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Angle ProtocolAngle Protocolby0xfdA462548Ce04282f4B6D6619823a7C64Fdc0185angleprotocol.lens

AIP - 67: Change oracle implementation for bIB01

Voting ended over 2 years agoSucceeded

Hey everyone,

This is a proposal to change the oracle for the bIB01.

Context

The bIB01 was recently deployed as a collateral for agEUR on mainnet. The oracle implementation used was a custom implementation maintained by Backed.

Chainlink recently deployed an IB01-USD feed (at the address: 0x32d1463EB53b73C095625719Afa544D5426354cB).

Proposal

Given that Chainlink is the trusted solution used everywhere in Angle contracts to secure price feed, proposal here is to switch the IB01 oracle implementation from Backed version to Chainlink version.

Implementation

This requires deploying a new oracle contract (with as a reference the new IB01 price feed).

Value to the protocol

Intent is to make the oracles used by the protocol safer, and not rely on another third party (here Backed dev team) when it comes to the oracles.

Voting Options

  1. For, change oracle
  2. Against, do nothing

Off-Chain Vote

For, change oracle
63.71M veANGLE100%
Against, do nothing
6.59K veANGLE0%
Quorum:650%
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Discussion

Angle ProtocolAIP - 67: Change oracle implementation for bIB01

Timeline

Jun 08, 2023Proposal created
Jun 08, 2023Proposal vote started
Jun 13, 2023Proposal vote ended
Feb 18, 2025Proposal updated