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MorphoV1.1-Coinshift-USDC-wUSDL-Additions #208

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merged 5 commits into from
Jan 9, 2025

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Zen-Maxi
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@Zen-Maxi Zen-Maxi commented Jan 4, 2025

This PR does the following:

  • Marks current MetaMorpho vaults as unsafe due to the potential flash loan incompatibility. The rate providers remain "safe" technically, but will not ever be used. Feel free to remove this contracts from the registry completely if that is cleaner.
  • Adds the new v1.1 vaults for a first review to take place. Please note audits are not available for these vaults, I will ask Morpho for them on Monday January 6th.

Details:
New Morpho deployments of v1.1 vaults have been made initially by Steakhouse and Coinshift. These pertain to a new wUSDL deployment, and a new Coinshift branded csUSDC vault. Please review the rate providers, run fork tests for the vaults, and provide feedback as needed. @mkflow27

This version comes with key improvements:

  • Automated bad debt realization is removed, making the vaults function similarly to an Aave instance. As a result, they can be safely rehypothecated and used in places that make their shares flashloanable.
  • Curators can update vault names and symbols.
  • Vaults can be deployed with timelock=0.

New Morpho deployments of v1.1 vaults have been made initially by Steakhouse and Coinshift. Please review the rate providers, run fork tests for the vaults, and provide feedback as needed. @mkflow27

This version comes with key improvements:
- Automated bad debt realization is removed, making the vaults function similarly to an Aave instance. As a result, they can be safely rehypothecated and used in places that make their shares flashloanable.
- Curators can update vault names and symbols.
- Vaults can be deployed with timelock=0.
@Zen-Maxi Zen-Maxi requested a review from mkflow27 January 4, 2025 22:56
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Thanks for the updated addresses.

@mkflow27 mkflow27 requested a review from danielmkm January 8, 2025 08:46
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@danielmkm danielmkm left a comment

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Looks good, thanks guys

@mkflow27 mkflow27 merged commit bbe8aff into main Jan 9, 2025
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@mkflow27 mkflow27 deleted the MorphoV1.1-Coinshift-USDC-wUSDL-Additions branch January 9, 2025 09:54
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3 participants