Gauntlet recommendation to set MAI/MIMATIC isolated debt ceiling to 0 for Arbitrum, Avalanche, Polygon, Optimism v3

Summary

The AIP to freeze MAI/MIMATIC and set LTV -> 0 has been executed. This will prevent additional borrow and supply of MAI/MIMATIC, and additional borrow against MAI collateral outside of emode.

Given community preference for more caution, Gauntlet also recommends setting isolated debt ceilings to 0 for MAI/MIMATIC. This will further strengthen protection against potentially risky borrowing against MAI collateral.

Gauntlet is exploring ways to move MAI/MIMATIC out of emode for Avalanche and Polygon v3.

Specification

Implementation

The proposal implements changes on Arbitrum, Optimism, Polygon, Avalanche v3 using the following pre-deployed payloads:

• Arbitrum: 0x32f3A6134590fc2d9440663d35a2F0a6265F04c4
• Optimism: 0x0568a3aeb8E78262dEFf75ee68fAC20ae35ffA91
• Polygon: 0xf7C3350757DE224bdB2b77A3943C8667aCEE3d37

Changes on Avalanche can be implemented using the pre-deployed steward located at 0x0cb2535d00cddfae5ed1aff2e5a0239fc947d17d

Disclaimer

Gauntlet has not received any compensation from any third-party in exchange for recommending any of the actions contained in this proposal.

Copyright

Copyright and related rights waived via CC0.

By approving this proposal, you agree that any services provided by Gauntlet shall be governed by the terms of service available at gauntlet.network/tos.