 MKR - 0x87acdd9208f73bfc9207e1f6f0fde906bca95cc6 | ||
// MIP: https://mips.makerdao.com/mips/details/MIP40c3SP17#sentence-summary | ||
MKR.transfer(SES_WALLET, 34.94 ether); // NOTE: ether is a keyword helper, only MKR is transferred here | ||
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// ---------- Scuttle MCD_CAT ---------- | ||
// Forum: http://forum.makerdao.com/t/proposal-to-scuttle-mcd-cat-upcoming-executive-spell-2023-09-13/21958 | ||
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// Remove MCD_CAT from the Chainlog | ||
ChainlogLike(DssExecLib.LOG).removeAddress("MCD_CAT"); | ||
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// Revoke MCD_CAT access to MCD_VAT: vat.deny(cat) | ||
DenyLike(MCD_VAT).deny(MCD_CAT); | ||
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// Yield ownership of MCD_CAT: cat.deny(pauseProxy) | ||
DenyLike(MCD_CAT).deny(MCD_PAUSE_PROXY); | ||
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// Bump chainlog version | ||
// Justification: The MINOR version is updated as core MCD_CAT contract is being removed in this spell | ||
DssExecLib.setChangelogVersion("1.17.0"); | ||
} | ||
} | ||
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contract DssSpell is DssExec { | ||
constructor() DssExec(block.timestamp + 30 days, address(new DssSpellAction())) {} | ||
} |
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