Summary
During a pre-execution check for the upcoming PT-sUSDe-29MAY2025 FiRM market launch, we identified that the deployed, pre-initialization market contract liquidation incentive of 10% triggers an “unsafe param” revert due to the collateral factor action being set at 91,5%. To address this, a follow-up proposal will be executed setting the liquidation incentive to 5% before the Collateral factor parameter is executed on #276 Proposal to add PT-sUSDe-29MAY2025 Market to FiRM, to ensure that the market can be deployed without reverting.
The parameters of the initial proposal are safe for the market, but triggers the reverting safety check due to momentarily changing the liquidation parameters to be unsafe, due to the order of parameter changing operations. This prevents the proposal from properly executing, even though the final initialized market would have safe liquidation parameters.
On-Chain Actions
- Set liquidation Incentive of PT-sUSDe-29MAY2025 to 5%