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Mainnet spell 2024-07-11 (#416)
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@SidestreamIcedMango
SidestreamIcedMango authored Jul 11, 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 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/7e83420cd5f2de85302898902d58b20cb28b61fa/governance/votes/Executive%20vote%20-%20July%2011%2C%202024.md' -q -O - 2>/dev/null)"
string public constant override description =
"2024-07-11 MakerDAO Executive Spell | Hash: 0xbde1397a494b1a9d159d1111cce67a2bb36fdfb6314b82f5da93c08e1b02a901";

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

// ---------- 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 SEVEN_PCT_RATE = 1000000002145441671308778766;
uint256 internal constant SEVEN_PT_TWO_FIVE_PCT_RATE = 1000000002219443553326580536;
uint256 internal constant SEVEN_PT_SEVEN_FIVE_PCT_RATE = 1000000002366931224128103346;
uint256 internal constant EIGHT_PCT_RATE = 1000000002440418608258400030;
uint256 internal constant EIGHT_PT_TWO_FIVE_PCT_RATE = 1000000002513736079215619839;
uint256 internal constant EIGHT_PT_FIVE_PCT_RATE = 1000000002586884420913935572;
uint256 internal constant EIGHT_PT_SEVEN_FIVE_PCT_RATE = 1000000002659864411854984565;
uint256 internal constant NINE_PT_TWO_FIVE_PCT_RATE = 1000000002805322428706865331;

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

// ---------- Payment addresses ----------
address internal constant AAVE_V3_TREASURY = 0x464C71f6c2F760DdA6093dCB91C24c39e5d6e18c;
address internal constant BLUE = 0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf;
address internal constant JULIACHANG = 0x252abAEe2F4f4b8D39E5F12b163eDFb7fac7AED7;
address internal constant BYTERON = 0xc2982e72D060cab2387Dba96b846acb8c96EfF66;
address internal constant CLOAKY = 0x869b6d5d8FA7f4FFdaCA4D23FFE0735c5eD1F818;
address internal constant PBG = 0x8D4df847dB7FfE0B46AF084fE031F7691C6478c2;
address internal constant BONAPUBLICA = 0x167c1a762B08D7e78dbF8f24e5C3f1Ab415021D3;
address internal constant ROCKY = 0xC31637BDA32a0811E39456A59022D2C386cb2C85;
address internal constant VIGILANT = 0x2474937cB55500601BCCE9f4cb0A0A72Dc226F61;
address internal constant CLOAKY_KOHLA = 0xA9D43465B43ab95050140668c87A2106C73CA811;
address internal constant CLOAKY_ENNOIA = 0xA7364a1738D0bB7D1911318Ca3FB3779A8A58D7b;
address internal constant WBC = 0xeBcE83e491947aDB1396Ee7E55d3c81414fB0D47;

// ---------- Update Chainlink Keeper Network Treasury Address ----------
address internal constant CHAINLINK_PAYMENT_ADAPTER = 0xfB5e1D841BDA584Af789bDFABe3c6419140EC065;
address internal constant CHAINLINK_TREASURY_NEW = 0xBE1cE564574377Acb17C2b7628E4F6dd38067a55;

// ---------- 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 = 0x91824fa4fd51E8440a122ffDd49C701F5C56D58e;

function actions() public override {
// ---------- Spark - Aave Revenue Share Payment ----------
// Forum: https://forum.makerdao.com/t/spark-aave-revenue-share-calculation-payment-4-q2-2024/24572

// AAVE - 219125 DAI - 0x464C71f6c2F760DdA6093dCB91C24c39e5d6e18c
DssExecLib.sendPaymentFromSurplusBuffer(AAVE_V3_TREASURY, 219_125);

// ---------- Update Chainlink Keeper Network Treasury Address ----------
// Forum: https://forum.makerdao.com/t/amend-keeper-network-chainlink-automation-v2-1/24593

// DssExecLib.setContract(CHAINLINK_PAYMENT_ADAPTER, "treasury", 0xBE1cE564574377Acb17C2b7628E4F6dd38067a55);
DssExecLib.setContract(CHAINLINK_PAYMENT_ADAPTER, "treasury", CHAINLINK_TREASURY_NEW);

// ---------- Stability Scope Parameter Changes ----------
// Forum: https://forum.makerdao.com/t/stability-scope-parameter-changes-14/24594/1

// Stability Fee (SF) changes:
// Note: only heading, changes follow

// ETH-A: Decrease by 1 percentage point, from 8.25% to 7.25%
DssExecLib.setIlkStabilityFee("ETH-A", SEVEN_PT_TWO_FIVE_PCT_RATE, /* doDrip = */ true);

// ETH-B: Decrease by 1 percentage point, from 8.75% to 7.75%
DssExecLib.setIlkStabilityFee("ETH-B", SEVEN_PT_SEVEN_FIVE_PCT_RATE, /* doDrip = */ true);

// ETH-C: Decrease by 1 percentage point, from 8% to 7%
DssExecLib.setIlkStabilityFee("ETH-C", SEVEN_PCT_RATE, /* doDrip = */ true);

// WSTETH-A: Decrease by 1 percentage point, from 9.25% to 8.25%
DssExecLib.setIlkStabilityFee("WSTETH-A", EIGHT_PT_TWO_FIVE_PCT_RATE, /* doDrip = */ true);

// WSTETH-B: Decrease by 1 percentage point, from 9% to 8%
DssExecLib.setIlkStabilityFee("WSTETH-B", EIGHT_PCT_RATE, /* doDrip = */ true);

// WBTC-A: Decrease by 1 percentage point, from 9.75% to 8.75%
DssExecLib.setIlkStabilityFee("WBTC-A", EIGHT_PT_SEVEN_FIVE_PCT_RATE, /* doDrip = */ true);

// WBTC-B: Decrease by 1 percentage point, from 10.25% to 9.25%
DssExecLib.setIlkStabilityFee("WBTC-B", NINE_PT_TWO_FIVE_PCT_RATE, /* doDrip = */ true);

// WBTC-C: Decrease by 1 percentage point, from 9.5% to 8.5%
DssExecLib.setIlkStabilityFee("WBTC-C", EIGHT_PT_FIVE_PCT_RATE, /* doDrip = */ true);

// Dai Savings Rate:
// Note: only heading, changes follow

// DSR: Decrease by 1 percentage point, from 8% to 7%
DssExecLib.setDSR(SEVEN_PCT_RATE, /* doDrip = */ true);

// ---------- Delegate Compensation ----------
// Forum: https://forum.makerdao.com/t/june-2024-aligned-delegate-compensation/24617
// MIP: https://mips.makerdao.com/mips/details/MIP101#2-6-aligned-delegates-ads-gov6

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

// JuliaChang - 41.67 MKR - 0x252abAEe2F4f4b8D39E5F12b163eDFb7fac7AED7
MKR.transfer(JULIACHANG, 41.67 ether); // Note: 'ether' is a keyword helper, only MKR is transferred here

// Byteron - 38.98 MKR - 0xc2982e72D060cab2387Dba96b846acb8c96EfF66
MKR.transfer(BYTERON, 38.98 ether); // Note: 'ether' is a keyword helper, only MKR is transferred here

// Cloaky - 20.40 MKR - 0x869b6d5d8FA7f4FFdaCA4D23FFE0735c5eD1F818
MKR.transfer(CLOAKY, 20.40 ether); // Note: 'ether' is a keyword helper, only MKR is transferred here

// PBG - 16.58 MKR - 0x8D4df847dB7FfE0B46AF084fE031F7691C6478c2
MKR.transfer(PBG, 16.58 ether); // Note: 'ether' is a keyword helper, only MKR is transferred here

// BONAPUBLICA - 13.89 MKR - 0x167c1a762B08D7e78dbF8f24e5C3f1Ab415021D3
MKR.transfer(BONAPUBLICA, 13.89 ether); // Note: 'ether' is a keyword helper, only MKR is transferred here

// Rocky - 13.89 MKR - 0xC31637BDA32a0811E39456A59022D2C386cb2C85
MKR.transfer(ROCKY, 13.89 ether); // Note: 'ether' is a keyword helper, only MKR is transferred here

// vigilant - 12.55 MKR - 0x2474937cB55500601BCCE9f4cb0A0A72Dc226F61
MKR.transfer(VIGILANT, 12.55 ether); // Note: 'ether' is a keyword helper, only MKR is transferred here

// Ennoia (Cloaky) - 4.10 MKR - 0xA7364a1738D0bB7D1911318Ca3FB3779A8A58D7b
MKR.transfer(CLOAKY_ENNOIA, 4.10 ether); // Note: 'ether' is a keyword helper, only MKR is transferred here

// Kohla (Cloaky) - 4.10 MKR - 0xA9D43465B43ab95050140668c87A2106C73CA811
MKR.transfer(CLOAKY_KOHLA, 4.10 ether); // Note: 'ether' is a keyword helper, only MKR is transferred here

// WBC - 1.34 MKR - 0xeBcE83e491947aDB1396Ee7E55d3c81414fB0D47
MKR.transfer(WBC, 1.34 ether); // Note: 'ether' is a keyword helper, only MKR is transferred here

// ---------- Spark Spell ----------
// Forum: https://forum.makerdao.com/t/may-31-2024-proposed-changes-to-sparklend-for-upcoming-spell/24413
// Forum: https://forum.makerdao.com/t/stability-scope-parameter-changes-14/24594/1
// Forum: https://forum.makerdao.com/t/jun-27-2024-proposed-changes-to-spark-for-upcoming-spell/24552
// Poll: https://vote.makerdao.com/polling/QmTBsxR5

// Trigger Spark Proxy Spell at 0x91824fa4fd51E8440a122ffDd49C701F5C56D58e
ProxyLike(SPARK_PROXY).exec(SPARK_SPELL, abi.encodeWithSignature("execute()"));
}
}

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