0xd2e40cb3a71ece345fd9d6f1f655923e5dc968bddea192e262c0c8ca424ca312
Transaction
+$157.06
[SEND]
-$157.06
| Address | Token(s) swapped | Balance | Price | Value change | |
|---|---|---|---|---|---|
| ETH | +$157.06 | ||||
| Ether | +0.051404723 | +$157.06 | |||
| [SEND] | ETH | -$157.06 | |||
| Ether | -0.051404723 | -$157.06 |
- 0CALL515073 gas [RECV] Compound Governor Alpha.propose (targets=[3 elements], values=[3 elements], signatures=[3 elements], calldatas=[3 elements], description=# Upgrade cUSDC Interest Rate Model ##### Summary Recently, Dharma built, tested, and deployed a new upgradable interest rate model contract for cDAI based on the new JumpRateModelV2. Shortly thereafter, Arr00 proposed an update to the cUSDT interest rate model that followed the new cDAI architecture. This proposal updates the cUSDC interest rate model to a recently deployed LegacyJumpRateModelV2 with the same parameters as the current cDAI and cUSDT interest rate models: - 0% base rate (current 2%) - 4% borrow rate at kink (current no kink) - Kink at 80% utilization (current no kink) - 25% borrow rate at 100% utilization (current 12.25%) - Owner is Timelock (0x6d903f6003cca6255D85CcA4D3B5E5146dC33925) This proposal completes the effort of setting a standardized interest rate model for all stablecoins on Compound. The new LegacyJumpRateModelV2 is a simple refactorization of existing code and has been tested using fork simulations. The code has *not* been audited professionally due to the simplicity of the changes made. This contract was written, tested, and deployed by Arr00 and reviewed by Dharma. The proposal comes from Dharma as Arr00 does not (yet!) have sufficient COMP delegation. The last two actions take 622 Sai (currently valued at $1200) from reserves and transfer them to Arr00 as a bounty for his work on this proposal. ##### Graph of proposed Interest Rate Model  New [LegacyJumpRateModelV2](https://etherscan.io/address/0xd8ec56013ea119e7181d231e5048f90fbbe753c0#code) GitHub [PR](https://github.com/compound-finance/compound-protocol/pull/61) [Discussion](https://www.comp.xyz/t/update-cusdc-interest-rate-model/317)) (23)
- 1
- 2STATICCALL3752 gas Compound.getPriorVotes (account=[SEND] 0x7e4a8391c728fed9069b2962699ab416628b19fa, blockNumber=10875449) (100294863287770069381662)
- 11SHA30x0000000000000000000000007e4a8391c728fed9069b2962699ab416628b19fa00000000000000000000000000000000000000000000000000000000000000050xaa83efe661983bcea6e69f41a29fd1dc1e37ae5da16f8b08d18c6aa83b5ccdb1
- 12
- 13SLOAD
- 14SHA30x000000000000000000000000000000000000000000000000000000000000001200000000000000000000000000000000000000000000000000000000000000040x7f6fa3f34639ea1891363ca773619dbd5f652d7ab50411111dde2f57e3ae13ad
- 15SLOAD(proposals[18].canceled, proposals[18].executed) (false, true)
- 16SLOADproposals[18].startBlock 10517332
- 17SLOADproposals[18].endBlock 10534612
- 18SLOADproposals[18].againstVotes 1825851807584417064
- 19SLOADproposals[18].forVotes 895108895445437896670224
- 20SLOADproposals[18].forVotes 895108895445437896670224
- 21SLOADproposals[18].eta 1595936089
- 22SLOAD(proposals[18].canceled, proposals[18].executed) (false, true)
- 23SLOAD
- 24SSTOREproposalCount 22 to 23
- 25SLOAD
- 26SHA30x000000000000000000000000000000000000000000000000000000000000001700000000000000000000000000000000000000000000000000000000000000040xff624574ceefb6578b3887a7448cf2ca4d120002f646987b0a9b9ad3f6dc2c10
- 27SSTOREproposals[23].id 0 to 23
- 28
- 29
- 30SSTORE
- 31SLOAD
- 32SSTORE
- 33SHA30xff624574ceefb6578b3887a7448cf2ca4d120002f646987b0a9b9ad3f6dc2c130x031e2810f345d0b661bd9546fe0a19ec2625f4bc46a8bef48fab3993dfb603b4
- 34
- 35
- 36
- 37
- 38
- 39
- 40SLOAD
- 41SSTOREproposals[23].values[length] 0 to 3
- 42SHA30xff624574ceefb6578b3887a7448cf2ca4d120002f646987b0a9b9ad3f6dc2c140xcca540f2107ab84a66f72e9da10b023037614d5b9fc1a2eaeb79dff055c4285e
- 43SSTORE
- 44SSTORE
- 45SSTORE
- 46SLOAD
- 47SSTORE
- 48SHA30xff624574ceefb6578b3887a7448cf2ca4d120002f646987b0a9b9ad3f6dc2c150xae6c4f5be9a45f7f27c7ae65fbc239f73143c66471ec6881338fa18cd7a2c4c7
- 49SLOAD
- 50SHA30xae6c4f5be9a45f7f27c7ae65fbc239f73143c66471ec6881338fa18cd7a2c4c70x89a4d80ee1d55db9a66cb44ec5588687fe7f23ffded2102b4242b6a3faa2424c
- 51SSTORE(proposals[23].signatures[0][data], proposals[23].signatures[0][length]) ("" to "_setInterestRateModel(address)", 0 to 30)
- 52SLOAD
- 53SHA30xae6c4f5be9a45f7f27c7ae65fbc239f73143c66471ec6881338fa18cd7a2c4c80xfa544e238857bb838cf7959b372041d079fb0c0558980cede96641e6d1b6cc84
- 54SSTORE(proposals[23].signatures[1][data], proposals[23].signatures[1][length]) ("" to "_reduceReserves(uint256)", 0 to 24)
- 55SLOAD
- 56SHA30xae6c4f5be9a45f7f27c7ae65fbc239f73143c66471ec6881338fa18cd7a2c4c90x05100a01cf60411f5831797e618854cc57ce35406ebcdd7e372c90a642bebecd
- 57SSTORE(proposals[23].signatures[2][data], proposals[23].signatures[2][length]) ("" to "transfer(address,uint256)", 0 to 25)
- 58SLOAD
- 59SSTORE
- 60SHA30xff624574ceefb6578b3887a7448cf2ca4d120002f646987b0a9b9ad3f6dc2c160x59dbaeb4d56ba520c605b607ab6c02ab38c5d4bf90ca47c03f435414f3ca50d6
- 61SLOAD
- 62SHA30x59dbaeb4d56ba520c605b607ab6c02ab38c5d4bf90ca47c03f435414f3ca50d60x1b383c3bb7c01fa3cb66af00b5e385cd6624fd7fd9612712ba691eea0e096c84
- 63SSTORE
- 64SSTOREproposals[23].calldatas[0][0] 0x0000000000000000000000000000000000000000000000000000000000000000 to 0x000000000000000000000000d8ec56013ea119e7181d231e5048f90fbbe753c0
- 65SLOAD
- 66SHA30x59dbaeb4d56ba520c605b607ab6c02ab38c5d4bf90ca47c03f435414f3ca50d70x5588d7f96f371ec01231a302b939ac387cf0c7a5904acfe68b7763053ec67148
- 67SSTORE
- 68SSTOREproposals[23].calldatas[1][0] 0x0000000000000000000000000000000000000000000000000000000000000000 to 0x000000000000000000000000000000000000000000000021b7fbe880b4f80000
- 69SLOAD
- 70SHA30x59dbaeb4d56ba520c605b607ab6c02ab38c5d4bf90ca47c03f435414f3ca50d80x03eccfe1a99fd7fadcdda76c87b35fbfbbd844055e12b7855cf767c4f324ee13
- 71SSTORE
- 72SSTOREproposals[23].calldatas[2][0] 0x0000000000000000000000000000000000000000000000000000000000000000 to 0x0000000000000000000000002b384212edc04ae8bb41738d05ba20e33277bf33
- 73SSTOREproposals[23].calldatas[2][1] 0x0000000000000000000000000000000000000000000000000000000000000000 to 0x000000000000000000000000000000000000000000000021b7fbe880b4f80000
- 74SSTOREproposals[23].startBlock 0 to 10875451
- 75SSTOREproposals[23].endBlock 0 to 10892731
- 76SSTORE
- 77SSTORE
- 78SLOAD(proposals[23].canceled, proposals[23].executed) (false, false)
- 79SSTORE(proposals[23].canceled, proposals[23].executed) (false, false)
- 80SLOAD(proposals[23].canceled, proposals[23].executed) (false, false)
- 81SSTORE(proposals[23].canceled, proposals[23].executed) (false, false)
- 82SHA30x0000000000000000000000007e4a8391c728fed9069b2962699ab416628b19fa00000000000000000000000000000000000000000000000000000000000000050xaa83efe661983bcea6e69f41a29fd1dc1e37ae5da16f8b08d18c6aa83b5ccdb1
- 83SSTORE
- 84LOGProposalCreated (id=23, proposer= 0x7e4a8391c728fed9069b2962699ab416628b19fa, targets=[3 elements], values=[3 elements], signatures=[3 elements], calldatas=[3 elements], startBlock=10875451, endBlock=10892731, description=# Upgrade cUSDC Interest Rate Model ##### Summary Recently, Dharma built, tested, and deployed a new upgradable interest rate model contract for cDAI based on the new JumpRateModelV2. Shortly thereafter, Arr00 proposed an update to the cUSDT interest rate model that followed the new cDAI architecture. This proposal updates the cUSDC interest rate model to a recently deployed LegacyJumpRateModelV2 with the same parameters as the current cDAI and cUSDT interest rate models: - 0% base rate (current 2%) - 4% borrow rate at kink (current no kink) - Kink at 80% utilization (current no kink) - 25% borrow rate at 100% utilization (current 12.25%) - Owner is Timelock (0x6d903f6003cca6255D85CcA4D3B5E5146dC33925) This proposal completes the effort of setting a standardized interest rate model for all stablecoins on Compound. The new LegacyJumpRateModelV2 is a simple refactorization of existing code and has been tested using fork simulations. The code has *not* been audited professionally due to the simplicity of the changes made. This contract was written, tested, and deployed by Arr00 and reviewed by Dharma. The proposal comes from Dharma as Arr00 does not (yet!) have sufficient COMP delegation. The last two actions take 622 Sai (currently valued at $1200) from reserves and transfer them to Arr00 as a bounty for his work on this proposal. ##### Graph of proposed Interest Rate Model  New [LegacyJumpRateModelV2](https://etherscan.io/address/0xd8ec56013ea119e7181d231e5048f90fbbe753c0#code) GitHub [PR](https://github.com/compound-finance/compound-protocol/pull/61) [Discussion](https://www.comp.xyz/t/update-cusdc-interest-rate-model/317))
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