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Introduction to GEB
Currently Deployed Systems
Community Resources
FLX Mechanics
FAQ
RAI
RAI Use-Cases
Multi-chain RAI
RAI Integrations
The Money God League
Intro to The League
Ungovernance
Governance Minimization Guide
Risk
GEB Risks
PID Failure Modes & Responses
Incentives
RAI Uniswap V2 Mint + LP Incentives Program
RAI Uniswap V3 Mint + LP Incentives Program
FLX Staking
Contract Variables Translation
Core Contracts Naming Transition
Governance Contracts Naming Transition
SAFE Management Contract Naming Transition
System Contracts
Core Module
Auction Module
Oracle Module
Token Module
Money Market Module
Sustainability Module
Automation Module
Collateral Auction Throttler
Single Spot Debt Ceiling Setter
ESM Threshold Setter
Governance Module
Shutdown Module
Proxy Infrastructure
DSProxy
Proxy Registry
Helper Contracts
SAFE Manager
GEB.js
Getting Started
Global Settlement Guide
API Reference
APIs
API Endpoints
Pyflex
Getting Started
SAFE Management
Numerics
Keepers
Keeper Overview
Collateral Auction Keeper
Debt Auction Keeper
Surplus Auction Keeper
Bidding Models
Liquidation Protection
SAFE Protection
Liquidation Protection Guide
Uni-V2 RAI/ETH Savior Math
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Automation Module
A set of contracts in charge with automating a GEB
Relevant smart contracts:

1. Overview

The Automation Module is a set of contracts that automate parameter setting in a GEB deployment. They are meant to ease the burden of managing a system and allow the community to focus their efforts on other areas.

2. Component Descriptions

  • CollateralAuctionThrottler - this contract bounds the amount of bad debt that's waiting to be covered by collateral auctions at any given time
  • SingleSpotDebtCeilingSetter - this contract recomputes the debt ceiling for a specific collateral type by looking at the current globalDebt in the SAFEEngine
  • ESMThresholdSSetter - this contract recomputes the threshold needed to burn and trigger settlement using the ESM

3. Risks

Smart Contract Bugs

  • A bug in the CollateralAuctionThrottler could prevent the LiquidationEngine from liquidating any SAFE by setting onAuctionSystemCoinLimit to an extremely low value
  • A bug in the SingleSpotDebtCeilingSetter could set an extremely low ceiling or it could block any further ceiling updates and thus not allow the system to issue more system coins
  • A bug in the ESMThresholdSetter could set the ESM threshold to an extremely low value which would make shutdown extremely easy to execute or to a very high value which would make shutdown almost impossible to execute

Misconfiguration

  • Governance can misconfigure the throttler and make it compute extremely low values for theonAuctionSystemCoinLimit
  • Governance can also misconfigure the SingleSpotDebtCeilingSetter to the point where it stops calculating new ceilings (by setting a large delay between recalculations) or it can calculate large or low ceilings (compared to the current amount of debt in the system)
  • ESMThresholdSetter can be misconfigured and it can set extremely high or extremely low thresholds in the ESM

4. Governance Minimization

All the automation contracts are part of Level 2 governance minimization.
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Contents
1. Overview
2. Component Descriptions
3. Risks
Smart Contract Bugs
Misconfiguration
4. Governance Minimization