ESM Threshold Setter

Setter that periodically recomputes the threshold in the ESM

1. Summary
The ESMThresholdSetter is meant to recompute the threshold of protocol tokens needed to burn and trigger settlement through the ESM.
2. Contract Variables & Functions
Variables
authorizedAccounts[usr: address] - addresses allowed to call modifyParameters() and disableContract().
minAmountToBurn - the minimum amount of protocol tokens that must be burned to trigger settlement using the ESM
supplyPercentageToBurn - the percentage of outstanding protocol tokens to burn in order to trigger settlement using the ESM
protocolToken - The address of the protocol token
esm - the address of the ESM contract
Functions
modifyParameters - modify contract parameters
recomputeThreshold - calculate and set a new protocol token threshold in the ESM
Modifiers
isAuthorized - checks whether an address is part of authorizedAddresses (and thus can call authed functions).
Events
AddAuthorization - emitted when a new address becomes authorized. Contains:
account - the new authorized account
RemoveAuthorization - emitted when an address is de-authorized. Contains:
account - the address that was de-authorized
ModifyParameters - emitted when a parameter is updated.
3. Walkthrough
recomputeThreshold can be called any time in order to recompute the threshold inside the esm. The computed threshold must be higher than or equal to minAmountToBurn and it should be a specific percentage of the outstanding supply of protocol tokens.

Single Spot Debt Ceiling Setter

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Governance Module

Last modified 1yr ago