Proposal to Remove Minting Rights for Deprecated Feds

DOLA Feds
1

Summary

This proposal aims to deprecate redundant AMM Feds (listed below) by revoking their minting rights. This action is in line with the broader housekeeping initiative undertaken by the Risk Working Group and the continuous effort to streamline operational efficiency and reduce oversight and potential overheads.

Background

The Fed contracts are designed to manage the DOLA supply dynamically, contributing significantly to the stability of DOLA’s peg to the US dollar. These contracts, governed by Inverse Finance, expand or contract the DOLA supply in response to demand fluctuations in the associated liquidity pools or lending markets. Among the Feds, AMM Feds interact with AMM liquidity pools, while Variable-Rate and Fixed-Rate Lending Feds engage with over-collateralized lending markets, each playing a critical role in maintaining DOLA’s peg stability.

Rationale

The table below presents information pertaining to all active and past DOLA Feds.

Fed Name Type Contract Initiated Deprecated
Frontier Fed Variable 0x5E075E40D01c82B6Bf0B0ecdb4Eb1D6984357EF7 Alpha #12 Active
Fuse Pool #6 Fed Variable 0xe3277f1102C1ca248aD859407Ca0cBF128DB0664 Alpha #27
Scream Fed (Fantom) Variable 0x4d7928e993125A9Cefe7ffa9aB637653654222E2 Ticket
Fuse Pool #22 Fed Variable 0x7765996dAe0Cf3eCb0E74c016fcdFf3F055A5Ad8 Proposal #8
Fuse Pool #127 Fed Variable 0x5Fa92501106d7E4e8b4eF3c4d08112b6f306194C Proposal #13
Fuse Pool #24 Fed Variable 0xCBF33D02f4990BaBcba1974FIA5A8Aea21080E36 Proposal #18
Yearn Fed AMM 0xcc180262347F84544c3a4854b87C34117ACADf94 Proposal #21
Convex Fed AMM 0x57D59a73CDC15fe717D2f1D433290197732659E2 Proposal #60 Proposal #66
Convex Fed #2 AMM 0x9060A61994F700632D16D6d2938CA3C7a1D344Cb Proposal #66 Proposal #79
Velodrome Fed (OP) AMM 0xfEd533e0Ec584D6FF40281a7850c4621D258b43d Proposal #68 Active
Aura Fed #1 AMM 0x5D5392505ee69f9FE7a6a1c1AF14f17Db3B3e364 Proposal #71 Proposal #77
FiRM Fed Fixed 0x2b34548b865ad66A2B046cb82e59eE43F75B90fd Proposal #74 Active
Aura Fed #2 AMM 0xc6279A7Cd38819ebbF6ad3a05a0998f887DF2740 Proposal #77 Proposal #86
Convex Fed #3 AMM 0xF382d062DF29CF5E400c131C1383c9E6Cd174305 Proposal #79 Active
Aura Fed #3 AMM 0x1CD24E3FBae88BECbaFED4b8Cda765D1e6e3BC03 Proposal #86
AuraEuler Fed AMM 0xab4AE477899fD61B27744B4DEbe8990C66c81C22 Proposal #88 Proposal #111
Aura Fed #4 AMM 0x5C16aE212f8d721FAb74164d1039d4514b11DB54 Proposal #113 Active
ArbiAura Fed (ARB) AMM 0x0B5ec95257afd9534C953428AC833D19579843CB Proposal #129 Active
AeroFed (Base) AMM 0x24a3c49e5cd8786498e9051f5be7d6e86b263c8b Proposal #136 Active

As evidenced by the table above, several non-active Feds have yet to be deprecated.

On-Chain Actions

Revoke DOLA Minting Rights for the following AMM Fed contracts:

  • Aura Fed #3: 0x1CD24E3FBae88BECbaFED4b8Cda765D1e6e3BC03
  • Yearn Fed: 0xcc180262347F84544c3a4854b87C34117ACADf94
  • Fuse Pool #6 Fed: 0xe3277f1102C1ca248aD859407Ca0cBF128DB0664
  • Fuse Pool #22 Fed: 0x7765996dAe0Cf3eCb0E74c016fcdFf3F055A5Ad8
  • Fuse Pool #24 Fed: 0xCBF33D02f4990BaBcba1974F1A5A8Aea21080E36
  • Fuse Pool #127 Fed: 0x5Fa92501106d7E4e8b4eF3c4d08112b6f306194C
  • Scream Fed: 0x4d7928e993125A9Cefe7ffa9aB637653654222E2