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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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| interface SUsdsLike { | ||
| function file(bytes32, uint256) external; | ||
| function drip() external returns (uint256); | ||
| } | ||
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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/b97b2079e2f7ee950676c39f1d67303d19d55fdf/governance/votes/Executive%20vote%20-%20December%206%2C%202024.md' -q -O - 2>/dev/null)" | ||
| string public constant override description = "2024-12-06 MakerDAO Executive Spell | Hash: 0xf3154487b58605fd6398364065ba51165e10514f45d063ed3727de31d2b7a3a7"; | ||
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| // Set office hours according to the summary | ||
| function officeHours() public pure override returns (bool) { | ||
| return false; | ||
| } | ||
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| // ---------- Rates ---------- | ||
| // 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 = ; | ||
| uint256 internal constant ELEVEN_PT_FIVE_PCT_RATE = 1000000003451750542235895695; | ||
| uint256 internal constant TWELVE_PT_TWO_FIVE_PCT_RATE = 1000000003664330950215446102; | ||
| uint256 internal constant TWELVE_PT_FIVE_PCT_RATE = 1000000003734875566854894261; | ||
| uint256 internal constant TWELVE_PT_SEVEN_FIVE_PCT_RATE = 1000000003805263591546724039; | ||
| uint256 internal constant THIRTEEN_PT_TWO_FIVE_PCT_RATE = 1000000003945572635100236468; | ||
| uint256 internal constant THIRTEEN_PT_FIVE_PCT_RATE = 1000000004015495027511808328; | ||
| uint256 internal constant THIRTEEN_PT_SEVEN_FIVE_PCT_RATE = 1000000004085263575156219812; | ||
| uint256 internal constant SIXTEEN_PCT_RATE = 1000000004706367499604668374; | ||
| uint256 internal constant SIXTEEN_PT_TWO_FIVE_PCT_RATE = 1000000004774634032180348552; | ||
| uint256 internal constant SIXTEEN_PT_SEVEN_FIVE_PCT_RATE = 1000000004910727769570159235; | ||
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| // ---------- Addresses ---------- | ||
| address internal immutable SUSDS = DssExecLib.getChangelogAddress("SUSDS"); | ||
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| function actions() public override { | ||
| // ---------- Stability Fees Changes ---------- | ||
| // Forum: https://forum.sky.money/t/out-of-schedule-executive-proposal-stability-scope-parameter-changes-19-sfs-dsr-ssr-spark-effective-dai-borrow-rate-spark-liquidity-layer/25648 | ||
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| // Increase ETH-A Stability Fee by 3.50 percentage points from 9.25% to 12.75% | ||
| DssExecLib.setIlkStabilityFee("ETH-A", TWELVE_PT_SEVEN_FIVE_PCT_RATE, /* doDrip = */ true); | ||
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| // Increase ETH-B Stability Fee by 3.50 percentage points from 9.75% to 13.25% | ||
| DssExecLib.setIlkStabilityFee("ETH-B", THIRTEEN_PT_TWO_FIVE_PCT_RATE, /* doDrip = */ true); | ||
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| // Increase ETH-C Stability Fee by 3.50 percentage points from 9.00% to 12.50% | ||
| DssExecLib.setIlkStabilityFee("ETH-C", TWELVE_PT_FIVE_PCT_RATE, /* doDrip = */ true); | ||
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| // Increase WSTETH-A Stability Fee by 3.50 percentage points from 10.25% to 13.75% | ||
| DssExecLib.setIlkStabilityFee("WSTETH-A", THIRTEEN_PT_SEVEN_FIVE_PCT_RATE, /* doDrip = */ true); | ||
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| // Increase WSTETH-B Stability Fee by 3.50 percentage points from 10.00% to 13.50% | ||
| DssExecLib.setIlkStabilityFee("WSTETH-B", THIRTEEN_PT_FIVE_PCT_RATE, /* doDrip = */ true); | ||
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| // Increase WBTC-A Stability Fee by 4.00 percentage points from 12.25% to 16.25% | ||
| DssExecLib.setIlkStabilityFee("WBTC-A", SIXTEEN_PT_TWO_FIVE_PCT_RATE, /* doDrip = */ true); | ||
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| // Increase WBTC-B Stability Fee by 4.00 percentage points from 12.75% to 16.75% | ||
| DssExecLib.setIlkStabilityFee("WBTC-B", SIXTEEN_PT_SEVEN_FIVE_PCT_RATE, /* doDrip = */ true); | ||
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| // Increase WBTC-C Stability Fee by 4.00 percentage points from 12.00% to 16.00% | ||
| DssExecLib.setIlkStabilityFee("WBTC-C", SIXTEEN_PCT_RATE, /* doDrip = */ true); | ||
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| // Increase ALLOCATOR-SPARK-A Stability Fee by 2.94 percentage points from 9.31% to 12.25% | ||
| DssExecLib.setIlkStabilityFee("ALLOCATOR-SPARK-A", TWELVE_PT_TWO_FIVE_PCT_RATE, /* doDrip = */ true); | ||
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| // ---------- Savings Rate Changes ---------- | ||
| // Forum: https://forum.sky.money/t/out-of-schedule-executive-proposal-stability-scope-parameter-changes-19-sfs-dsr-ssr-spark-effective-dai-borrow-rate-spark-liquidity-layer/25648 | ||
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| // Increase DSR by 3 percentage points from 8.50% to 11.50% | ||
| DssExecLib.setDSR(ELEVEN_PT_FIVE_PCT_RATE, /* doDrip = */ true); | ||
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| // Increase SSR by 3 percentage points from 9.50% to 12.50% | ||
| SUsdsLike(SUSDS).drip(); | ||
| SUsdsLike(SUSDS).file("ssr", TWELVE_PT_FIVE_PCT_RATE); | ||
| } | ||
| } | ||
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| contract DssSpell is DssExec { | ||
| constructor() DssExec(block.timestamp + 30 days, address(new DssSpellAction())) {} | ||
| } |
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