Whitelist Temple DAO Treasury Address on FiRM
Summary:
This proposal seeks to whitelist the following multisig address associated with Temple DAO for use in FiRM: 0x0591926d5d3b9cc48ae6efb8db68025ddc3adfa5
It will also remove Temple DAO’s previously whitelisted multisig address: 0xb1BD5762fAf7D6F86f965a3fF324BD81bB746d00
Background:
As a precaution against flash loan attacks, FiRM only allows whitelisted contract interactions. This allows regular user wallets to interact while it at the same time limits any automated attacks, forcing any attacker to be extremely well-capitalized. Flashloan attacks require contract interactions and are therefore impossible. This prevents single-transaction attacks like the one Euler suffered, but also makes it more of a hassle for other protocols to integrate with FiRM, as they will need to contact us for a whitelisting. We consider this a worthy trade-off.
Objective: Temple DAO have expressed an interest to borrow DOLAs via FiRM, and therefore this proposal seeks to add the DAO Treasury Multisig to the FiRM borrowController’s contract whitelist
On-Chain Actions:
- Set 0x0591926d5d3b9cc48ae6efb8db68025ddc3adfa5 as an allowed contract on the FiRM borrowController
- Remove 0xb1BD5762fAf7D6F86f965a3fF324BD81bB746d00 as an allowed contract on the FiRM borrowController