Proposal for disable RDOC minting in order to temporary and safely unpause the protocol

MOC Improvement Proposals
1

:mega: Proposal for disable RDOC minting in order to temporary and safely unpause the protocol

Currently the Rif on Chain protocol is paused to avoid problems caused by the price manipulation attack on Binance that the RIF token is being subjected to.

To safely unpause the protocol, it must be ensured that the price manipulation attack on Binance cannot be exploited in the protocol.

Disable RDOC minting is the fastest way to guarantee that price manipulation can’t be exploited in the protocol.
This would be a temporary solution that allows development of the definitive one.

In order to safely unpause the protocol as soon as possible, the proposal is to disable RDOC mining.

:warning: Warning: some technical/coding knowledge is necessary to fully understand this document.

To achieve this, the simplest and least invasive way to modify the protocol to disable RDOC minting is to disable the function in contract in charge of minting RDOC.

We propose to do this by overriding the function with one that is meant to always fail using a hard-coded revert statement.

And we’ll do it this way instead of just removing the function to prevent third-party integrations that may not have been aware of this change, ending up using the fallback function with unexpected results.

The change is simple and only affects the Moc.sol contract in Rif on Chain implementation.

snippet code
snippet code1814×834 111 KB

:heavy_check_mark: This is the pull request to add these changes to the repository.

:heavy_check_mark: The new implementation of the Moc.sol contract that is already deployed in mainet would be this 0x62F9Bd2F7094Dd923e268ec7a9b6297D0Cc1f92E

:heavy_check_mark: The change contract to make the implementation change that is also already deployed in mainet would be this 0x412153eafDc0aAaf0C8135a1a748F8859A29C622

:heavy_check_mark: This is the change contract that will be submitted to a vote.

:heavy_check_mark: The current implementation of the Moc.sol contract in mainet is 0xbe903D6E77aE2da5c9Fb7F6518211495F67D30bD

:heavy_check_mark: The Moc.sol proxy contract in mainet is 0xCfF3fcaeC2352C672C38d77cb1a064B7D50ce7e1

:heavy_check_mark: The upgrade delegator in mainet is 0x5cE577f6Ec969CE9a282838D350206C52A6F338C

3 Likes
2

:mega: Call to MOC holders: This proposal is being voted on. How to vote Tutorial.

:mega: Llamado a los MOC holders: Esta propuesta se está votando. Tutorial de cómo votar.

3

:mega: The voting process is over:

  • 23.95 of the MOC tokens total supply participated in the vote.
  • 100% of the participants voted in favor.
  • No one voted against the proposal.
  • The change was successfully implemented.