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Mainnet spell 2024-05-16 (#410)
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@SidestreamIcedMango
SidestreamIcedMango authored May 16, 2024
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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/>.

pragma solidity 0.8.16;

import "dss-exec-lib/DssExec.sol";
import "dss-exec-lib/DssAction.sol";
import { GemAbstract } from "dss-interfaces/ERC/GemAbstract.sol";

interface DssCronSequencerLike {
function addJob(address job) external;
function removeJob(address job) external;
}

interface ProxyLike {
function exec(address target, bytes calldata args) external payable returns (bytes memory out);
}

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/ca9a6eb8d41ddc11614b32d699f5b220434e58e4/governance/votes/Executive%20Vote%20-%20May%2016%2C%202024.md' -q -O - 2>/dev/null)"
string public constant override description =
"2024-05-16 MakerDAO Executive Spell | Hash: 0xcdf22bbf7c42be8c09b48ce49b0365b8f061e4d674387b176d9eb9d563e706b2";

// Set office hours according to the summary
function officeHours() public pure override returns (bool) {
return false;
}

// ---------- 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_1000000003022265980097387650RATE = ;
uint256 internal constant EIGHT_PCT_RATE = 1000000002440418608258400030;
uint256 internal constant EIGHT_PT_TWO_FIVE_PCT_RATE = 1000000002513736079215619839;
uint256 internal constant EIGHT_PT_SEVEN_FIVE_PCT_RATE = 1000000002659864411854984565;
uint256 internal constant NINE_PCT_RATE = 1000000002732676825177582095;
uint256 internal constant NINE_PT_TWO_FIVE_PCT_RATE = 1000000002805322428706865331;
uint256 internal constant NINE_PT_FIVE_PCT_RATE = 1000000002877801985002875644;
uint256 internal constant NINE_PT_SEVEN_FIVE_PCT_RATE = 1000000002950116251408586949;
uint256 internal constant TEN_PT_TWO_FIVE_PCT_RATE = 1000000003094251918120023627;

// ---------- Contract addresses ----------
GemAbstract internal immutable MKR = GemAbstract(DssExecLib.mkr());

// ---------- Dss-Cron Update ----------
address internal immutable CRON_SEQUENCER = DssExecLib.getChangelogAddress("CRON_SEQUENCER");
address internal immutable CRON_D3M_JOB = DssExecLib.getChangelogAddress("CRON_D3M_JOB");
address internal constant CRON_D3M_JOB_NEW = 0x2Ea4aDE144485895B923466B4521F5ebC03a0AeF;

// ---------- Launch Funding Transfers ----------
address internal constant LAUNCH_PROJECT_FUNDING = 0x3C5142F28567E6a0F172fd0BaaF1f2847f49D02F;

// ---------- Bug Bounty Payouts ----------
address internal constant IMMUNEFI_COMISSION = 0x7119f398b6C06095c6E8964C1f58e7C1BAa79E18;
address internal constant IMMUNEFI_USER_PAYOUT_2024_05_16 = 0xa24EC79bdF03bB325F36878573B13AedFEd0717f;

// ---------- Whistle-blower Bounty Payout ----------
address internal constant COMPACTER = 0xbbd4bC3FE72691663c6ffE984Bcdb6C6E6b3a8Dd;

// ---------- Delegate Compensation ----------
address internal constant BLUE = 0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf;
address internal constant CLOAKY = 0x869b6d5d8FA7f4FFdaCA4D23FFE0735c5eD1F818;
address internal constant BONAPUBLICA = 0x167c1a762B08D7e78dbF8f24e5C3f1Ab415021D3;
address internal constant TRUENAME = 0x612F7924c367575a0Edf21333D96b15F1B345A5d;
address internal constant JULIACHANG = 0x252abAEe2F4f4b8D39E5F12b163eDFb7fac7AED7;
address internal constant VIGILANT = 0x2474937cB55500601BCCE9f4cb0A0A72Dc226F61;
address internal constant PIPKIN = 0x0E661eFE390aE39f90a58b04CF891044e56DEDB7;
address internal constant JAG = 0x58D1ec57E4294E4fe650D1CB12b96AE34349556f;
address internal constant BYTERON = 0xc2982e72D060cab2387Dba96b846acb8c96EfF66;
address internal constant UPMAKER = 0xbB819DF169670DC71A16F58F55956FE642cc6BcD;

// ---------- Spark Spell ----------
// Spark Proxy: https://github.com/marsfoundation/sparklend-deployments/blob/bba4c57d54deb6a14490b897c12a949aa035a99b/script/output/1/primary-sce-latest.json#L2
address internal constant SPARK_PROXY = 0x3300f198988e4C9C63F75dF86De36421f06af8c4;
address internal constant SPARK_SPELL = 0x901E4450f01ae1A2615E384b9104888Cb9Cb02FF;

function actions() public override {
// ---------- Dss-Cron Update ----------
// Forum: https://forum.makerdao.com/t/executive-inclusion-dss-cron-update/24269

// Update D3MJob in the sequencer (0x238b4E35dAed6100C6162fAE4510261f88996EC9):
// Note: This action is done in the following two steps

// sequencer.removeJob(0x1Bb799509b0B039345f910dfFb71eEfAc7022323);
DssCronSequencerLike(CRON_SEQUENCER).removeJob(CRON_D3M_JOB);

// sequencer.addJob(0x2Ea4aDE144485895B923466B4521F5ebC03a0AeF);
DssCronSequencerLike(CRON_SEQUENCER).addJob(CRON_D3M_JOB_NEW);

// Note: update CRON_D3M_JOB address in the chainlog
DssExecLib.setChangelogAddress("CRON_D3M_JOB", CRON_D3M_JOB_NEW);

// ---------- Launch Funding Transfers ----------
// Forum: https://forum.makerdao.com/t/utilization-of-the-launch-project-under-the-accessibility-scope/21468/16
// MIP: https://mips.makerdao.com/mips/details/MIP108#9-1-launch-project-budget

// Launch Project - 5358007 DAI - 0x3C5142F28567E6a0F172fd0BaaF1f2847f49D02F
DssExecLib.sendPaymentFromSurplusBuffer(LAUNCH_PROJECT_FUNDING, 5_358_007);

// Launch Project - 1969.17 MKR - 0x3C5142F28567E6a0F172fd0BaaF1f2847f49D02F
MKR.transfer(LAUNCH_PROJECT_FUNDING, 1969.17 ether); // NOTE: 'ether' is a keyword helper, only MKR is transferred here

// ---------- Bug Bounty Payouts ----------
// Forum: https://forum.makerdao.com/t/bounty-payout-request-for-immunefi-bug-29806/24240

// Immunefi Bounty - 5000 DAI - 0x7119f398b6C06095c6E8964C1f58e7C1BAa79E18
DssExecLib.sendPaymentFromSurplusBuffer(IMMUNEFI_COMISSION, 5_000);

// Bug Bounty - 50000 DAI - 0xa24EC79bdF03bB325F36878573B13AedFEd0717f
DssExecLib.sendPaymentFromSurplusBuffer(IMMUNEFI_USER_PAYOUT_2024_05_16, 50_000);

// ---------- Whistle-blower Bounty Payout ----------
// Forum: https://forum.makerdao.com/t/ad-derecognition-due-to-operational-security-breach-april-5-2024/24043/5
// MIP: https://mips.makerdao.com/mips/details/MIP101#2-6-3-4-2

// Compacter (Whistleblower) - 20.84 MKR - 0xbbd4bC3FE72691663c6ffE984Bcdb6C6E6b3a8Dd
MKR.transfer(COMPACTER, 20.84 ether); // NOTE: 'ether' is a keyword helper, only MKR is transferred here

// ---------- Stability Scope Parameter Changes ----------
// Forum: https://forum.makerdao.com/t/stability-scope-parameter-changes-13-under-sta-article-3-3/24250

// ETH-A: Decrease the Stability Fee by 2 percentage points from 10.25% to 8.25%
DssExecLib.setIlkStabilityFee("ETH-A", EIGHT_PT_TWO_FIVE_PCT_RATE, /* doDrip = */ true);

// ETH-B: Decrease the Stability Fee by 2 percentage points from 10.75% to 8.75%
DssExecLib.setIlkStabilityFee("ETH-B", EIGHT_PT_SEVEN_FIVE_PCT_RATE, /* doDrip = */ true);

// ETH-C: Decrease the Stability Fee by 2 percentage points from 10.00% to 8.00%
DssExecLib.setIlkStabilityFee("ETH-C", EIGHT_PCT_RATE, /* doDrip = */ true);

// WSTETH-A: Decrease the Stability Fee by 2 percentage points from 11.25% to 9.25%
DssExecLib.setIlkStabilityFee("WSTETH-A", NINE_PT_TWO_FIVE_PCT_RATE, /* doDrip = */ true);

// WSTETH-B: Decrease the Stability Fee by 2 percentage points from 11.00% to 9.00%
DssExecLib.setIlkStabilityFee("WSTETH-B", NINE_PCT_RATE, /* doDrip = */ true);

// WBTC-A: Decrease the Stability Fee by 2 percentage points from 11.75% to 9.75%
DssExecLib.setIlkStabilityFee("WBTC-A", NINE_PT_SEVEN_FIVE_PCT_RATE, /* doDrip = */ true);

// WBTC-B: Decrease the Stability Fee by 2 percentage points from 12.25% to 10.25%
DssExecLib.setIlkStabilityFee("WBTC-B", TEN_PT_TWO_FIVE_PCT_RATE, /* doDrip = */ true);

// WBTC-C: Decrease the Stability Fee by 2 percentage points from 11.50% to 9.50%
DssExecLib.setIlkStabilityFee("WBTC-C", NINE_PT_FIVE_PCT_RATE, /* doDrip = */ true);

// DSR: Decrease the Dai Savings Rate by 2 percentage points from 10.00% to 8.00%
DssExecLib.setDSR(EIGHT_PCT_RATE, /* doDrip = */ true);

// ---------- Delegate Compensation ----------
// Forum: https://forum.makerdao.com/t/april-2024-aligned-delegate-compensation/24272
// MIP: https://mips.makerdao.com/mips/details/MIP101#2-6-3-aligned-delegate-income-and-participation-requirements

// BLUE - 41.67 MKR - 0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf
MKR.transfer(BLUE, 41.67 ether); // NOTE: 'ether' is a keyword helper, only MKR is transferred here

// Cloaky - 41.67 MKR - 0x869b6d5d8FA7f4FFdaCA4D23FFE0735c5eD1F818
MKR.transfer(CLOAKY, 41.67 ether); // NOTE: 'ether' is a keyword helper, only MKR is transferred here

// BONAPUBLICA - 28.23 MKR - 0x167c1a762B08D7e78dbF8f24e5C3f1Ab415021D3
MKR.transfer(BONAPUBLICA, 28.23 ether); // NOTE: 'ether' is a keyword helper, only MKR is transferred here

// TRUE NAME - 27.52 MKR - 0x612F7924c367575a0Edf21333D96b15F1B345A5d
MKR.transfer(TRUENAME, 27.52 ether); // NOTE: 'ether' is a keyword helper, only MKR is transferred here

// JuliaChang - 24.20 MKR - 0x252abAEe2F4f4b8D39E5F12b163eDFb7fac7AED7
MKR.transfer(JULIACHANG, 24.20 ether); // NOTE: 'ether' is a keyword helper, only MKR is transferred here

// vigilant - 13.89 MKR - 0x2474937cB55500601BCCE9f4cb0A0A72Dc226F61
MKR.transfer(VIGILANT, 13.89 ether); // NOTE: 'ether' is a keyword helper, only MKR is transferred here

// Pipkin - 13.44 MKR - 0x0E661eFE390aE39f90a58b04CF891044e56DEDB7
MKR.transfer(PIPKIN, 13.44 ether); // NOTE: 'ether' is a keyword helper, only MKR is transferred here

// JAG - 7.17 MKR - 0x58D1ec57E4294E4fe650D1CB12b96AE34349556f
MKR.transfer(JAG, 7.17 ether); // NOTE: 'ether' is a keyword helper, only MKR is transferred here

// Byteron - 6.72 MKR - 0xc2982e72D060cab2387Dba96b846acb8c96EfF66
MKR.transfer(BYTERON, 6.72 ether); // NOTE: 'ether' is a keyword helper, only MKR is transferred here

// UPMaker - 3.58 MKR - 0xbB819DF169670DC71A16F58F55956FE642cc6BcD
MKR.transfer(UPMAKER, 3.58 ether); // NOTE: 'ether' is a keyword helper, only MKR is transferred here

// ---------- Spark Spell ----------
// Forum: https://forum.makerdao.com/t/stability-scope-parameter-changes-13-under-sta-article-3-3/24250

// Trigger Spark Proxy Spell at 0x901E4450f01ae1A2615E384b9104888Cb9Cb02FF
ProxyLike(SPARK_PROXY).exec(SPARK_SPELL, abi.encodeWithSignature("execute()"));

// Note: bump chainlog version due to the updated CRON_D3M_JOB address
DssExecLib.setChangelogVersion("1.17.4");
}
}

contract DssSpell is DssExec {
constructor() DssExec(block.timestamp + 30 days, address(new DssSpellAction())) {}
}
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