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BalancerBalancerby0x9f74662aD05840Ba35d111930501c617920dD68eveballer.eth

[BIP-473] Permissions Preset Update Request #2 (Revised version of BIP-442)

Voting ended over 2 years agoSucceeded

PR with Payload

https://github.com/BalancerMaxis/multisig-ops/pull/604

Abstract

In this revised iteration of BIP-442, we've made a significant adjustment by excluding all Cow Protocol permissions from the preset. This decision arises from a recent protocol update, which rendered the Zodiac Role Modifier incompatible with the Cow Protocol. To ensure the Balancer Maxis do not execute the outdated payload included in BIP-442, we preemptively halted its implementation to avoid introducing unnecessary permissions.

Having seized the opportunity to fine-tune our proposal, we've chosen to seamlessly integrate new permission requests into this framework. This approach streamlines all permissions into a unified structure, eliminating the need for another BIP in the coming weeks.

Motivation

Permissions granted to karpatkey to manage the BalancerDAO treasury are not static, and require regular updates to effectively respond to evolving market conditions and to capitalise on emerging opportunities.

As it’s customary, any changes to the preset permissions must be executed by the DAO.

Specification

This proposal encompasses the addition of the following permissions:

  1. Deposit USDC on Compound v3
  2. Deposit DAI on AAVE v3
  3. Deposit USDC on AAVE v3
  4. Deposit DAI on MakerDAO’s Dai Savings Rate (DSR) Module
  5. Unstake stETH on Lido
  6. Stake (and unstake) ETH on Rocket Pool (rETH)
  7. Swap various tokens on SushiSwap
  8. Swap rETH <> WETH on Balancer
  9. Swap rETH <> WETH on Uniswap v3
  10. Swap stETH <> WETH on Curve
  11. Restake AAVE in the Safety Module
  12. Delegate AAVE/stkAAVE to karpatkey
  13. Wrap stETH

Audit Considerations

We propose an updated version of the Preset permissions - Balancer Treasury document that shows all the permissions granted to karpatkey, including the ones that are being requested now, highlighted in green.

Reviewing and providing feedback on the preset update payload would be a great service to the Balancer community. We welcome anyone who is willing to take the time to verify the content and encourage community members to share their feedback with us.

Off-Chain Vote

Yes, let's do it
3.69M veBAL100%
No, this is not the way
0.47 veBAL0%
Abstain
0.47 veBAL0%
Quorum:184%
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Discussion

Balancer[BIP-473] Permissions Preset Update Request #2 (Revised version of BIP-442)

Timeline

Nov 02, 2023Proposal created
Nov 02, 2023Proposal vote started
Nov 06, 2023Proposal vote ended
Mar 16, 2026Proposal updated