Summary
This proposal corrects the wBTC FiRM market oracle feed configuration and resumes market operations.
Background
A configuration error was identified in the wBTC price feed deployment. The _bridgeAssetDenominator constructor argument was incorrectly set, which would have caused incorrect price derivation during a significant WBTC/BTC dislocation event.
The market was paused as a precaution upon discovery. A corrected feed has been deployed and tested:
- New feed:
0xd66b3f73bd85dfb52d01e5ef56db29b75730b3dc
No user funds were affected. The misconfiguration would only have posed risk in the event of a substantial WBTC/BTC depeg, which did not occur.
Proposed Actions
-
Set wBTC market oracle to corrected feed
-
Unpause wBTC market
Impact
Borrowers may observe slight health factor adjustments reflecting current WBTC/BTC pricing. No user action required.
On-Chain Actions
- Set wBTC market feed with correct decimals
- Unpause market borrows