Sonne SIP-08 Diff Report

TLDR: See liquidatable accountsarrow-up-right 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 #111498085arrow-up-right (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 explorerarrow-up-right

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 explorerarrow-up-right

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 explorerarrow-up-right

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 explorerarrow-up-right

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 explorerarrow-up-right

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

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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

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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

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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

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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

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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

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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 Sheetarrow-up-right

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

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