v3-247-aave-v3-multichain-slope1-decrease.md

Proposal 247. Decrease Slope1 Parameter for Stablecoins on Aave V3

Voting Link

Link to voting page

Governance Forum Discussion

Link to forum discussion

Payloads

• Ethereum Core - proposal payloads

• Ethereum Prime - proposal payloads

• Ethereum EtherFi - proposal payloads

• Polygon - proposal payloads

• Avalanche - proposal payloads

• Optimism - proposal payloads

• Arbitrum - proposal payloads

• Metis - proposal payloads

• Base - proposal payloads

• Gnosis - proposal payloads

• Scroll - proposal payloads

• BNB Smart Chain - proposal payloads

• zkSync - proposal payloads

Certora Analysis

Proposal Types

• 🔧 📊 Configuration updates

Context

In light of recent market changes, Chaos Labs recommends setting the target borrow rate for all stablecoins to 9.50%.

Proposal Creation

Transaction: 0xb39d22acc4396ca526c7997e104b8e923617786bcabff314ef4a688cbfa980e4

• proposalId: 247
• creator: 0x57ab7ee15cE5ECacB1aB84EE42D5A9d0d8112922
• accessLevel: 1
• ipfsHash: 0xb402faa8be19367e6354f3be2044145c06a997cdc1a365f30de5807f1ea17998

createProposal() Parameters

{
    payloads: [
        {
            chain: "1",
            payloads_controller: "0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5",
            payload_id: 244,
        },
        {
            chain: "137",
            payloads_controller: "0x401B5D0294E23637c18fcc38b1Bca814CDa2637C",
            payload_id: 99,
        },
        {
            chain: "43114",
            payloads_controller: "0x1140CB7CAfAcC745771C2Ea31e7B5C653c5d0B80",
            payload_id: 68,
        },
        {
            chain: "10",
            payloads_controller: "0x0E1a3Af1f9cC76A62eD31eDedca291E63632e7c4",
            payload_id: 66,
        },
        {
            chain: "42161",
            payloads_controller: "0x89644CA1bB8064760312AE4F03ea41b05dA3637C",
            payload_id: 74,
        },
        {
            chain: "1088",
            payloads_controller: "0x2233F8A66A728FBa6E1dC95570B25360D07D5524",
            payload_id: 34,
        },
        {
            chain: "8453",
            payloads_controller: "0x2DC219E716793fb4b21548C0f009Ba3Af753ab01",
            payload_id: 56,
        },
        {
            chain: "100",
            payloads_controller: "0x9A1F491B86D09fC1484b5fab10041B189B60756b",
            payload_id: 45,
        },
        {
            chain: "534352",
            payloads_controller: "0x6b6B41c0f8C223715f712BE83ceC3c37bbfDC3fE",
            payload_id: 35,
        },
        {
            chain: "56",
            payloads_controller: "0xE5EF2Dd06755A97e975f7E282f828224F2C3e627",
            payload_id: 32,
        },
        {
            chain: "324",
            payloads_controller: "0x2E79349c3F5e4751E87b966812C9E65E805996F1",
            payload_id: 13,
        },
    ],
    voting_portal: "0x9b24C168d6A76b5459B1d47071a54962a4df36c3",
    ipfs_hash: "0xb402faa8be19367e6354f3be2044145c06a997cdc1a365f30de5807f1ea17998",
    access_level: 1,
}

Aave Seatbelt Report

Proposal Report

Link to Seatbelt proposal report

Payload Reports

• Ethereum - payload Seatbelt report

• Polygon - payload Seatbelt report

• Avalanche - payload Seatbelt report

• Optimism - payload Seatbelt report

• Arbitrum - payload Seatbelt report

• Metis - payload Seatbelt report

• Base - payload Seatbelt report

• Gnosis - payload Seatbelt report

• Scroll - payload Seatbelt report

• BNB Smart Chain - payload Seatbelt report

• zkSync - payload Seatbelt report

Technical Analysis

We have verified that all parameters are configured to the specified percentages in the ipfs document—9.50% for standard stablecoins and 10.50% for bridged stablecoins. The ipfs configuration also includes additional assets (e.g., USDC.e, DAI.e, USDbC, and USD//C) that are not mentioned in the forum version. This discrepancy has been acknowledged; however, it does not affect the core recommendation, as the target percentages remain consistent across both versions.

The proposal is consistent with the description on both Snapshot and the governance forum.

Certora validations

• ✅ The code on the proposal payload corresponds to the proposal specification.
• ✅ The proposal includes a proper tests suite, checking all necessary post-conditions.
• ✅ BGD reviewed the payload before the proposal was submitted.
• ✅ Certora reviewed the procedure followed to submit the proposal.