RUN-Protocol Planning Epic

[Chris-Hibbert]

Tasks for RUN Protocol (Treasury) ((StablecoinMachine))

CLEANUPS

• Add vault state LIQUIDATING (Explicit user-facing states for Vaults #3712)
• Get rid of liquidationSeat. (Treasury: merge liquidationSeat into vaultSeat #3773)
  • Proceeds can be added to the vaultSeat on liquidation
• Split AMM startup out of Treasury (Make the Treasury more independent of the AMM it uses #3019)
• Accounting for currency flows in Treasury & AMM (Run protocol accounting for contract-dependent values #3792, Treasury: planning for withdrawals from AMM pools #2851)
• Add a Pool to hold the ProtocolFee and distribute it appropriate (Treasury: planning for withdrawals from AMM pools #2851)
• vault.updateUIState() should take new state as param (Treasury: vault updateUIState() should take the new state as a parameter #3772)
• Clean up addition of collateral (Treasury: clean up new collateral addition #2877)
• Clean up after initialMargin dropped from VaultFactory (Clean up after initialMargin dropped from VaultFactory #4176)

ConstantProduct update (#3791)

• Remove newSwap ((After ConstantProduct AMM is approved) remove newSwap #3860)
• Upgrade from multipoolAutoswap to constantProduct AMM ((After ConstantProduct AMM) upgrade from MultipoolAutoswap #3861)
• Add governance to constantProductAMM ((After ConstantProduct AMM) add ParamGovernance to ConstantProduct AMM #3862)
• Collect fees from AMM (Collect fees from AMM #4032)

New Features

• Enable Governance to add new collateral type (Enable Governance to add Collateral type to Treasury #3924)
• make vaults transferrable (make Treasury Vaults transferrable #3864)
  • owner can request that the vault seat be wrapped in an invitation
• Governance-controllable RUN debt-limit per collateral type (Governance-controllable RUN debt-limit per collateral type in Vault Factory & getRUN contract #3501)
• Interest rate changes should affect existing vaults (Interest rate changes should affect existing vaults #4182)
• VaultFactory should start a vat per collateral type (VaultFactory should start a vat per collateral type #4184)
• Vault periods for charging interest and recording should be static (Vault periods should be static #4185)

GOVERNANCE

• Next internal demo: AddCollateralType to the Treasury via governance (add collateral to AMM under governance (internal demo) #3913)

• ContractGovernance for Treasury (Manage treasury 3189 #3310, in review, Update Treasury to use Contract Governance to manage parameters #3473)

• make Choice of vaultContract pluggable (Vault Factory: make choice of vault contract pluggable #3774)

• Add governance functionality for adding new collateral types (Governance facet for the allowed assets in the Treasury #3502)

• Add governance functionality for changing liquidation contract (Enable Governance to change Liquidation contract in Vaults #3865)

• Create governance framework for electing a board (Create Governance framework for electing a board #3866)

  • Visible candidates
  • Top-N candidates win seats
  • New registrar is visible and usable
  • Nomination mechanism
  • Stated duration terms with a possible referendum to hold new elections
  • Ranked choices, single transferable vote

• Add multi-layer param governance (Add multi-layer parameter governance #3868)

  • permitted param range is subject to change by super-majority

SECURITY

• Write up security claims about VaultFactory (Write up security claims about VaultFactory #4186)

[Chris-Hibbert]

There is some duplication with this Treasury Running Task List.

[dckc]

Is connecting the AMM to something that will extract the fees represented by an issue in this epic? Any existing issue? Or should I/we make a new one?

agoric-sdk/packages/zoe/src/contracts/vpool-xyk-amm/multipoolMarketMaker.js

Lines 132 to 134 in 43b8eff

	// For now, this seat collects protocol fees. It needs to be connected to
	// something that will extract the fees.
	const { zcfSeat: protocolSeat } = zcf.makeEmptySeatKit();

[Chris-Hibbert]

Good idea. I added an issue: #4032 and listed it up above, though it's not very specific yet.

[turadg]

Closing as this epic has served its purpose.