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Idle DAOIdle DAOby0x2fa92128ecE3901395448bf62Dd5Ff6a358715400x2fa9…1540

[Temperature Check] - PriceOracle Upgrade

Voting ended over 4 years agoSucceeded

Summary

This Temperature Check gauges the community sentiment on the proposal to upgrade the PriceOracle to properly account for COMP distribution after Compound Proposal 62.

If the proposal will pass the Temperature Check, it will be merged with the next IIP.

Motivation

With Proposal 62 approval, Compound changed the Comptroller logic into two different COMP distribution rates: borrow-side (compBorrowSpeeds) rate and supply-side (compSupplySpeeds) rate.

The technical change is described as follows:

Comptroller#compSpeeds storage variable is no longer being used and has been effectively deleted. It's replaced by Comptroller#compBorrowSpeeds and Comptroller#compSupplySpeeds. This proposal copies the current rates into the new storage variables.

Idle protocol’s oracle uses compSpeeds and it needs to be updated with compSupplySpeeds. Executing the change, IdleController will properly account for COMP rewards when calculating how much IDLE distribute to each IdleToken.

Details

The new implementation is available here.

Actions: Oracle update: 1 action

Voting Options

Please cast your vote on one of the following options: FOR: Approve PriceOracle Upgrade AGAINST: Vote against PriceOracle Upgrade DISCUSS MORE: Discuss more the proposal

This poll is available for both $IDLE token holders and stkIDLE holders. The final $IDLE voting weights will be calculated using the approved calculator.

Off-Chain Vote

FOR
6.89K 100%
AGAINST
0 0%
DISCUSS MORE
0 0%
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Timeline

Nov 11, 2021Proposal created
Nov 11, 2021Proposal vote started
Nov 14, 2021Proposal vote ended
Oct 26, 2023Proposal updated