Summary

The following is a proposal to formally endorse the new INV price feed oracle where possible/applicable. This proposal will also include re-enabling the use of xINV as collateral on Frontier.

This new solution is over a month in the making and has been a collaborative effort between several members of the DAO. The contract has thoroughly researched, scrutinized, and battle tested. At this stage, the authors are comfortable with moving this forward for DAO voting.

The new INV oracle feature a lag time to observations, making them harder to immediately manipulate, while introducing a dynamic price ceiling that makes it impossible to increase the price beyond a reasonable threshold.

On-Chain Actions

• Update INV Oracle

• Assign the Oracle Guardian role to the Policy Committee Multisig

• unpause xINV market's use as collateral