0xb5621a29933ce2356492693aa5e8b8663a010d44b5227a98a5edaf9cc57fd5b0

Transaction

Succeeded
(
20838107
)
Ethereum
propose
Txn fee 0.0093697907 ETH
INV
+$106.42
ETH
+$3.26
ETH
-$24.43
INV
-$106.42
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    CALL
    487538 gas [RECV] GovernorMills.propose (targets=[1 element], values=[1 element], signatures=[1 element], calldatas=[1 element], description=# Risk Working Group Liquidator Grant Program Forum Link: https://forum.inverse.finance/t/proposal-to-launch-liquidator-grant-program/465 **Problem Summary** FiRM offers exotic collateral types such as illiquid tokens, niche DeFi derivatives, and real-world assets (RWAs) that may not be monitored by traditional liquidators. These assets pose risks of delayed liquidation due to their illiquidity or lack of clear liquidation routes. **Objective** The Liquidator Grant Program aims to: * Attract liquidators to monitor and liquidate exotic collateral markets. * Establish direct communication with liquidators for ongoing engagement and updates. --- ### **Strategic Benefits** **Feedback Loop for Market Health** By engaging liquidators, we can gather feedback on asset volatility, liquidity issues, and suggest improvements to the liquidation process. Liquidators will help us adjust collateral parameters and optimize liquidation strategies. **Strengthening Liquidator Commitment** Building a liquidator network promotes long-term engagement and efficiency, ensuring the health of exotic collateral markets. **Mitigating Risk in Illiquid Markets** Exotic collaterals are riskier. Incentivizing liquidators to monitor them closely reduces the chance of liquidity crises or sudden price drops. --- ### **Program Rollout** **Manual Liquidation Proof Submission** Liquidators submit proof of successful liquidations via our website, including transaction details. The team will verify liquidations, ensuring they meet program criteria, and rewards will be distributed to liquidators’ wallets on-chain. **Direct Communication with Liquidators** We will establish channels (e.g., Telegram/Discord) for liquidators to ask questions, give feedback, and stay updated on new collateral types and liquidation processes. --- ### **Incentive Structure** **Reward Program** Liquidators will receive DBR tokens for their first unique liquidation in an eligible market, up to $250. Exotic or harder-to-monitor collaterals will offer higher rewards (up to $500), encouraging liquidators to prioritize these assets. The RWG will maintain an open dashboard of eligible markets and the first 3 liquidators of a market will be rewarded. The RWG also reserves the right to veto suspicious submissions. --- ### **KPIs and Objectives** The program aims to onboard 20 new liquidators, increasing unique liquidator participation by ~50%. --- ### **On-Chain Actions** Grant the RWG Multisig an allowance of 120,000 DBR (equivalent to ~$5000 at Sep 23rd, 2024 prices) to fund the Liquidator Grant Program. ) (220)