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Whitelist 0x4958 Safe Multisig User on FiRM

Executed
#229 - mills ERA

Created Nov 6th, 2024 - Executed Nov 11th, 2024

Details

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Deployer

Whitelist Safe Multisig User on FiRM

Forum post: https://forum.inverse.finance/t/whitelist-0x4958-multisig-user-on-firm/494

Summary:

This proposal seeks to whitelist the following multisig address to use on FiRM: 0x495886947EAce9788360F46be55c758f92Ecd074

Background:

As a precaution against flash loan attacks, FiRM only allows whitelisted contract interactions. This allows regular user wallets to interact while it at the same time limits any automated attacks, forcing any attacker to be extremely well-capitalized. Flashloan attacks require contract interactions and are therefore impossible. This prevents single-transaction attacks like the one Euler suffered, but also makes it more of a hassle for other protocols to integrate with FiRM, as they will need to contact us for a whitelisting. We consider this a worthy trade-off.

Objective: an individual known to Inverse contributors has expressed an interest in borrowing DOLA on FiRM via their Safe mutlisig wallet. This wallet has already bought significant DBR in anticipation of building debt positions. Therefore, this proposal seeks to add the Multisig address to the FiRM borrowController’s contract whitelist

On-Chain Actions:

  • Set 0x495886947EAce9788360F46be55c758f92Ecd074 as an allowed contract on the FiRM borrowController

Actions

Action 1
FiRMBorrowController
.allow(
0x4958...d074

)

Proof of Reviews

Members allowed to make Drafts can sign the fact that they reviewed the Draft Proposal

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1 voters

20.59k votes

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CryptoHarry

20.59k

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