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

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

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):

37KB

MIP-M09.md

Global parameters

Parameter	Liquidation Incentive	Close Factor
Before	110%	0.5%
After	110%	0.5%

mETH.mad

View on block explorer

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	0x1Ce7e4928943d6A4820375eBe737204dc1E73755
After	2%	0.1	0.8	1.09	1	0x1Ce7e4928943d6A4820375eBe737204dc1E73755

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

View on block explorer

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	0x1Ce7e4928943d6A4820375eBe737204dc1E73755
After	2%	0.1	0.8	1.09	1	0x1Ce7e4928943d6A4820375eBe737204dc1E73755

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

View on block explorer

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	0x1Ce7e4928943d6A4820375eBe737204dc1E73755
After	2%	0.1	0.8	1.09	1	0x1Ce7e4928943d6A4820375eBe737204dc1E73755

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

View on block explorer

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	0x1Ce7e4928943d6A4820375eBe737204dc1E73755
After	2%	0.1	0.8	1.09	0.99	0x1Ce7e4928943d6A4820375eBe737204dc1E73755

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

View on block explorer

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	0x03232b5ee80369A88620615f8328BeEC1884b731
After	2%	0.15	0.6	3	0.25	0x03232b5ee80369A88620615f8328BeEC1884b731

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

View on block explorer

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	0x4c68fDA91bfb4683eAB90017d9B76a99F2d77Eed
After	0%	0.05	0.8	2.5	0.15	0x4c68fDA91bfb4683eAB90017d9B76a99F2d77Eed

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

View on block explorer

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	0x4393277B02ef3cA293990A772B7160a8c76F2443
After	2%	0.187	0.6	3	0.25	0x4393277B02ef3cA293990A772B7160a8c76F2443

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

View on block explorer

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	0x03232b5ee80369A88620615f8328BeEC1884b731
After	2%	0.15	0.6	3	0.25	0x03232b5ee80369A88620615f8328BeEC1884b731

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

View on block explorer

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	0x5A996387E75D5b1f976F2c8f20C03CB610460C5d
After	0%	0.062	0.8	3.5	0.15	0x5A996387E75D5b1f976F2c8f20C03CB610460C5d

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