Skip to content
New issue

Have a question about this project? Sign up for a free GitHub account to open an issue and contact its maintainers and the community.

Sign up for GitHub

By clicking “Sign up for GitHub”, you agree to our terms of service and privacy statement. We’ll occasionally send you account related emails.

Already on GitHub? Sign in to your account

Executive 2024 02 07 corrections #2556

Merged
merged 4 commits into from
Feb 7, 2024
+7 −7
Merged

Executive 2024 02 07 corrections #2556

Changes from all commits
Commits
Show all changes
4 commits
Select commit Hold shift + click to select a range
2755e89
fix date and DC value
0xldr Feb 7, 2024
947b4a1
rename file
0xldr Feb 7, 2024
edf6b67
pluralize facilitators
0xldr Feb 7, 2024
d74d354
update PSM outcomes
0xldr Feb 7, 2024
File filter

Filter by extension

Filter by extension
Conversations
Failed to load comments.
Loading
Jump to
Jump to file
Failed to load files.
Loading
Diff view
Diff view
14 changes: 7 additions & 7 deletions ...tes/Executive vote - February 07, 2024.md → ...otes/Executive vote - February 7, 2024.md
View file
Open in desktop
Original file line number Diff line number Diff line change
@@ -1,13 +1,13 @@
---
title: Template - [Executive Vote] Auction Parameter Updates, GUSD Input Conduit Management, Aave-SparkLend Revenue Share, RWA009-A doc Update, Delegate Compensation for January 2024 - February 07, 2024
title: Template - [Executive Vote] Auction Parameter Updates, GUSD Input Conduit Management, Aave-SparkLend Revenue Share, RWA009-A doc Update, Delegate Compensation for January 2024 - February 7, 2024
summary: Update auction throughput parameters, convert remaining GUSD into Dai, transfer Dai to Aave as part of the SparkLend revenue sharing agreement, update the `doc` for RWA009-A, Aligned Delegate compensation transfers for January 2024.
date: 2024-02-07T00:00:00.000Z
address: "$spell_address"

---
# [Executive Proposal] Auction Parameter Updates, GUSD Input Conduit Management, Aave-SparkLend Revenue Share, RWA009-A doc Update, Delegate Compensation for January 2024 - February 07, 2024
# [Executive Proposal] Auction Parameter Updates, GUSD Input Conduit Management, Aave-SparkLend Revenue Share, RWA009-A doc Update, Delegate Compensation for January 2024 - February 7, 2024

The Governance Facilitator, Dewiz, and Sidestream have placed an executive proposal into the voting system. MKR Holders should vote for this proposal if they support the following alterations to the Maker Protocol.
The Governance Facilitators, Dewiz, and Sidestream have placed an executive proposal into the voting system. MKR Holders should vote for this proposal if they support the following alterations to the Maker Protocol.

If you are new to voting in the Maker Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works.

Expand Down Expand Up @@ -59,18 +59,18 @@ If this executive proposal passes, the following auction parameter changes will

If this executive proposal passes, the following actions will be taken to `push` the remaining GUSD out of the PSM_GUSD_INPUT_CONDUIT_JAR, exchange it for Dai, and add it to the Surplus Buffer:

1. Raise Debt Ceiling of PSM_GUSD_A to **567,660 DAI** - accounting for the GUSD rewards and the remaining 0.91 DAI debt still present in the vault.
1. Raise Debt Ceiling of PSM_GUSD_A to **597,660 DAI** - accounting for the GUSD rewards and the remaining 0.91 DAI debt still present in the vault.
2. Call `push(uint256 amt)` on the [PSM_GUSD_A_INPUT_CONDUIT_JAR](https://etherscan.io/address/0x6934218d8b3e9ffcabee8cd80f4c1c4167afa638) contract with an `amt` of **597,659**, depositing the contents of the contract to the PSM and receiving an identical amount of Dai into the [PSM_GUSD_A_JAR](https://etherscan.io/address/0xf2e7a5b83525c3017383deed19bb05fe34a62c27) contract.
3. Call `void` on the [PSM_GUSD_A_JAR](https://etherscan.io/address/0xf2e7a5b83525c3017383deed19bb05fe34a62c27) contract to deposit the Dai to the Surplus Buffer.
4. Decrease Debt Ceiling of PSM_GUSD_A back to **0 DAI**.

This will have the following net results:

1. Debt Ceiling remains at 0 after the transaction has executed.
2. Dai minted from PSM_GUSD_A increases to 567,659.91 DAI.
3. GUSD balance of [MCD_JOIN_PSM_GUSD_A](https://etherscan.io/address/0x79a0fa989fb7adf1f8e80c93ee605ebb94f7c6a5) increases to 567,659.91 GUSD.
2. Dai minted from PSM_GUSD_A increases to 597,659.91 DAI.
3. GUSD balance of [MCD_JOIN_PSM_GUSD_A](https://etherscan.io/address/0x79a0fa989fb7adf1f8e80c93ee605ebb94f7c6a5) increases to 597,659.91 GUSD.
4. GUSD balance of [PSM_GUSD_A_INPUT_CONDUIT_JAR](https://etherscan.io/address/0x6934218d8b3e9ffcabee8cd80f4c1c4167afa638) decreases to 0 GUSD.
5. Surplus Buffer increases by 567,659 DAI.
5. Surplus Buffer increases by 597,659 DAI.

### Aave-SparkLend Revenue Share

Expand Down
Loading