# GP 17: Remove excess inventory on Optimism and Ethereum {% hint style="success" %} The proposal has been confirmed and executed by: * [a transaction on Optimism #1](https://optimistic.etherscan.io/tx/0xa3363e17e279f87e9e0d62e0d63634e16ac9c8a79f051fc872f85933c069bf10) * [a transaction on Optimism #2](https://optimistic.etherscan.io/tx/0x707314e661a9e82e62176652cc689a9b462d26f0c9474f45ca705c33f1c2c515) * [a transaction on Mainnet #1](https://etherscan.io/tx/0xd2c44000387b006d5a170042332216ad27f26b4271d7440344495e3d23c393d4) * [a transaction on Mainnet #2](https://etherscan.io/tx/0xb705c50bd6e521f750dd2a01d35e87d69f2f85ad3eb9873b38d73801df8bdaee) {% endhint %} ## Proposal objective Continued reduction of BOB inventory (see [GP 16](/bob-dao/governance/protocol-governance/gp-16-remove-excess-inventory-on-arbitrum-and-bnb-smart-chain.md)) with decreases for BOB inventory on Ethereum Mainnet and Optimism. ## Proposal Details Overall decrease of total supply after this proposal is **-20m BOB** (**35.5m** → **15.5m**)**.** ### Optimism (8m → 1m) 1. Deallocate **5,000,000 BOB (5,000,000 BOB → 0 BOB)** from BobSwap 2. Deallocate **1,000,000 BOB (2,000,000 BOB → 1,000,000 BOB)** from **BOB/USDC 0.01%** inventory position on Uniswap V3 3. Deallocate **1,000,000 BOB (1,000,000 BOB → 0 BOB)** from **BOB/USDC 0.05%** inventory position on Uniswap V3 ### Ethereum Mainnet (14m → 1m) 1. Deallocate **5,000,000 BOB (5,000,000 BOB → 0 BOB)** from BobSwap 2. Deallocate **5,000,000 BOB (6,000,000 BOB → 1,000,000 BOB)** from **BOB/USDC 0.01%** inventory position on Uniswap V3 3. Deallocate **1,000,000 BOB (1,000,000 BOB → 0 BOB)** from **BOB/USDC 0.05%** inventory position on Uniswap V3 4. Deallocate **2,000,000 BOB (2,000,000 BOB → 0 BOB)** from **BOB/USDT 0.01%** inventory position on Uniswap V3 ## Proposal breakdown ### Optimism The following transactions use `delegatecall` to the [`0x889aED5204D9FB23c758588dcc7bFdf67302e9d7`](https://optimism.blockscout.com/address/0x889aED5204D9FB23c758588dcc7bFdf67302e9d7?tab=contract) to efficiently facilitate the complex inventory management process. The first transaction [#13](https://app.safe.global/transactions/tx?safe=oeth:0x14fc6a1a996A2EB889cF86e5c8cD17323bC85290\&id=multisig_0x14fc6a1a996A2EB889cF86e5c8cD17323bC85290_0x46de9e2a6f458aced523ca5f2228da3c3bb904cb156df1d53d2de7a25c53137a) in the Safe on Optimism contains the following sequence of actions: 1. Remove and burn all excess **BOB** from BobSwap. 2. Withdraw 100% (**\~1,000,000 BOB/USDC**) of **BOB/USDC 0.05%** Uniswap V3 inventory LP with its fees. 3. Withdraw 50% (**\~1,000,000 BOB/USDC**) of **BOB/USDT 0.01%** Uniswap V3 inventory LP with its fees. 4. Burn **BOB** obtained from inventory position principal. 5. Transfer **USDC** obtained from inventory position principal to BobSwap. 6. Disable BobSwap **USDT→BOB** and **USDC→BOB** BobSwap directions by setting swap fees to 100%. 7. Set zero fees for **BOB→USDC** and **BOB→USDT** BobSwap directions. 8. Claim BobSwap fees accumulated in **USDC** and **USDT.** The second transaction [#14](https://app.safe.global/transactions/tx?safe=oeth:0x14fc6a1a996A2EB889cF86e5c8cD17323bC85290\&id=multisig_0x14fc6a1a996A2EB889cF86e5c8cD17323bC85290_0xdd2eb7c027d081e537a73366bd0da2b4c6ca09794ce4a087ebd334fc4b517b66) in the Safe on Optimism contains the following sequence of actions: 1. Remove and burn all excess **BOB** from BobSwap The second transaction is executed only once all **USDC** and **USDT** collateral from BobSwap has been redeemed following the first transaction execution. ### Ethereum Mainnet The following transactions use `delegatecall` to the [`0xF853E272893035a8C6A82616B7b442aB329D92D9`](https://eth.blockscout.com/address/0xF853E272893035a8C6A82616B7b442aB329D92D9?tab=contract) to efficiently facilitate the complex inventory management process. The first transaction [#14](https://app.safe.global/transactions/tx?safe=eth:0xd4a3D9Ca00fa1fD8833D560F9217458E61c446d8\&id=multisig_0xd4a3D9Ca00fa1fD8833D560F9217458E61c446d8_0xe63c6ba5bf639c7c4d08089e34ba042a5d4ff62836036bf2e39d001cbf0aeec1) in the Safe on Mainnet contains the following sequence of actions: 1. Remove and burn all excess **BOB** from BobSwap. 2. Withdraw 100% (**\~1,000,000 BOB/USDC**) of **BOB/USDC 0.05%** Uniswap V3 inventory LP with its fees. 3. Withdraw 83.33% (5/6) (**\~5,000,000 BOB/USDC**) of **BOB/USDC 0.01%** Uniswap V3 inventory LP with its fees. 4. Withdraw 100% (**\~2,000,000 BOB/USDC**) of **BOB/USDT 0.01%** Uniswap V3 inventory LP with its fees. 5. Burn **BOB** obtained from inventory position principal. 6. Transfer **USDC** and **USDT** obtained from inventory position principal to BobSwap. 7. Disable BobSwap **USDT→BOB,** **USDC→BOB** and **DAI→BOB** BobSwap directions by setting swap fees to 100%. 8. Set zero fees for **BOB→USDC,** **BOB→USDT** and **BOB→DAI** BobSwap directions. 9. Claim BobSwap fees accumulated in **USDC,** **USDT** and **DAI.** The second transaction [#15](https://app.safe.global/transactions/tx?safe=eth:0xd4a3D9Ca00fa1fD8833D560F9217458E61c446d8\&id=multisig_0xd4a3D9Ca00fa1fD8833D560F9217458E61c446d8_0x02210007521a89e948b0988cab39b0c8c72ecbb7f49180b58fc9fb0dbe6f66ce) in the Safe on Mainnet contains the following sequence of actions: 1. Remove and burn all excess **BOB** from BobSwap The second transaction is executed only once all **USDC, USDT** and **DAI** collateral from BobSwap has been redeemed following the first transaction execution. ## Additional verification 1. Check the code of 2. Check the code of 3. Check token transfers in Tenderly simulation: 1. [Optimism #13](https://dashboard.tenderly.co/public/safe/safe-apps/simulator/24b001d4-2502-44ea-8e56-faa8eb9fd029) 2. [Optimism #14](https://dashboard.tenderly.co/public/safe/safe-apps/simulator/c2c20a72-6365-4c51-9366-b6c66ec882bd) 3. [Mainnet #14](https://dashboard.tenderly.co/public/safe/safe-apps/simulator/555f494f-5161-4e61-8de3-664315a3ed01) 4. [Mainnet #15](https://dashboard.tenderly.co/public/safe/safe-apps/simulator/e846c71e-4d4a-460d-a839-4aa8b3474021) 4. Check the following script with safe contract execution - 1. `forge test --match-path ./script/scripts/VerifySafeTx_Gov41.t.sol --ffi -vvvv` 2. 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