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update instructions
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SidestreamColdMelon committed Nov 24, 2023
1 parent bbe0e5a commit 25b40f7
Showing 1 changed file with 8 additions and 7 deletions.
15 changes: 8 additions & 7 deletions src/DssSpell.sol
Original file line number Diff line number Diff line change
Expand Up @@ -34,7 +34,7 @@ contract DssSpellAction is DssAction {
}

// ---------- RWA Foundation Service Provider Changes ----------
// Forum: https://forum.makerdao.com/t/dao-resolution-rwa-foundation-service-provider-changes/22866
// Forum: https://forum.makerdao.com/t/dao-resolution-rwa-foundation-service-provider-changes/22866/2

// Approve Dao resolution with IPFS hash QmPiEHtt8rkVtSibBXMrhEzHUmSriXWz4AL2bjscq8dUvU
// Note: by the previous convention it is comma-separated list of DAO resolutions IPFS hashes
Expand Down Expand Up @@ -74,7 +74,7 @@ contract DssSpellAction is DssAction {

function actions() public override {
// ---------- Stability Fee Changes ----------
// Forum: https://forum.makerdao.com/t/stability-scope-parameter-changes-7/22882#increase-rwa014-a-coinbase-custody-debt-ceiling-9
// Forum: https://forum.makerdao.com/t/stability-scope-parameter-changes-7/22882/2

// Decrease the WBTC-A Stability Fee (SF) by 0.07%, from 5.86% to 5.79%
DssExecLib.setIlkStabilityFee("WBTC-A", FIVE_PT_SEVEN_NINE_PCT_RATE, /* doDrip = */ true);
Expand All @@ -86,21 +86,22 @@ contract DssSpellAction is DssAction {
DssExecLib.setIlkStabilityFee("WBTC-C", FIVE_PT_FIVE_FOUR_PCT_RATE, /* doDrip = */ true);

// ---------- Reduce PSM-GUSD-A Debt Ceiling ----------
// Forum: https://forum.makerdao.com/t/stability-scope-parameter-changes-7/22882#increase-rwa014-a-coinbase-custody-debt-ceiling-9
// Forum: https://forum.makerdao.com/t/stability-scope-parameter-changes-7/22882/2

// Note: record currently set debt ceiling for PSM-GUSD-A
(,,,uint256 lineReduction,) = vat.ilks("PSM-GUSD-A");

// Decrease the PSM-GUSD-A DC-IAM LINE (max DC) by 110M DAI, from 110M to 0
// Note: it's not possible to set auto-line DC to 0 due to `DssAutoLine/invalid-line`
// Remove PSM-GUSD-A from `Autoline`
DssExecLib.removeIlkFromAutoLine("PSM-GUSD-A");

// Set PSM-GUSD-A debt ceiling to 0
DssExecLib.setIlkDebtCeiling("PSM-GUSD-A", 0);

// Note: decrease Global Debt Ceiling to the decreased amount
// Reduce Global Debt Ceiling? Yes
vat.file("Line", vat.Line() - lineReduction);

// ---------- Increase RWA014-A (Coinbase Custody) Debt Ceiling ----------
// Forum: https://forum.makerdao.com/t/stability-scope-parameter-changes-7/22882#increase-rwa014-a-coinbase-custody-debt-ceiling-9
// Forum: https://forum.makerdao.com/t/stability-scope-parameter-changes-7/22882/2

// Increase the RWA014-A (Coinbase Custody) debt ceiling by 1b DAI, from 500M to 1.5b
DssExecLib.increaseIlkDebtCeiling("RWA014-A", 1 * BILLION, /* global = */ true);
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