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Remove Frax of Isolation Mode - Draft #471

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Remove Frax of Isolation Mode - Draft #471

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8e1c819
feat: remove FRAX from iso mode
Rozengarden Sep 26, 2024
ebd874b
Merge branch 'bgd-labs:main' into aavechan/fraxOutOfIsoMode
marczeller Oct 2, 2024
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59 changes: 59 additions & 0 deletions ...de_20240926_before_AaveV3Arbitrum_RemoveFraxFromIsolationMode_20240926_after.md
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## Reserve changes

### Reserves altered

#### FRAX ([0x17FC002b466eEc40DaE837Fc4bE5c67993ddBd6F](https://arbiscan.io/address/0x17FC002b466eEc40DaE837Fc4bE5c67993ddBd6F))

| description | value before | value after |
| --- | --- | --- |
| debtCeiling | 1,000,000 $ [100000000] | 0 $ [0] |
| ltv | 0 % [0] | 75 % [7500] |
| liquidationThreshold | 72 % [7200] | 78 % [7800] |
| liquidationBonus | 6 % | 5 % |
| reserveFactor | 20 % [2000] | 15 % [1500] |
| maxVariableBorrowRate | 80.5 % | 65.5 % |
| variableRateSlope2 | 75 % | 60 % |
| interestRate | ![before](/.assets/a6c0aceaa49e1b7b29b7ac5bfdef770548c468d6.svg) | ![after](/.assets/d7c18f984b71e5f66cebf23ccf14dfe374c5aea5.svg) |

## Raw diff

```json
{
"reserves": {
"0x17FC002b466eEc40DaE837Fc4bE5c67993ddBd6F": {
"debtCeiling": {
"from": 100000000,
"to": 0
},
"liquidationBonus": {
"from": 10600,
"to": 10500
},
"liquidationThreshold": {
"from": 7200,
"to": 7800
},
"ltv": {
"from": 0,
"to": 7500
},
"reserveFactor": {
"from": 2000,
"to": 1500
}
}
},
"strategies": {
"0x17FC002b466eEc40DaE837Fc4bE5c67993ddBd6F": {
"maxVariableBorrowRate": {
"from": "805000000000000000000000000",
"to": "655000000000000000000000000"
},
"variableRateSlope2": {
"from": "750000000000000000000000000",
"to": "600000000000000000000000000"
}
}
}
}
```
59 changes: 59 additions & 0 deletions ...e_20240926_before_AaveV3Avalanche_RemoveFraxFromIsolationMode_20240926_after.md
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## Reserve changes

### Reserves altered

#### FRAX ([0xD24C2Ad096400B6FBcd2ad8B24E7acBc21A1da64](https://snowtrace.io/address/0xD24C2Ad096400B6FBcd2ad8B24E7acBc21A1da64))

| description | value before | value after |
| --- | --- | --- |
| debtCeiling | 1,000,000 $ [100000000] | 0 $ [0] |
| ltv | 0 % [0] | 75 % [7500] |
| liquidationThreshold | 77 % [7700] | 81 % [8100] |
| liquidationBonus | 5 % | 4 % |
| reserveFactor | 20 % [2000] | 15 % [1500] |
| maxVariableBorrowRate | 80.5 % | 65.5 % |
| variableRateSlope2 | 75 % | 60 % |
| interestRate | ![before](/.assets/8501d8a163c1631c522dfa4e690ece4f705e1e75.svg) | ![after](/.assets/c460bdc5514185b4dbe953a444830fa62df1e05b.svg) |

## Raw diff

```json
{
"reserves": {
"0xD24C2Ad096400B6FBcd2ad8B24E7acBc21A1da64": {
"debtCeiling": {
"from": 100000000,
"to": 0
},
"liquidationBonus": {
"from": 10500,
"to": 10400
},
"liquidationThreshold": {
"from": 7700,
"to": 8100
},
"ltv": {
"from": 0,
"to": 7500
},
"reserveFactor": {
"from": 2000,
"to": 1500
}
}
},
"strategies": {
"0xD24C2Ad096400B6FBcd2ad8B24E7acBc21A1da64": {
"maxVariableBorrowRate": {
"from": "805000000000000000000000000",
"to": "655000000000000000000000000"
},
"variableRateSlope2": {
"from": "750000000000000000000000000",
"to": "600000000000000000000000000"
}
}
}
}
```
69 changes: 69 additions & 0 deletions ...de_20240926_before_AaveV3Ethereum_RemoveFraxFromIsolationMode_20240926_after.md
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## Reserve changes

### Reserves altered

#### FRAX ([0x853d955aCEf822Db058eb8505911ED77F175b99e](https://etherscan.io/address/0x853d955aCEf822Db058eb8505911ED77F175b99e))

| description | value before | value after |
| --- | --- | --- |
| debtCeiling | 10,000,000 $ [1000000000] | 0 $ [0] |
| ltv | 0 % [0] | 75 % [7500] |
| liquidationThreshold | 72 % [7200] | 78 % [7800] |
| liquidationBonus | 6 % | 4.5 % |
| liquidationProtocolFee | 10 % [1000] | 20 % [2000] |
| reserveFactor | 20 % [2000] | 15 % [1500] |
| optimalUsageRatio | 90 % | 92 % |
| maxVariableBorrowRate | 80.5 % | 65.5 % |
| variableRateSlope2 | 75 % | 60 % |
| interestRate | ![before](/.assets/a05225d2527d0291dbe4574aa3ce9f1f7d877630.svg) | ![after](/.assets/b0acfa5411927b1e11f45e03da6fe62446569b2d.svg) |

## Raw diff

```json
{
"reserves": {
"0x853d955aCEf822Db058eb8505911ED77F175b99e": {
"debtCeiling": {
"from": 1000000000,
"to": 0
},
"liquidationBonus": {
"from": 10600,
"to": 10450
},
"liquidationProtocolFee": {
"from": 1000,
"to": 2000
},
"liquidationThreshold": {
"from": 7200,
"to": 7800
},
"ltv": {
"from": 0,
"to": 7500
},
"reserveFactor": {
"from": 2000,
"to": 1500
}
}
},
"strategies": {
"0x853d955aCEf822Db058eb8505911ED77F175b99e": {
"maxVariableBorrowRate": {
"from": "805000000000000000000000000",
"to": "655000000000000000000000000"
},
"optimalUsageRatio": {
"from": "900000000000000000000000000",
"to": "920000000000000000000000000"
},
"variableRateSlope2": {
"from": "750000000000000000000000000",
"to": "600000000000000000000000000"
}
}
}
}
```
76 changes: 76 additions & 0 deletions ...Multi_RemoveFraxFromIsolationMode/AaveV3Arbitrum_RemoveFraxFromIsolationMode_20240926.sol
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// SPDX-License-Identifier: MIT
pragma solidity ^0.8.0;

import {AaveV3ArbitrumAssets} from 'aave-address-book/AaveV3Arbitrum.sol';
import {AaveV3PayloadArbitrum} from 'aave-helpers/src/v3-config-engine/AaveV3PayloadArbitrum.sol';
import {EngineFlags} from 'aave-v3-periphery/contracts/v3-config-engine/EngineFlags.sol';
import {IAaveV3ConfigEngine} from 'aave-v3-periphery/contracts/v3-config-engine/IAaveV3ConfigEngine.sol';
/**
* @title Remove Frax from Isolation Mode
* @author Aave Chan Initiative
* - Snapshot: https://snapshot.org/#/aave.eth/proposal/0x89f056f633646ee0676e226da41e2c6a7df756a7087204a96db8c3d74427244a
* - Discussion: https://governance.aave.com/t/arfc-remove-frax-from-isolation-mode-and-onboard-sfrax-to-aave-v3-mainnet/18506
*/
contract AaveV3Arbitrum_RemoveFraxFromIsolationMode_20240926 is AaveV3PayloadArbitrum {
function rateStrategiesUpdates()
public
pure
override
returns (IAaveV3ConfigEngine.RateStrategyUpdate[] memory)
{
IAaveV3ConfigEngine.RateStrategyUpdate[]
memory rateStrategies = new IAaveV3ConfigEngine.RateStrategyUpdate[](1);
rateStrategies[0] = IAaveV3ConfigEngine.RateStrategyUpdate({
asset: AaveV3ArbitrumAssets.FRAX_UNDERLYING,
params: IAaveV3ConfigEngine.InterestRateInputData({
optimalUsageRatio: EngineFlags.KEEP_CURRENT,
baseVariableBorrowRate: EngineFlags.KEEP_CURRENT,
variableRateSlope1: EngineFlags.KEEP_CURRENT,
variableRateSlope2: 60_00
})
});

return rateStrategies;
}
function collateralsUpdates()
public
pure
override
returns (IAaveV3ConfigEngine.CollateralUpdate[] memory)
{
IAaveV3ConfigEngine.CollateralUpdate[]
memory collateralUpdate = new IAaveV3ConfigEngine.CollateralUpdate[](1);

collateralUpdate[0] = IAaveV3ConfigEngine.CollateralUpdate({
asset: AaveV3ArbitrumAssets.FRAX_UNDERLYING,
ltv: 75_00,
liqThreshold: 78_00,
liqBonus: 5_00,
debtCeiling: 0,
liqProtocolFee: EngineFlags.KEEP_CURRENT
});

return collateralUpdate;
}
function borrowsUpdates()
public
pure
override
returns (IAaveV3ConfigEngine.BorrowUpdate[] memory)
{
IAaveV3ConfigEngine.BorrowUpdate[]
memory borrowUpdates = new IAaveV3ConfigEngine.BorrowUpdate[](1);

borrowUpdates[0] = IAaveV3ConfigEngine.BorrowUpdate({
asset: AaveV3ArbitrumAssets.FRAX_UNDERLYING,
enabledToBorrow: EngineFlags.KEEP_CURRENT,
flashloanable: EngineFlags.KEEP_CURRENT,
stableRateModeEnabled: EngineFlags.KEEP_CURRENT,
borrowableInIsolation: EngineFlags.KEEP_CURRENT,
withSiloedBorrowing: EngineFlags.KEEP_CURRENT,
reserveFactor: 15_00
});

return borrowUpdates;
}
}
32 changes: 32 additions & 0 deletions ...lti_RemoveFraxFromIsolationMode/AaveV3Arbitrum_RemoveFraxFromIsolationMode_20240926.t.sol
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// SPDX-License-Identifier: MIT
pragma solidity ^0.8.0;

import {AaveV3Arbitrum} from 'aave-address-book/AaveV3Arbitrum.sol';

import 'forge-std/Test.sol';
import {ProtocolV3TestBase, ReserveConfig} from 'aave-helpers/src/ProtocolV3TestBase.sol';
import {AaveV3Arbitrum_RemoveFraxFromIsolationMode_20240926} from './AaveV3Arbitrum_RemoveFraxFromIsolationMode_20240926.sol';

/**
* @dev Test for AaveV3Arbitrum_RemoveFraxFromIsolationMode_20240926
* command: FOUNDRY_PROFILE=arbitrum forge test --match-path=src/20240926_Multi_RemoveFraxFromIsolationMode/AaveV3Arbitrum_RemoveFraxFromIsolationMode_20240926.t.sol -vv
*/
contract AaveV3Arbitrum_RemoveFraxFromIsolationMode_20240926_Test is ProtocolV3TestBase {
AaveV3Arbitrum_RemoveFraxFromIsolationMode_20240926 internal proposal;

function setUp() public {
vm.createSelectFork(vm.rpcUrl('arbitrum'), 257618568);
proposal = new AaveV3Arbitrum_RemoveFraxFromIsolationMode_20240926();
}

/**
* @dev executes the generic test suite including e2e and config snapshots
*/
function test_defaultProposalExecution() public {
defaultTest(
'AaveV3Arbitrum_RemoveFraxFromIsolationMode_20240926',
AaveV3Arbitrum.POOL,
address(proposal)
);
}
}
76 changes: 76 additions & 0 deletions ...ulti_RemoveFraxFromIsolationMode/AaveV3Avalanche_RemoveFraxFromIsolationMode_20240926.sol
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// SPDX-License-Identifier: MIT
pragma solidity ^0.8.0;

import {AaveV3AvalancheAssets} from 'aave-address-book/AaveV3Avalanche.sol';
import {AaveV3PayloadAvalanche} from 'aave-helpers/src/v3-config-engine/AaveV3PayloadAvalanche.sol';
import {EngineFlags} from 'aave-v3-periphery/contracts/v3-config-engine/EngineFlags.sol';
import {IAaveV3ConfigEngine} from 'aave-v3-periphery/contracts/v3-config-engine/IAaveV3ConfigEngine.sol';
/**
* @title Remove Frax from Isolation Mode
* @author Aave Chan Initiative
* - Snapshot: https://snapshot.org/#/aave.eth/proposal/0x89f056f633646ee0676e226da41e2c6a7df756a7087204a96db8c3d74427244a
* - Discussion: https://governance.aave.com/t/arfc-remove-frax-from-isolation-mode-and-onboard-sfrax-to-aave-v3-mainnet/18506
*/
contract AaveV3Avalanche_RemoveFraxFromIsolationMode_20240926 is AaveV3PayloadAvalanche {
function rateStrategiesUpdates()
public
pure
override
returns (IAaveV3ConfigEngine.RateStrategyUpdate[] memory)
{
IAaveV3ConfigEngine.RateStrategyUpdate[]
memory rateStrategies = new IAaveV3ConfigEngine.RateStrategyUpdate[](1);
rateStrategies[0] = IAaveV3ConfigEngine.RateStrategyUpdate({
asset: AaveV3AvalancheAssets.FRAX_UNDERLYING,
params: IAaveV3ConfigEngine.InterestRateInputData({
optimalUsageRatio: EngineFlags.KEEP_CURRENT,
baseVariableBorrowRate: EngineFlags.KEEP_CURRENT,
variableRateSlope1: EngineFlags.KEEP_CURRENT,
variableRateSlope2: 60_00
})
});

return rateStrategies;
}
function collateralsUpdates()
public
pure
override
returns (IAaveV3ConfigEngine.CollateralUpdate[] memory)
{
IAaveV3ConfigEngine.CollateralUpdate[]
memory collateralUpdate = new IAaveV3ConfigEngine.CollateralUpdate[](1);

collateralUpdate[0] = IAaveV3ConfigEngine.CollateralUpdate({
asset: AaveV3AvalancheAssets.FRAX_UNDERLYING,
ltv: 75_00,
liqThreshold: 81_00,
liqBonus: 4_00,
debtCeiling: 0,
liqProtocolFee: EngineFlags.KEEP_CURRENT
});

return collateralUpdate;
}
function borrowsUpdates()
public
pure
override
returns (IAaveV3ConfigEngine.BorrowUpdate[] memory)
{
IAaveV3ConfigEngine.BorrowUpdate[]
memory borrowUpdates = new IAaveV3ConfigEngine.BorrowUpdate[](1);

borrowUpdates[0] = IAaveV3ConfigEngine.BorrowUpdate({
asset: AaveV3AvalancheAssets.FRAX_UNDERLYING,
enabledToBorrow: EngineFlags.KEEP_CURRENT,
flashloanable: EngineFlags.KEEP_CURRENT,
stableRateModeEnabled: EngineFlags.KEEP_CURRENT,
borrowableInIsolation: EngineFlags.KEEP_CURRENT,
withSiloedBorrowing: EngineFlags.KEEP_CURRENT,
reserveFactor: 15_00
});

return borrowUpdates;
}
}
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