Moonwell MIP-M09 Proposal Diff Report
This document reports the impact of the execution of MIP-M09 proposal on Moonwell Moonbeam.
All diffs detected by the simulation are highlighted in orange
The simulation executes the proposal on chain on a local fork. The state of the protocol is compared before and after the proposal is executed.
Proposal calldata
Execution results
MIP-M09 was successfully executed on a Hardhat fork at block #4859596 (Nov-13-2023 12:09:06 PM +UTC)
✅ No regression detected on already active markets (ETH.wh, BTC.wh, FRAX, GLMR, xcUSDT, xcDOT) and deprecated markets (BUSD.wh, BTC.mad, USDC.mad, ETH.mad)
✅ No accounts are liquidatable
✅ Parameters are same as specified in proposal
Original execution report (including raw contract values):
Global parameters
| Parameter | Liquidation Incentive | Close Factor |
|---|---|---|
Before | 110% | 0.5% |
After | 110% | 0.5% |
mETH.mad
| Parameter | Collateral Factor | Implied Collateral Ratio | Borrow Cap | Supply Cap |
|---|---|---|---|---|
Before | 0 | ∞% | 0 0 USD | None undefined USD |
After | 0 | ∞% | 0 0 USD | None undefined USD |
| IRM Parameter | Base rate | Multiplier | Kink | Jump Multiplier | Reserve Factor | Contract |
|---|---|---|---|---|---|---|
Before | 2% | 0.1 | 0.8 | 1.09 | 1 | |
After | 2% | 0.1 | 0.8 | 1.09 | 1 |
| Key borrow rates | Base | Kink | Max |
|---|---|---|---|
Before | 2% | 10% | 31.8% |
After | 2% | 10% | 31.8% |
| Key supply rates | Base | Kink | Max |
|---|---|---|---|
Before | 0% | 0% | 0% |
After | 0% | 0% | 0% |
| Borrow rates | 0% | 10% | 20% | 30% | 40% | 50% | 60% | 70% | 80% | 90% | 100% |
|---|---|---|---|---|---|---|---|---|---|---|---|
Before | 2% | 3% | 4% | 5% | 6% | 7% | 8% | 9% | 10% | 20.9% | 31.8% |
After | 2% | 3% | 4% | 5% | 6% | 7% | 8% | 9% | 10% | 20.9% | 31.8% |
| Supply rates | 0% | 10% | 20% | 30% | 40% | 50% | 60% | 70% | 80% | 90% | 100% |
|---|---|---|---|---|---|---|---|---|---|---|---|
Before | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
After | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Market State | Total Supply | Total Borrows | Utilization | Supply cap utilization | Borrow cap utilization | Supply rate | Borrow rate |
|---|---|---|---|---|---|---|---|
Before | 2,244.515 4,702,549.712 USD | 0.001 2.763 USD | 0% | NaN% | ∞% | 0% 0% Total | 2% 2% Total |
After | 2,244.515 4,702,549.712 USD | 0.001 2.763 USD | 0% | NaN% | ∞% | 0% 0% Total | 2% 2% Total |
mBTC.mad
| Parameter | Collateral Factor | Implied Collateral Ratio | Borrow Cap | Supply Cap |
|---|---|---|---|---|
Before | 0 | ∞% | 0 0 USD | None undefined USD |
After | 0 | ∞% | 0 0 USD | None undefined USD |
| IRM Parameter | Base rate | Multiplier | Kink | Jump Multiplier | Reserve Factor | Contract |
|---|---|---|---|---|---|---|
Before | 2% | 0.1 | 0.8 | 1.09 | 1 | |
After | 2% | 0.1 | 0.8 | 1.09 | 1 |
| Key borrow rates | Base | Kink | Max |
|---|---|---|---|
Before | 2% | 10% | 31.8% |
After | 2% | 10% | 31.8% |
| Key supply rates | Base | Kink | Max |
|---|---|---|---|
Before | 0% | 0% | 0% |
After | 0% | 0% | 0% |
| Borrow rates | 0% | 10% | 20% | 30% | 40% | 50% | 60% | 70% | 80% | 90% | 100% |
|---|---|---|---|---|---|---|---|---|---|---|---|
Before | 2% | 3% | 4% | 5% | 6% | 7% | 8% | 9% | 10% | 20.9% | 31.8% |
After | 2% | 3% | 4% | 5% | 6% | 7% | 8% | 9% | 10% | 20.9% | 31.8% |
| Supply rates | 0% | 10% | 20% | 30% | 40% | 50% | 60% | 70% | 80% | 90% | 100% |
|---|---|---|---|---|---|---|---|---|---|---|---|
Before | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
After | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Market State | Total Supply | Total Borrows | Utilization | Supply cap utilization | Borrow cap utilization | Supply rate | Borrow rate |
|---|---|---|---|---|---|---|---|
Before | 42.295 1,556,968.853 USD | 0.002 56.824 USD | 0.004% | NaN% | ∞% | 0% 0% Total | 2% 2% Total |
After | 42.295 1,556,968.853 USD | 0.002 56.824 USD | 0.004% | NaN% | ∞% | 0% 0% Total | 2% 2% Total |
mUSDC.mad
| Parameter | Collateral Factor | Implied Collateral Ratio | Borrow Cap | Supply Cap |
|---|---|---|---|---|
Before | 0 | ∞% | 0 0 USD | None undefined USD |
After | 0 | ∞% | 0 0 USD | None undefined USD |
| IRM Parameter | Base rate | Multiplier | Kink | Jump Multiplier | Reserve Factor | Contract |
|---|---|---|---|---|---|---|
Before | 2% | 0.1 | 0.8 | 1.09 | 1 | |
After | 2% | 0.1 | 0.8 | 1.09 | 1 |
| Key borrow rates | Base | Kink | Max |
|---|---|---|---|
Before | 2% | 10% | 31.8% |
After | 2% | 10% | 31.8% |
| Key supply rates | Base | Kink | Max |
|---|---|---|---|
Before | 0% | 0% | 0% |
After | 0% | 0% | 0% |
| Borrow rates | 0% | 10% | 20% | 30% | 40% | 50% | 60% | 70% | 80% | 90% | 100% |
|---|---|---|---|---|---|---|---|---|---|---|---|
Before | 2% | 3% | 4% | 5% | 6% | 7% | 8% | 9% | 10% | 20.9% | 31.8% |
After | 2% | 3% | 4% | 5% | 6% | 7% | 8% | 9% | 10% | 20.9% | 31.8% |
| Supply rates | 0% | 10% | 20% | 30% | 40% | 50% | 60% | 70% | 80% | 90% | 100% |
|---|---|---|---|---|---|---|---|---|---|---|---|
Before | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
After | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Market State | Total Supply | Total Borrows | Utilization | Supply cap utilization | Borrow cap utilization | Supply rate | Borrow rate |
|---|---|---|---|---|---|---|---|
Before | 10,724,868.175 10,721,747.238 USD | 1,214.382 1,214.029 USD | 0.011% | NaN% | ∞% | 0% 0% Total | 2.001% 2.001% Total |
After | 10,724,868.175 10,721,747.238 USD | 1,214.382 1,214.029 USD | 0.011% | NaN% | ∞% | 0% 0% Total | 2.001% 2.001% Total |
mBUSD.wh
| Parameter | Collateral Factor | Implied Collateral Ratio | Borrow Cap | Supply Cap |
|---|---|---|---|---|
Before | 0 | ∞% | 325,000 324,853.75 USD | None undefined USD |
After | 0 | ∞% | 325,000 324,853.75 USD | None undefined USD |
| IRM Parameter | Base rate | Multiplier | Kink | Jump Multiplier | Reserve Factor | Contract |
|---|---|---|---|---|---|---|
Before | 2% | 0.1 | 0.8 | 1.09 | 0.99 | |
After | 2% | 0.1 | 0.8 | 1.09 | 0.99 |
| Key borrow rates | Base | Kink | Max |
|---|---|---|---|
Before | 2% | 10% | 31.8% |
After | 2% | 10% | 31.8% |
| Key supply rates | Base | Kink | Max |
|---|---|---|---|
Before | 0% | 0.08% | 0.318% |
After | 0% | 0.08% | 0.318% |
| Borrow rates | 0% | 10% | 20% | 30% | 40% | 50% | 60% | 70% | 80% | 90% | 100% |
|---|---|---|---|---|---|---|---|---|---|---|---|
Before | 2% | 3% | 4% | 5% | 6% | 7% | 8% | 9% | 10% | 20.9% | 31.8% |
After | 2% | 3% | 4% | 5% | 6% | 7% | 8% | 9% | 10% | 20.9% | 31.8% |
| Supply rates | 0% | 10% | 20% | 30% | 40% | 50% | 60% | 70% | 80% | 90% | 100% |
|---|---|---|---|---|---|---|---|---|---|---|---|
Before | 0% | 0.003% | 0.008% | 0.015% | 0.024% | 0.035% | 0.048% | 0.063% | 0.08% | 0.188% | 0.318% |
After | 0% | 0.003% | 0.008% | 0.015% | 0.024% | 0.035% | 0.048% | 0.063% | 0.08% | 0.188% | 0.318% |
| Market State | Total Supply | Total Borrows | Utilization | Supply cap utilization | Borrow cap utilization | Supply rate | Borrow rate |
|---|---|---|---|---|---|---|---|
Before | 1,271.551 1,270.979 USD | 1,102.893 1,102.396 USD | 86.736% | NaN% | 0.339% | 0.15% 0.15% Total | 17.342% 17.342% Total |
After | 1,271.551 1,270.979 USD | 1,102.893 1,102.396 USD | 86.736% | NaN% | 0.339% | 0.15% 0.15% Total | 17.342% 17.342% Total |
mGLMR
| Parameter | Collateral Factor | Implied Collateral Ratio | Borrow Cap | Supply Cap |
|---|---|---|---|---|
Before | 0.62 | 161.29% | 22,555,000 5,995,502.435 USD | None undefined USD |
After | 0.62 | 161.29% | 22,555,000 5,995,502.435 USD | None undefined USD |
| IRM Parameter | Base rate | Multiplier | Kink | Jump Multiplier | Reserve Factor | Contract |
|---|---|---|---|---|---|---|
Before | 2% | 0.15 | 0.6 | 3 | 0.25 | |
After | 2% | 0.15 | 0.6 | 3 | 0.25 |
| Key borrow rates | Base | Kink | Max |
|---|---|---|---|
Before | 2% | 11% | 131% |
After | 2% | 11% | 131% |
| Key supply rates | Base | Kink | Max |
|---|---|---|---|
Before | 0% | 4.95% | 98.25% |
After | 0% | 4.95% | 98.25% |
| Borrow rates | 0% | 10% | 20% | 30% | 40% | 50% | 60% | 70% | 80% | 90% | 100% |
|---|---|---|---|---|---|---|---|---|---|---|---|
Before | 2% | 3.5% | 5% | 6.5% | 8% | 9.5% | 11% | 41% | 71% | 101% | 131% |
After | 2% | 3.5% | 5% | 6.5% | 8% | 9.5% | 11% | 41% | 71% | 101% | 131% |
| Supply rates | 0% | 10% | 20% | 30% | 40% | 50% | 60% | 70% | 80% | 90% | 100% |
|---|---|---|---|---|---|---|---|---|---|---|---|
Before | 0% | 0.262% | 0.75% | 1.462% | 2.4% | 3.562% | 4.95% | 21.525% | 42.6% | 68.175% | 98.25% |
After | 0% | 0.262% | 0.75% | 1.462% | 2.4% | 3.562% | 4.95% | 21.525% | 42.6% | 68.175% | 98.25% |
| Market State | Total Supply | Total Borrows | Utilization | Supply cap utilization | Borrow cap utilization | Supply rate | Borrow rate |
|---|---|---|---|---|---|---|---|
Before | 19,506,601.765 5,185,186.361 USD | 6,508,170.181 1,729,982.273 USD | 33.364% | NaN% | 28.855% | 1.753% 1.753% Total | 7.005% 7.005% Total |
After | 19,506,601.765 5,185,186.361 USD | 6,508,170.181 1,729,982.273 USD | 33.364% | NaN% | 28.855% | 1.753% 1.753% Total | 7.005% 7.005% Total |
mFRAX
| Parameter | Collateral Factor | Implied Collateral Ratio | Borrow Cap | Supply Cap |
|---|---|---|---|---|
Before | 0.59 | 169.492% | 5,250,000 5,249,359.5 USD | None undefined USD |
After | 0.59 | 169.492% | 5,250,000 5,249,359.5 USD | None undefined USD |
| IRM Parameter | Base rate | Multiplier | Kink | Jump Multiplier | Reserve Factor | Contract |
|---|---|---|---|---|---|---|
Before | 0% | 0.05 | 0.8 | 2.5 | 0.15 | |
After | 0% | 0.05 | 0.8 | 2.5 | 0.15 |
| Key borrow rates | Base | Kink | Max |
|---|---|---|---|
Before | 0% | 4% | 54% |
After | 0% | 4% | 54% |
| Key supply rates | Base | Kink | Max |
|---|---|---|---|
Before | 0% | 2.72% | 45.9% |
After | 0% | 2.72% | 45.9% |
| Borrow rates | 0% | 10% | 20% | 30% | 40% | 50% | 60% | 70% | 80% | 90% | 100% |
|---|---|---|---|---|---|---|---|---|---|---|---|
Before | 0% | 0.5% | 1% | 1.5% | 2% | 2.5% | 3% | 3.5% | 4% | 29% | 54% |
After | 0% | 0.5% | 1% | 1.5% | 2% | 2.5% | 3% | 3.5% | 4% | 29% | 54% |
| Supply rates | 0% | 10% | 20% | 30% | 40% | 50% | 60% | 70% | 80% | 90% | 100% |
|---|---|---|---|---|---|---|---|---|---|---|---|
Before | 0% | 0.042% | 0.17% | 0.382% | 0.68% | 1.062% | 1.53% | 2.082% | 2.72% | 22.185% | 45.9% |
After | 0% | 0.042% | 0.17% | 0.382% | 0.68% | 1.062% | 1.53% | 2.082% | 2.72% | 22.185% | 45.9% |
| Market State | Total Supply | Total Borrows | Utilization | Supply cap utilization | Borrow cap utilization | Supply rate | Borrow rate |
|---|---|---|---|---|---|---|---|
Before | 5,235,629.616 5,234,990.869 USD | 4,477,111.191 4,476,564.983 USD | 85.512% | NaN% | 85.278% | 12.924% 12.924% Total | 17.781% 17.781% Total |
After | 5,235,629.616 5,234,990.869 USD | 4,477,111.191 4,476,564.983 USD | 85.512% | NaN% | 85.278% | 12.924% 12.924% Total | 17.781% 17.781% Total |
mETH.wh
| Parameter | Collateral Factor | Implied Collateral Ratio | Borrow Cap | Supply Cap |
|---|---|---|---|---|
Before | 0.5 | 200% | 500 1,047,565 USD | None undefined USD |
After | 0.52 | 192.308% | 500 1,047,565 USD | None undefined USD |
| IRM Parameter | Base rate | Multiplier | Kink | Jump Multiplier | Reserve Factor | Contract |
|---|---|---|---|---|---|---|
Before | 2% | 0.187 | 0.6 | 3 | 0.25 | |
After | 2% | 0.187 | 0.6 | 3 | 0.25 |
| Key borrow rates | Base | Kink | Max |
|---|---|---|---|
Before | 2% | 13.25% | 133.25% |
After | 2% | 13.25% | 133.25% |
| Key supply rates | Base | Kink | Max |
|---|---|---|---|
Before | 0% | 5.962% | 99.937% |
After | 0% | 5.962% | 99.937% |
| Borrow rates | 0% | 10% | 20% | 30% | 40% | 50% | 60% | 70% | 80% | 90% | 100% |
|---|---|---|---|---|---|---|---|---|---|---|---|
Before | 2% | 3.875% | 5.75% | 7.625% | 9.5% | 11.375% | 13.25% | 43.25% | 73.25% | 103.25% | 133.25% |
After | 2% | 3.875% | 5.75% | 7.625% | 9.5% | 11.375% | 13.25% | 43.25% | 73.25% | 103.25% | 133.25% |
| Supply rates | 0% | 10% | 20% | 30% | 40% | 50% | 60% | 70% | 80% | 90% | 100% |
|---|---|---|---|---|---|---|---|---|---|---|---|
Before | 0% | 0.291% | 0.862% | 1.716% | 2.85% | 4.266% | 5.962% | 22.706% | 43.95% | 69.694% | 99.937% |
After | 0% | 0.291% | 0.862% | 1.716% | 2.85% | 4.266% | 5.962% | 22.706% | 43.95% | 69.694% | 99.937% |
| Market State | Total Supply | Total Borrows | Utilization | Supply cap utilization | Borrow cap utilization | Supply rate | Borrow rate |
|---|---|---|---|---|---|---|---|
Before | 1,207.073 2,528,973.977 USD | 247.113 517,732.892 USD | 20.472% | NaN% | 49.423% | 0.896% 0.896% Total | 5.839% 5.839% Total |
After | 1,207.073 2,528,973.977 USD | 247.113 517,732.892 USD | 20.472% | NaN% | 49.423% | 0.896% 0.896% Total | 5.839% 5.839% Total |
mBTC.wh
| Parameter | Collateral Factor | Implied Collateral Ratio | Borrow Cap | Supply Cap |
|---|---|---|---|---|
Before | 0.35 | 285.714% | 110 4,049,320 USD | None undefined USD |
After | 0.35 | 285.714% | 50 1,840,600 USD | None undefined USD |
| IRM Parameter | Base rate | Multiplier | Kink | Jump Multiplier | Reserve Factor | Contract |
|---|---|---|---|---|---|---|
Before | 2% | 0.15 | 0.6 | 3 | 0.25 | |
After | 2% | 0.15 | 0.6 | 3 | 0.25 |
| Key borrow rates | Base | Kink | Max |
|---|---|---|---|
Before | 2% | 11% | 131% |
After | 2% | 11% | 131% |
| Key supply rates | Base | Kink | Max |
|---|---|---|---|
Before | 0% | 4.95% | 98.25% |
After | 0% | 4.95% | 98.25% |
| Borrow rates | 0% | 10% | 20% | 30% | 40% | 50% | 60% | 70% | 80% | 90% | 100% |
|---|---|---|---|---|---|---|---|---|---|---|---|
Before | 2% | 3.5% | 5% | 6.5% | 8% | 9.5% | 11% | 41% | 71% | 101% | 131% |
After | 2% | 3.5% | 5% | 6.5% | 8% | 9.5% | 11% | 41% | 71% | 101% | 131% |
| Supply rates | 0% | 10% | 20% | 30% | 40% | 50% | 60% | 70% | 80% | 90% | 100% |
|---|---|---|---|---|---|---|---|---|---|---|---|
Before | 0% | 0.262% | 0.75% | 1.462% | 2.4% | 3.562% | 4.95% | 21.525% | 42.6% | 68.175% | 98.25% |
After | 0% | 0.262% | 0.75% | 1.462% | 2.4% | 3.562% | 4.95% | 21.525% | 42.6% | 68.175% | 98.25% |
| Market State | Total Supply | Total Borrows | Utilization | Supply cap utilization | Borrow cap utilization | Supply rate | Borrow rate |
|---|---|---|---|---|---|---|---|
Before | 180.378 6,640,065.271 USD | 36.801 1,354,732.026 USD | 20.402% | NaN% | 33.456% | 0.774% 0.774% Total | 5.06% 5.06% Total |
After | 180.378 6,640,065.271 USD | 36.801 1,354,732.026 USD | 20.402% | NaN% | 33.456% | 0.774% 0.774% Total | 5.06% 5.06% Total |
mUSDC.wh
| Parameter | Collateral Factor | Implied Collateral Ratio | Borrow Cap | Supply Cap |
|---|---|---|---|---|
Before | 0.64 | 156.25% | 2,200,000 2,199,359.8 USD | None undefined USD |
After | 0.64 | 156.25% | 2,400,000 2,399,301.6 USD | None undefined USD |
| IRM Parameter | Base rate | Multiplier | Kink | Jump Multiplier | Reserve Factor | Contract |
|---|---|---|---|---|---|---|
Before | 0% | 0.062 | 0.8 | 3.5 | 0.15 | |
After | 0% | 0.062 | 0.8 | 3.5 | 0.15 |
| Key borrow rates | Base | Kink | Max |
|---|---|---|---|
Before | 0% | 4.96% | 74.96% |
After | 0% | 4.96% | 74.96% |
| Key supply rates | Base | Kink | Max |
|---|---|---|---|
Before | 0% | 3.373% | 63.716% |
After | 0% | 3.373% | 63.716% |
| Borrow rates | 0% | 10% | 20% | 30% | 40% | 50% | 60% | 70% | 80% | 90% | 100% |
|---|---|---|---|---|---|---|---|---|---|---|---|
Before | 0% | 0.62% | 1.24% | 1.86% | 2.48% | 3.1% | 3.72% | 4.34% | 4.96% | 39.96% | 74.96% |
After | 0% | 0.62% | 1.24% | 1.86% | 2.48% | 3.1% | 3.72% | 4.34% | 4.96% | 39.96% | 74.96% |
| Supply rates | 0% | 10% | 20% | 30% | 40% | 50% | 60% | 70% | 80% | 90% | 100% |
|---|---|---|---|---|---|---|---|---|---|---|---|
Before | 0% | 0.053% | 0.211% | 0.474% | 0.843% | 1.317% | 1.897% | 2.582% | 3.373% | 30.569% | 63.716% |
After | 0% | 0.053% | 0.211% | 0.474% | 0.843% | 1.317% | 1.897% | 2.582% | 3.373% | 30.569% | 63.716% |
| Market State | Total Supply | Total Borrows | Utilization | Supply cap utilization | Borrow cap utilization | Supply rate | Borrow rate |
|---|---|---|---|---|---|---|---|
Before | 1,599,529.348 1,599,063.885 USD | 1,284,606.637 1,284,232.816 USD | 80.312% | NaN% | 58.391% | 4.13% 4.13% Total | 6.05% 6.05% Total |
After | 1,599,529.348 1,599,063.885 USD | 1,284,606.637 1,284,232.816 USD | 80.312% | NaN% | 58.391% | 4.13% 4.13% Total | 6.05% 6.05% Total |
Liquidatable accounts
The table below lists accounts that will be at risk of liquidation once the proposal is passed.
Total liquidatable accounts: 0
| Accounts | Free collateral Before (USD) | Free collateral After (USD) | Diff (USD) |
|---|---|---|---|
Nothing to display |
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