Grant Advisory Board the Power to Enter into Investment and Retrocession Agreement with Cover ReSummary
The Foundation and Unity Cover are proposing that members grant the Advisory Board the power to enter into an investment and retrocession agreement with Re, which would require members to grant the Advisory Board the power to:
1. Enter into investment agreements with Re on behalf the MutuaQmXtVCX1bUpeG2PHD6yrhbwiYQBfqtgnH91Aj1pHU5i6Fp
1/2 Implementation of Proposal 209: Add new internal contract: RammAdd a new internal contract: RA - Ramm.solQmdr4tgm82Fh6S1AVxCpse6AgdiBhh7jNhpEe9wVBxitLM
Launch Tokenomics UpgradeSummary
The DAO R&D, Community and Foundation Engineering teams are proposing that members replace the Bonding Curve with the Ratcheting AMM (RAMM), with the initial parameters outlined below, and remove the Minimum Capital Requirement (MCR) Floor.
Rationale
Starting in December 2020, the MinQmSBKEv7f5G72EB3znQNd328J3mjaUxpkdMhD3hLRcYydD
Grant Advisory Board (as the Foundation Council) Authority to Deal with Any Matters Relating to Holdnaut, FTX, BlockFi, Gemini, and Euler Finance Claims, and Any Future Reimbursement ClaimsSummary
Members have approved claims for Holdnaut, FTX, BlockFi, Gemini, and Euler Finance. Reimbursement has been or will be available to the claimants who redeemed their claim payments.
As the Foundation Council, the Advisory Board (AB) is asking members to grant the AB the authority to deal witQmXHbJuNwix6wj37d39h83Xop2Qtxwbon2ow2hZV1SeXQD
5/5 Implementation of Proposal 197: Stake 14,400 ETH from the capital pool in Rocket Pool (rETH)Add rETH asset to the Pool.QmQy87FJxzpDMHSfRYE2cKcakEzq4dSPLixh1LEDrgQqBy
4/5 Implementation of Proposal 197: Stake 14,400 ETH from the capital pool in Rocket Pool (rETH)Add the rETH price oracle to the Pool. This updates the PRC_FEED parameter in the Pool.sol contract.QmfC3t21osRNCd25RVVH1PkFeGBx8SGjym9Y8gQr7D3oLp
3/5 Implementation of Proposal 197: Stake 14,400 ETH from the capital pool in Rocket Pool (rETH)Add new category that will execute setAssetDetails in the Pool.sol contractQmUXbRmcMcejRb1eFY3GrMDFhW2yDoGi1zHD39xGmAeMRb
Upgrade contract: Cover.sol (CO)This upgrade fixes a bug in Cover.sol that could lead to mispricing of fixed price products.
The full changes included in this upgrade can be found in release v2.1.0 in the smart contracts repo: https://github.com/NexusMutual/smart-contracts/releases/tag/v2.1.1
Contracts to be upgraded:
Cover.soQmTH8U75TynXmiV9WEAAZd8t5QTHB4hXu6TJjtdXPW7zAT
2/5 Implementation of Proposal 197: Stake 14,400 ETH from the capital pool in Rocket Pool (rETH)Update signature of the setSwapDetails function to match the latest implementation of the Pool.sol contractQmUpfcXyvRHHhsU6hCAHjuFp97WAYViC7ToU9s2UTEPMnD
1/5 Implementation of Proposal 197: Stake 14,400 ETH from the capital pool in Rocket Pool (rETH)Update signature of the addAsset function to match the latest implementation of the Pool.sol contractQmfKXGwcov5RXqa2osc4QYFrTN76dVjJGz7AAMuzfg4Vqh
Update Protocol Cover wording to v2.0Summary
Since the first iteration of Protocol Cover launched, both the community and Foundation and DAO teams have identified areas for revision and improvement to the existing Protocol Cover wording v1.0. Those comments have been collected and applied to the proposed Protocol Cover wording v2.0, wQmUAGrzVDvJ6J7yuFeojS8owpFUGJnnCT7fuSuhJ8UZJQP
Stake 14,400 ETH from the capital pool in Rocket Pool (rETH)Summary
Members previously signaled their support to allocate ETH from the capital pool to liquid staking with the Rocket Pool Protocol through two Snapshot signalling votes.
Snapshot signalling votes
Uisce.eth proposes that members take action to approve an allocation of 14,400 ETH from the capQmQnAG1yYbbDTuBaVSgde8Cr883b4opwXsPBfpgQeWZidQ
Stake 6624 WETH from the Nexus Mutual Enzyme vault through KilnSummary
Over the last few weeks, members have reviewed and discussed a proposal that recommends restarting the Nexus Mutual Enzyme vault and diversifying ETH across staking providers. The non-binding Snapshot signalling vote has gauged positive members’ support for the proposal and it’s now time toQmcqSXqsAMRgroGbmMV6WkrnrX1ibmPrsWyfKzA3DQmwXu
V2 bug fixes and enhancements - part 2The full changes included in this upgrade can be found in release v2.1.0 in the smart contracts repo: https://github.com/NexusMutual/smart-contracts/releases/tag/v2.1.0
Contracts to be upgraded:
SwapOperator.sol QmPzLFQcp7aFTcyEWA1NT43mWRkRrdxqh5TKXp9tnfieRZ
V2 bug fixes and enhancementsThe full changes included in this upgrade can be found in release v2.1.0 in the smart contracts repo: https://github.com/NexusMutual/smart-contracts/releases/tag/v2.1.0
Contracts to be upgraded:
Cover.sol (CO)
StakingPool.sol
StakingProducts.sol (SP)
MemberRoles.sol (MR)
SwapOperator.sol (SO)QmaY8XKcr8RCcVgkm2L5JsJLkV5wMFMWSFFyRu91mJEd5w
Deprecate Custody Cover and Yield Token CoverSummary
Given the lack of transparency and high correlation between custodians, BraveNewDeFi has proposed that Nexus Mutual members take action to deprecate (i.e., delist and no longer offer) the Custody Cover product.
BraveNewDeFi has also proposed that Nexus Mutual members should take action to QmQ5whTgSAFhNWS7t5F2B2PaK8CjyqQJvz2LFEtpiGiUqL
Upgrade contracts: SPUpdate to Staking Products contract. The fix allows us to repopulate effective weights cache on staking products and update last bumped price when staking pool managers lower the target price.QmVXWfD9JQC9NgSZsJeuqDUuff6P9RzQzEjRh81fQGgQq8
QmcGRJPEu8o4N47opUHuQE6Mj8S6ABfi4vDC1Nfv55xnRHQmYhCNjfrNTMq8eyg8i7LbBpTkMCHfix9Sv1jrPb7dYZKdQmcPdiLNZmBM8pjQcCzLhH8tjPuhphCVKZeP5P4SBiLx3hQmUTUfdfuZUjtPAiMZ4YRu77SaiyCov7jrSXTgeGeK8qt3Stakewise ETH StakingQmPmwtwbyKnXBae1dmYD6jmgnewCeZGPMFGepkWMLWaiwCLiquid Collective ETH StakingQmUKhLi5ZahnzSxsMC9YQZbwwAKGhkHcoYqHUVgE31cXLe
Upgrade contracts: GVWhenever a governance action fails, it does it silently, making wallets underestimate the required gas. This release bubbles up the reverts, allowing nodes to properly estimate the gas limit. QmUjSdqUAChigZczHJy87RMk1ppJgqdLug6fNUF2TaRwym