Sonne SIP-08 Diff Report

TLDR: See liquidatable accounts once SIP-08 is applied.

---

This report provides a snapshot of the state of Sonne protocol on Optimism before and after SIP-08 proposal is applied.

  • Comptroller._setCollateralFactor("0x7F5c764cBc14f9669B88837ca1490cCa17c31607", 850000000000000000) // USDC = 0.85

  • Comptroller._setCollateralFactor("0x94b008aA00579c1307B0EF2c499aD98a8ce58e58", 850000000000000000) // USDT = 0.85

  • Comptroller._setCollateralFactor("0xDA10009cBd5D07dd0CeCc66161FC93D7c9000da1", 850000000000000000) // DAI = 0.85

  • Comptroller._setCollateralFactor("0xdFA46478F9e5EA86d57387849598dbFB2e964b02", 0) // MAI = 0

On-chain simulation was run at block #111498085 (Oct-29-2023 03:55:47 PM +UTC)

All diffs are highlighted in orange in the report.

Global parameters

Parameter
Liquidation Incentive
Close Factor

Before

108%

0.5%

After

108%

0.5%

soWETH

View on block explorer

Parameter
Collateral Factor
Implied Collateral Ratio
Borrow Cap
Supply Cap

Before

0.75

133.333%

0 0 USD

None 0 USD

After

0.75

133.333%

0 0 USD

None 0 USD

IRM Parameter
Base rate
Multiplier
Kink
Jump Multiplier
Reserve Factor
Contract
Key borrow rates
Base
Kink
Max

Before

0%

5%

32.3%

After

0%

5%

32.3%

Key supply rates
Base
Kink
Max

Before

0%

3.4%

27.455%

After

0%

3.4%

27.455%

Borrow rates
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%

Before

0%

0.625%

1.25%

1.875%

2.5%

3.125%

3.75%

4.375%

5%

18.65%

32.3%

After

0%

0.625%

1.25%

1.875%

2.5%

3.125%

3.75%

4.375%

5%

18.65%

32.3%

Supply rates
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%

Before

0%

0.053%

0.212%

0.478%

0.85%

1.328%

1.912%

2.603%

3.4%

14.267%

27.455%

After

0%

0.053%

0.212%

0.478%

0.85%

1.328%

1.912%

2.603%

3.4%

14.267%

27.455%

Market State
Total Supply
Total Borrows
Utilization
Supply cap utilization
Borrow cap utilization
Supply rate
Borrow rate

Before

3,856.565 6,928,319.133 USD

2,256.994 4,054,689.706 USD

58.535%

NaN%

∞%

1.82% 1.82% Total

3.658% 3.658% Total

After

3,856.565 6,928,319.133 USD

2,256.994 4,054,689.706 USD

58.535%

NaN%

∞%

1.82% 1.82% Total

3.658% 3.658% Total

soDAI

View on block explorer

Parameter
Collateral Factor
Implied Collateral Ratio
Borrow Cap
Supply Cap

Before

0.9

111.111%

0 0 USD

None 0 USD

After

0.85

117.647%

0 0 USD

None 0 USD

IRM Parameter
Base rate
Multiplier
Kink
Jump Multiplier
Reserve Factor
Contract
Key borrow rates
Base
Kink
Max

Before

0%

5%

32.3%

After

0%

5%

32.3%

Key supply rates
Base
Kink
Max

Before

0%

3.6%

29.07%

After

0%

3.6%

29.07%

Borrow rates
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%

Before

0%

0.625%

1.25%

1.875%

2.5%

3.125%

3.75%

4.375%

5%

18.65%

32.3%

After

0%

0.625%

1.25%

1.875%

2.5%

3.125%

3.75%

4.375%

5%

18.65%

32.3%

Supply rates
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%

Before

0%

0.056%

0.225%

0.506%

0.9%

1.406%

2.025%

2.756%

3.6%

15.106%

29.07%

After

0%

0.056%

0.225%

0.506%

0.9%

1.406%

2.025%

2.756%

3.6%

15.106%

29.07%

Market State
Total Supply
Total Borrows
Utilization
Supply cap utilization
Borrow cap utilization
Supply rate
Borrow rate

Before

9,445,890.298 9,455,336.189 USD

7,484,481.224 7,491,965.705 USD

79.269%

NaN%

∞%

3.535% 3.535% Total

4.954% 4.954% Total

After

9,445,890.298 9,455,336.189 USD

7,484,481.224 7,491,965.705 USD

79.269%

NaN%

∞%

3.535% 3.535% Total

4.954% 4.954% Total

soUSDC

View on block explorer

Parameter
Collateral Factor
Implied Collateral Ratio
Borrow Cap
Supply Cap

Before

0.9

111.111%

0 0 USD

None 0 USD

After

0.85

117.647%

0 0 USD

None 0 USD

IRM Parameter
Base rate
Multiplier
Kink
Jump Multiplier
Reserve Factor
Contract
Key borrow rates
Base
Kink
Max

Before

0%

5%

32.3%

After

0%

5%

32.3%

Key supply rates
Base
Kink
Max

Before

0%

3.6%

29.07%

After

0%

3.6%

29.07%

Borrow rates
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%

Before

0%

0.625%

1.25%

1.875%

2.5%

3.125%

3.75%

4.375%

5%

18.65%

32.3%

After

0%

0.625%

1.25%

1.875%

2.5%

3.125%

3.75%

4.375%

5%

18.65%

32.3%

Supply rates
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%

Before

0%

0.056%

0.225%

0.506%

0.9%

1.406%

2.025%

2.756%

3.6%

15.106%

29.07%

After

0%

0.056%

0.225%

0.506%

0.9%

1.406%

2.025%

2.756%

3.6%

15.106%

29.07%

Market State
Total Supply
Total Borrows
Utilization
Supply cap utilization
Borrow cap utilization
Supply rate
Borrow rate

Before

0 0 USD

0 0 USD

81.422%

NaN%

∞%

5.086% 5.086% Total

6.94% 6.94% Total

After

0 0 USD

0 0 USD

81.422%

NaN%

∞%

5.086% 5.086% Total

6.94% 6.94% Total

soMAI

View on block explorer

Parameter
Collateral Factor
Implied Collateral Ratio
Borrow Cap
Supply Cap

Before

0.35

285.714%

0 0 USD

None 0 USD

After

0

∞%

0 0 USD

None 0 USD

IRM Parameter
Base rate
Multiplier
Kink
Jump Multiplier
Reserve Factor
Contract
Key borrow rates
Base
Kink
Max

Before

2%

24.5%

49.5%

After

2%

24.5%

49.5%

Key supply rates
Base
Kink
Max

Before

0%

15.68%

39.6%

After

0%

15.68%

39.6%

Borrow rates
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%

Before

2%

4.812%

7.625%

10.437%

13.25%

16.062%

18.875%

21.687%

24.5%

37%

49.5%

After

2%

4.812%

7.625%

10.437%

13.25%

16.062%

18.875%

21.687%

24.5%

37%

49.5%

Supply rates
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%

Before

0%

0.385%

1.22%

2.505%

4.24%

6.425%

9.06%

12.145%

15.68%

26.64%

39.6%

After

0%

0.385%

1.22%

2.505%

4.24%

6.425%

9.06%

12.145%

15.68%

26.64%

39.6%

Market State
Total Supply
Total Borrows
Utilization
Supply cap utilization
Borrow cap utilization
Supply rate
Borrow rate

Before

600,689.725 129.268 USD

467,887.85 100.689 USD

78.041%

NaN%

∞%

14.952% 14.952% Total

23.949% 23.949% Total

After

600,689.725 129.268 USD

467,887.85 100.689 USD

78.041%

NaN%

∞%

14.952% 14.952% Total

23.949% 23.949% Total

soUSDT

View on block explorer

Parameter
Collateral Factor
Implied Collateral Ratio
Borrow Cap
Supply Cap

Before

0.9

111.111%

0 0 USD

None 0 USD

After

0.85

117.647%

0 0 USD

None 0 USD

IRM Parameter
Base rate
Multiplier
Kink
Jump Multiplier
Reserve Factor
Contract
Key borrow rates
Base
Kink
Max

Before

0%

5%

32.3%

After

0%

5%

32.3%

Key supply rates
Base
Kink
Max

Before

0%

3.6%

29.07%

After

0%

3.6%

29.07%

Borrow rates
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%

Before

0%

0.625%

1.25%

1.875%

2.5%

3.125%

3.75%

4.375%

5%

18.65%

32.3%

After

0%

0.625%

1.25%

1.875%

2.5%

3.125%

3.75%

4.375%

5%

18.65%

32.3%

Supply rates
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%

Before

0%

0.056%

0.225%

0.506%

0.9%

1.406%

2.025%

2.756%

3.6%

15.106%

29.07%

After

0%

0.056%

0.225%

0.506%

0.9%

1.406%

2.025%

2.756%

3.6%

15.106%

29.07%

Market State
Total Supply
Total Borrows
Utilization
Supply cap utilization
Borrow cap utilization
Supply rate
Borrow rate

Before

0 0 USD

0 0 USD

82.77%

NaN%

∞%

6.541% 6.541% Total

8.781% 8.781% Total

After

0 0 USD

0 0 USD

82.77%

NaN%

∞%

6.541% 6.541% Total

8.781% 8.781% Total

soOP

View on block explorer

Parameter
Collateral Factor
Implied Collateral Ratio
Borrow Cap
Supply Cap

Before

0.65

153.846%

4,500,000 6,300,000 USD

None 6,300,000 USD

After

0.65

153.846%

4,500,000 6,300,000 USD

None 6,300,000 USD

IRM Parameter
Base rate
Multiplier
Kink
Jump Multiplier
Reserve Factor
Contract
Key borrow rates
Base
Kink
Max

Before

2%

24.5%

49.5%

After

2%

24.5%

49.5%

Key supply rates
Base
Kink
Max

Before

0%

15.68%

39.6%

After

0%

15.68%

39.6%

Borrow rates
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%

Before

2%

4.812%

7.625%

10.437%

13.25%

16.062%

18.875%

21.687%

24.5%

37%

49.5%

After

2%

4.812%

7.625%

10.437%

13.25%

16.062%

18.875%

21.687%

24.5%

37%

49.5%

Supply rates
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%

Before

0%

0.385%

1.22%

2.505%

4.24%

6.425%

9.06%

12.145%

15.68%

26.64%

39.6%

After

0%

0.385%

1.22%

2.505%

4.24%

6.425%

9.06%

12.145%

15.68%

26.64%

39.6%

Market State
Total Supply
Total Borrows
Utilization
Supply cap utilization
Borrow cap utilization
Supply rate
Borrow rate

Before

4,052,537.085 5,673,551.918 USD

1,303,263.678 1,824,569.15 USD

32.175%

NaN%

28.961%

2.844% 2.844% Total

11.049% 11.049% Total

After

4,052,537.085 5,673,551.918 USD

1,303,263.678 1,824,569.15 USD

32.175%

NaN%

28.961%

2.844% 2.844% Total

11.049% 11.049% Total

soSUSD

View on block explorer

Parameter
Collateral Factor
Implied Collateral Ratio
Borrow Cap
Supply Cap

Before

0.6

166.667%

0 0 USD

None 0 USD

After

0.6

166.667%

0 0 USD

None 0 USD

IRM Parameter
Base rate
Multiplier
Kink
Jump Multiplier
Reserve Factor
Contract
Key borrow rates
Base
Kink
Max

Before

0%

5%

32.3%

After

0%

5%

32.3%

Key supply rates
Base
Kink
Max

Before

0%

3.2%

25.84%

After

0%

3.2%

25.84%

Borrow rates
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%

Before

0%

0.625%

1.25%

1.875%

2.5%

3.125%

3.75%

4.375%

5%

18.65%

32.3%

After

0%

0.625%

1.25%

1.875%

2.5%

3.125%

3.75%

4.375%

5%

18.65%

32.3%

Supply rates
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%

Before

0%

0.05%

0.2%

0.45%

0.8%

1.25%

1.8%

2.45%

3.2%

13.428%

25.84%

After

0%

0.05%

0.2%

0.45%

0.8%

1.25%

1.8%

2.45%

3.2%

13.428%

25.84%

Market State
Total Supply
Total Borrows
Utilization
Supply cap utilization
Borrow cap utilization
Supply rate
Borrow rate

Before

1,034,063.863 1,032,310.091 USD

857,537.491 856,083.108 USD

82.994%

NaN%

∞%

6.033% 6.033% Total

9.087% 9.087% Total

After

1,034,063.863 1,032,310.091 USD

857,537.491 856,083.108 USD

82.994%

NaN%

∞%

6.033% 6.033% Total

9.087% 9.087% Total

soSNX

View on block explorer

Parameter
Collateral Factor
Implied Collateral Ratio
Borrow Cap
Supply Cap

Before

0.45

222.222%

450,000 1,048,500 USD

None 1,048,500 USD

After

0.45

222.222%

450,000 1,048,500 USD

None 1,048,500 USD

IRM Parameter
Base rate
Multiplier
Kink
Jump Multiplier
Reserve Factor
Contract
Key borrow rates
Base
Kink
Max

Before

2.5%

25%

125%

After

2.5%

25%

125%

Key supply rates
Base
Kink
Max

Before

0%

14.6%

91.25%

After

0%

14.6%

91.25%

Borrow rates
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%

Before

2.5%

5.312%

8.125%

10.937%

13.75%

16.562%

19.375%

22.187%

25%

75%

125%

After

2.5%

5.312%

8.125%

10.937%

13.75%

16.562%

19.375%

22.187%

25%

75%

125%

Supply rates
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%

Before

0%

0.388%

1.186%

2.395%

4.015%

6.045%

8.486%

11.338%

14.6%

49.275%

91.25%

After

0%

0.388%

1.186%

2.395%

4.015%

6.045%

8.486%

11.338%

14.6%

49.275%

91.25%

Market State
Total Supply
Total Borrows
Utilization
Supply cap utilization
Borrow cap utilization
Supply rate
Borrow rate

Before

420,482.775 979,724.866 USD

197,206.381 459,490.868 USD

46.951%

NaN%

43.824%

5.383% 5.383% Total

15.705% 15.705% Total

After

420,482.775 979,724.866 USD

197,206.381 459,490.868 USD

46.951%

NaN%

43.824%

5.383% 5.383% Total

15.705% 15.705% Total

soWBTC

View on block explorer

Parameter
Collateral Factor
Implied Collateral Ratio
Borrow Cap
Supply Cap

Before

0.7

142.857%

0 0 USD

None 0 USD

After

0.7

142.857%

0 0 USD

None 0 USD

IRM Parameter
Base rate
Multiplier
Kink
Jump Multiplier
Reserve Factor
Contract
Key borrow rates
Base
Kink
Max

Before

2%

24.5%

49.5%

After

2%

24.5%

49.5%

Key supply rates
Base
Kink
Max

Before

0%

15.68%

39.6%

After

0%

15.68%

39.6%

Borrow rates
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%

Before

2%

4.812%

7.625%

10.437%

13.25%

16.062%

18.875%

21.687%

24.5%

37%

49.5%

After

2%

4.812%

7.625%

10.437%

13.25%

16.062%

18.875%

21.687%

24.5%

37%

49.5%

Supply rates
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%

Before

0%

0.385%

1.22%

2.505%

4.24%

6.425%

9.06%

12.145%

15.68%

26.64%

39.6%

After

0%

0.385%

1.22%

2.505%

4.24%

6.425%

9.06%

12.145%

15.68%

26.64%

39.6%

Market State
Total Supply
Total Borrows
Utilization
Supply cap utilization
Borrow cap utilization
Supply rate
Borrow rate

Before

287.535 192,496.056 USD

41.827 12,026.726 USD

14.549%

NaN%

∞%

0.709% 0.709% Total

6.092% 6.092% Total

After

287.535 192,496.056 USD

41.827 12,026.726 USD

14.549%

NaN%

∞%

0.709% 0.709% Total

6.092% 6.092% Total

soLUSD

View on block explorer

Parameter
Collateral Factor
Implied Collateral Ratio
Borrow Cap
Supply Cap

Before

0.6

166.667%

0 0 USD

None 0 USD

After

0.6

166.667%

0 0 USD

None 0 USD

IRM Parameter
Base rate
Multiplier
Kink
Jump Multiplier
Reserve Factor
Contract
Key borrow rates
Base
Kink
Max

Before

0%

5%

32.3%

After

0%

5%

32.3%

Key supply rates
Base
Kink
Max

Before

0%

3.2%

25.84%

After

0%

3.2%

25.84%

Borrow rates
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%

Before

0%

0.625%

1.25%

1.875%

2.5%

3.125%

3.75%

4.375%

5%

18.65%

32.3%

After

0%

0.625%

1.25%

1.875%

2.5%

3.125%

3.75%

4.375%

5%

18.65%

32.3%

Supply rates
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%

Before

0%

0.05%

0.2%

0.45%

0.8%

1.25%

1.8%

2.45%

3.2%

13.428%

25.84%

After

0%

0.05%

0.2%

0.45%

0.8%

1.25%

1.8%

2.45%

3.2%

13.428%

25.84%

Market State
Total Supply
Total Borrows
Utilization
Supply cap utilization
Borrow cap utilization
Supply rate
Borrow rate

Before

1,385,499.292 1,379,597.065 USD

1,135,955.962 1,131,116.79 USD

82.047%

NaN%

∞%

5.116% 5.116% Total

7.795% 7.795% Total

After

1,385,499.292 1,379,597.065 USD

1,135,955.962 1,131,116.79 USD

82.047%

NaN%

∞%

5.116% 5.116% Total

7.795% 7.795% Total

sowstETH

View on block explorer

Parameter
Collateral Factor
Implied Collateral Ratio
Borrow Cap
Supply Cap

Before

0.6

166.667%

0 0 USD

None 0 USD

After

0.6

166.667%

0 0 USD

None 0 USD

IRM Parameter
Base rate
Multiplier
Kink
Jump Multiplier
Reserve Factor
Contract
Key borrow rates
Base
Kink
Max

Before

2%

24.5%

49.5%

After

2%

24.5%

49.5%

Key supply rates
Base
Kink
Max

Before

0%

16.072%

40.59%

After

0%

16.072%

40.59%

Borrow rates
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%

Before

2%

4.812%

7.625%

10.437%

13.25%

16.062%

18.875%

21.687%

24.5%

37%

49.5%

After

2%

4.812%

7.625%

10.437%

13.25%

16.062%

18.875%

21.687%

24.5%

37%

49.5%

Supply rates
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%

Before

0%

0.395%

1.25%

2.568%

4.346%

6.586%

9.286%

12.449%

16.072%

27.306%

40.59%

After

0%

0.395%

1.25%

2.568%

4.346%

6.586%

9.286%

12.449%

16.072%

27.306%

40.59%

Market State
Total Supply
Total Borrows
Utilization
Supply cap utilization
Borrow cap utilization
Supply rate
Borrow rate

Before

5,194.686 10,658,093.582 USD

745.711 1,529,997.368 USD

14.357%

NaN%

∞%

0.711% 0.711% Total

6.038% 6.038% Total

After

5,194.686 10,658,093.582 USD

745.711 1,529,997.368 USD

14.357%

NaN%

∞%

0.711% 0.711% Total

6.038% 6.038% Total

Impacted accounts

The table is filtered for accounts have at least 1 borrow transaction.

Total impacted accounts: 918. View on Google Sheet

Accounts
Free collateral Before (USD)
Free collateral After (USD)
Diff (USD)

719,816.607

454,196.989

-265,619.617

672,062.933

472,343.683

-199,719.251

600,269.644

421,633.18

-178,636.464

286,904.227

122,637.683

-164,266.543

388,120.027

272,712.916

-115,407.111

212,145.106

124,828.096

-87,317.009

94,710.769

20,074.951

-74,635.818

97,691.801

35,296.324

-62,395.476

188,542.312

128,586.197

-59,956.116

54,451.788

4,800.37

-49,651.418

229,816.01

201,650.932

-28,165.078

99,770.987

73,572.091

-26,198.896

28,332.27

7,964.706

-20,367.564

65,712.695

46,439.28

-19,273.414

37,027.661

20,570.131

-16,457.53

65,461.744

49,104.323

-16,357.421

2,200.181

-12,873.119

-15,073.3

31,825.536

17,792.504

-14,033.032

8,281.137

-5,082.813

-13,363.95

5,145.435

-7,734.927

-12,880.362

28,419.591

17,117.206

-11,302.385

6,535.321

-3,744.326

-10,279.647

177,912.494

168,028.466

-9,884.027

73,032.065

64,020.233

-9,011.833

12,361.187

3,470.607

-8,890.579

31,424.305

23,415.796

-8,008.509

134,879.746

127,120.473

-7,759.273

154,747.484

147,048.753

-7,698.732

40,654.396

35,535.05

-5,119.346

38,035.051

33,048.6

-4,986.451

9,971.471

5,433.287

-4,538.184

26,058.944

21,910.749

-4,148.195

16,620.228

12,729.802

-3,890.426

1,196.602

-2,651.478

-3,848.08

40,144.6

36,642.628

-3,501.972

21,257.817

18,255.021

-3,002.796

39,582.257

37,147.042

-2,435.215

11,055.573

9,341.553

-1,714.02

10,504.556

8,939.461

-1,565.095

6,227.221

4,688.548

-1,538.673

8,194.057

6,680.676

-1,513.381

8,537.045

7,084.126

-1,452.919

4,995.942

3,619.224

-1,376.718

23,875.103

22,587.639

-1,287.464

9,750.677

8,710.896

-1,039.781

13,466.429

12,718.294

-748.135

12,285.798

11,611.449

-674.348

13,015.805

12,482.996

-532.809

47,828.593

47,650.009

-178.584

Last updated

Was this helpful?