feat: update description for VIP-205

VenusProtocol · Nov 17, 2023 · d2b86cc · d2b86cc
1 parent a8f2e16
commit d2b86cc
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Showing 2 changed files with 18 additions and 22 deletions.
diff --git a/simulations/vip-205/simulations.ts b/simulations/vip-205/simulations.ts
@@ -23,7 +23,7 @@ const VPLANET_NEW_SUPPLY_CAP = parseUnits("2000000000", 18);
 const VPLANET_NEW_BORROW_CAP = parseUnits("1000000000", 18);
 
 const RATE_MODEL_CURRENT_CORE_POOL = "0x8612b1330575d3f2f792329C5c16d55f22433c3F";
-const RATE_MODE_TUSD_OLD = "0x574f056c1751Ed5F3aa30ba04e550f4E6090c992";
+const RATE_MODEL_TUSD_OLD = "0x574f056c1751Ed5F3aa30ba04e550f4E6090c992";
 const RATE_MODEL_NEW_CORE_POOL = "0x8c2651590ECE4FFe8E722ef6F80cc7407f537bBa";
 const ZERO_RATE_MODEL = "0x93FBc248e83bc8931141ffC7f457EC882595135A";
 
@@ -60,8 +60,9 @@ forking(33570600, () => {
       expect(await vUSDC.interestRateModel()).to.equal(RATE_MODEL_CURRENT_CORE_POOL);
       expect(await vDAI.interestRateModel()).to.equal(RATE_MODEL_CURRENT_CORE_POOL);
       expect(await vTUSD.interestRateModel()).to.equal(RATE_MODEL_CURRENT_CORE_POOL);
-      expect(await vTUSD_OLD.interestRateModel()).to.equal(RATE_MODE_TUSD_OLD);
+      expect(await vTUSD_OLD.interestRateModel()).to.equal(RATE_MODEL_TUSD_OLD);
     });
+
     it("Rate Model Params should match the current settings for USDT (Stablecoin)", async () => {
       // Assert current Rate model config for USDT in Stablecoin Pool
       expect(await vUSDT_Stablecoins_IR.jumpMultiplierPerBlock()).to.equal("237823439878");
@@ -75,13 +76,14 @@ forking(33570600, () => {
       const oldCap = await comptroller.supplyCaps(VPLANET_DEFI);
       expect(oldCap).to.equal(parseUnits("1000000000", 18));
     });
+
     it("borrow cap of vPLANET (DEFI) equals 500,000,000", async () => {
       const oldCap = await comptroller.borrowCaps(VPLANET_DEFI);
       expect(oldCap).to.equal(parseUnits("500000000", 18));
     });
   });
 
-  testVip("VIP-130 Risk Parameters Update", vip205(), {
+  testVip("VIP-205 Risk Parameters Update", vip205(), {
     callbackAfterExecution: async txResponse => {
       await expectEvents(
         txResponse,
@@ -92,6 +94,7 @@ forking(33570600, () => {
       await expectEventWithParams(txResponse, VBEP20_DELEGATOR_ABI, "Failure", ["14", "50", "0"]);
     },
   });
+
   describe("Post-VIP behaviour", async () => {
     it("sets new InterestRateModel", async () => {
       expect(await vUSDC.interestRateModel()).to.equal(RATE_MODEL_NEW_CORE_POOL);
@@ -128,7 +131,7 @@ forking(33570600, () => {
       kink: "0.8",
     });
 
-    checkInterestRate(RATE_MODEL_NEW_CORE_POOL, "VUSDT (CORE)", {
+    checkInterestRate(RATE_MODEL_NEW_CORE_POOL, "Stablecoins (CORE)", {
       base: "0",
       multiplier: "0.06875",
       jump: "2.5",

diff --git a/vips/vip-205.ts b/vips/vip-205.ts
@@ -20,27 +20,20 @@ const ZERO_RATE_MODEL = "0x93FBc248e83bc8931141ffC7f457EC882595135A";
 export const vip205 = () => {
   const meta = {
     version: "v2",
-    title: "VIP-187 Risk Parameters Adjustments (ETH and USDT Stablecoins)",
-    description: `#### Description
+    title: "VIP-205 Risk Parameters Adjustments (Stablecoins and PLANET)",
+    description: `This VIP will perform the following Risk Parameter actions as per Chaos Labs’ latest recommendations in this Venus community forum publication: [Risk Parameter Updates 11/14/2023](https://community.venus.io/t/chaos-labs-risk-parameter-updates-11-14-2023/3900).
 
-This VIP will perform the following Risk Parameters actions as per Chaos Labs latest recommendations in this Venus community forum publication: [Risk Parameter Updates 11/14/2023](https://community.venus.io/t/chaos-labs-risk-parameter-updates-11-14-2023/3900).
-
-
-Stablecoin IR Curve Recommendations:
-
-  1. Multiplier Parameter Adjustment: Increase the multiplier parameter to reflect a 5.5% borrow rate at the 80% utilization kink point for:
-    - USDT, USDC, DAI, and TUSD in the Core Pool 
-    - USDT in the Stablecoins Pool (IL).
-
-  2. PLANET (DeFi Pool)
-    - Increase supply cap to 2,000,000,000
-    - Increase borrow cap to 1,000,000,000
-
-  3. TUSDOLD Borrow Rates
-    - Reduce borrow rate to 0
+- **Stablecoin IR Curve Recommendations**
+    - Multiplier Parameter Adjustment: Increase the multiplier parameter (until 6.875% yearly) to reflect a 5.5% borrow rate at the 80% utilization kink point for USDT, USDC, DAI, and TUSD in the Core Pool and USDT in the Stablecoins Pool.
+- **PLANET (DeFi Pool)**
+    - **Increase supply cap to 2,000,000,000 PLANET**
+    - **Increase borrow cap to 1,000,000,000 PLANET**
+- **TUSDOLD Borrow Rate**
+    - **Reduce borrow rate to 0**
 
 Complete analysis and details of these recommendations are available in the above publication.
-`,
+
+VIP simulation: https://github.com/VenusProtocol/vips/pull/110`,
 
     forDescription: "I agree that Venus Protocol should proceed with this proposal",
     againstDescription: "I do not think that Venus Protocol should proceed with this proposal",