Skip to content

Latest commit

 

History

History
104 lines (65 loc) · 2.95 KB

244-aave-v3-ethereum-ENS-listing.md

File metadata and controls

104 lines (65 loc) · 2.95 KB

Proposal 244. Aave v3 Ethereum - listing of ENS


Voting link

https://app.aave.com/governance/proposal/?proposalId=244


Governance forum discussion

https://governance.aave.com/t/arfc-add-ens-to-aave-v3-ethereum/13044


BGD analysis


Proposal types

💎 🆕 asset-listing

🔮 oracle-addition


Context

This proposal lists ENS on the Aave v3 Ethereum pool.


Proposal creation

Transaction: https://etherscan.io/tx/0xe39e12f9ee715b1b6908ed61519b1699d53604b3ad242d65ed1b7703b79149d8

- id: 244
- creator: 0x329c54289ff5d6b7b7dae13592c6b1eda1543ed4
- executor: 0xee56e2b3d491590b5b31738cc34d5232f378a8d5
- targets: [0x4449a4d0c1ca7c0ea218f11c8a84dd9b8e633d43]
- values: [0]
- signatures: [execute()]
- calldatas: [0x]
- withDelegatecalls: [true]
- startBlock: 17485024
- endBlock: 17504224
- strategy: 0xb7e383ef9b1e9189fc0f71fb30af8aa14377429e
- ipfsHash: 0x767918bb5dba938c3d3cfa06c068a1179352749ac3d3735d9029061a38ffbb5a

Aave Seatbelt report

https://github.com/bgd-labs/seatbelt-for-ghosts/blob/main/reports/Aave/0xEC568fffba86c094cf06b22134B23074DFE2252c/244.md


Technical analysis

The proposal payload correctly uses the BGD's Aave Config Engine of Aave v3 Ethereum, in this case, its listing features.

We have verified the payload respects the interface required by the v3 config engine and lists the ENS asset with the following configurations:

  • The asset is enabled for borrowing and the interest rate strategy is configured as follows:
    • Base variable borrow: 0%
    • Variable borrow slope 1: 9%
    • Variable borrow slope 2: 300%
    • Optimal point: 45%
  • The asset is enabled as collateral in isolation
  • LTV: 39%
  • Liquidation Threshold: 49%
  • Liquidation Bonus: 8%
  • Liquidation Protocol Fee: 10%
  • Reserve Factor: 20%
  • Supply cap: 1'000'000 ENS
  • Borrow cap: 40'000 ENS
  • Debt ceiling 3'900'000 USD
  • No eMode category
  • Flashlonable
  • Not enabled for borrowing on isolation

The oracle used is the Chainlink ENS/USD feed


BGD 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.

✅ Only one payload used via delegatecall

✅ BGD reviewed the procedure followed to submit the proposal.