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v3-54-aave-v2-polygon-reserve-factor-updates.md

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Proposal 54. Reserve Factor Updates (March 13, 2024).


Voting link

https://vote.onaave.com/proposal/?proposalId=54


Governance forum discussion

https://governance.aave.com/t/arfc-reserve-factor-updates-polygon-aave-v2/13937/20


Payloads


Certora analysis


Proposal types

🔧 📊 configuration update


Context

This proposal increases the reserve factors of multiple assets on Aave-V2-Polygon by 5% up to 99% in order to encouraging users to migrate from Polygon v2 to v3.


Proposal creation

Transaction: https://etherscan.io/tx/0x1c9998f964ba0d0e6576c4b377da165bc02d0c1883ff84ba28a1c92387206c2c

- proposalId: 54
- creator: 0x57ab7ee15ce5ecacb1ab84ee42d5a9d0d8112922
- accessLevel: 1
- ipfsHash: 0x93db9bcb9bf20c545d86506c34eee6761adea4bab64bae39290f7466dbf3e56d

createProposal() parameters

{
  "payloads": [ 
    { 
      "chain": "137", 
      "accessLevel": "1", 
      "payloadsController": "0x401B5D0294E23637c18fcc38b1Bca814CDa2637C", 
      "payloadId": "43" 
    }, 
  ], 
  "votingPortal": "0x9b24C168d6A76b5459B1d47071a54962a4df36c3", 
  "ipfsHash": "0x93db9bcb9bf20c545d86506c34eee6761adea4bab64bae39290f7466dbf3e56d" 
}

Aave Seatbelt report

Proposal report

https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/proposals/54.md

Payload reports


Technical analysis

We have verified that the payload modifies the reserve factor of the following tokens to the following values:

DAI: 86%

USDC: 88%

USDT: 87%


The proposal is consistent with the description on 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.