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v3-255-aave-v3-multichain-update-AAVE-parameters.md

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Proposal 255. Update AAVE Token LTV/Liquidation Percentages

Voting Link

Link to voting page

Governance Forum Discussion

Link to forum discussion

Payloads

Certora Analysis

Proposal Types

  • 🔧 📊 Configuration updates

Context

Following recent meaningful growth in liquidity and market cap of AAVE token, the risk parameters of the token as collateral are adjusted to values of asset with similar risk profile.

Proposal Creation

Transaction: 0xebf2b1816a5ad7477d7e5bb4e0db579b3c9634238179bcca16709d074c381af4

  • proposalId: 255
  • creator: 0x57ab7ee15cE5ECacB1aB84EE42D5A9d0d8112922
  • accessLevel: 1
  • ipfsHash: 0x3ad0eab265e54bfe5a6b27fcffc917a948886394c88033c06bcb77e737accc3d

createProposal() Parameters

{
    payloads: [
        {
            chain: "1",
            payloads_controller: "0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5",
            payload_id: 250,
        },
        {
            chain: "42161",
            payloads_controller: "0x89644CA1bB8064760312AE4F03ea41b05dA3637C",
            payload_id: 76,
        },
    ],
    voting_portal: "0x9b24C168d6A76b5459B1d47071a54962a4df36c3",
    ipfs_hash: "0x3ad0eab265e54bfe5a6b27fcffc917a948886394c88033c06bcb77e737accc3d",
    access_level: 1,
}

Aave Seatbelt Report

Proposal Report

Link to Seatbelt proposal report

Payload Reports

Technical Analysis

We verified that the proposal adjust only the AAVE token collateralization parameters, and solely on Ethereum and Arbitrum. The values were adjusted exactly to the values specified in the proposal description.

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.