Transaction Details
Transaction Hash:
0xc5
1e0fba2453778cceb7822e2aecca331dd8f2f95c201ccce7b158b8704a
6117
Status:
Success
Block:
19863161
Finalized
Timestamp:
2024-05-13 19:23:59 +0000 UTC
From:
Interacted With:
Contract
Value:
0 ETH
0.00 ETH
Transaction Fee:
0.00833843 ETH
0.01 ETH
Effective Gas Price:
13.04577959 GWei
Execution Stats:
Used
639167
out of
827897
Gas
(77%)
Gas Fees:
Base Block Fee:
11.39577959 GWei
|
Max Overall Fee:
16.59446431 GWei
|
Max Priority Fee:
1.65 GWei
Attributes:
Txn Type: 2 (EIP-1559)
Nonce: 1405
Block Position: 77
Call Data:
Address:
Name:
ProposalCreated(uint256 id, address proposer, address[] targets, uint256[] values, string[] signatures, bytes[] calldatas, uint256 startBlock, uint256 endBlock, string description)
Topics:
| 0 | 0x7d84a6263ae0d98d3329bd7b46bb4e8d6f98cd35a7adb45c274c8b7fd5ebd5e0 |
|---|
Data (Decoded):
| calldatas | bytes[] |
0x[00000000000000000000000093554b0bc722d9e48c9ad4a518195042fd14eb69000000000000000000000000000000000000000000000000000000000000006000000000000000000000000000000000000000000000000000000000000000a0000000000000000000000000000000000000000000000000000000000000000965786563757465282900000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000]
|
|---|---|---|
| description | string |
# Update wstETH and ETH Rate Curves - May 9th, 2024
## Summary:
This proposal updates the market rates for wstETH (Wrapped Staked ETH) and ETH on Fluid's liquidity layer to better reflect current market conditions and optimize asset utilization.
**Code Changes:**
**Update wstETH Rate Curve:**
- 0% Utilization: Rate 0%
- 50% Utilization: Rate 17%
- 90% Utilization: Rate 14%
- 100% Utilization: Rate 100%
**Update ETH Rate Curve:**
- 0% Utilization: Rate 0%
- 50% Utilization: Rate 10%
- 90% Utilization: Rate 14%
- 100% Utilization: Rate 100%
### Description:
The proposed adjustments to the wstETH Rate Curve are designed to encourage borrowing by making rates more attractive at higher utilization levels while still ensuring that lenders benefit from increased APR as market utilization rises. The modification aims to create a more dynamic and attractive economic environment for all participants:
- **For Borrowers:** More incentive to increase borrowing as rates become more favorable with higher utilization.
- **Impact for Lenders:** Higher utilization results in increased lending APR.
- **Impact for Protocol:** Increased borrowing enhances protocol revenue.
This proposal also updates the ETH Rate Curve to better allgn with current market conditions.
### Conclusion:
This proposal updates the ETH and wstETH interest rates on the Fluid liquidity layer, ensuring that the rates are competitive and reflective of broader market conditions. The proposed rate curve strategy for wstETH promotes a balanced interaction between borrowers and lenders contributing to the overall health and growth of the platform.
**Forum Link:** [Update wstETH Market Rates on Fluid](https://gov.instadapp.io/t/update-wsteth-market-rates-on-fluid/757)
|
| endBlock | uint256 |
19884761
|
| id | uint256 |
22
|
| proposer | address | |
| signatures | string[] |
[executePayload(address,string,bytes)]
|
| startBlock | uint256 |
19870361
|
| targets | address[] |
[0x2386DC45AdDed673317eF068992F19421B481F4c]
|
| values | uint256[] |
[0]
|
Data (Hex):
| Type Trace Address | From | To | Value | Gas Limit |
|---|