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v3-59-bgdLabs-Phase-3.md

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Proposal 59. Aave BGD Phase 3.


Voting link

https://vote.onaave.com/proposal/?proposalId=59


Governance forum discussion

https://governance.aave.com/t/aave-bored-ghosts-developing-phase-3/16893


Payloads


Certora analysis


Proposal types

💰 🧾 asset transfer


Context

This proposal offers the DAO a new engagement with BGD Labs for further maintenance of the Aave protocol as well as new development.


Proposal creation

Transaction: https://etherscan.io/tx/0xbb4e90afac0b7b6749793f22817abb2325414c3c08e13f89d091a6e9876571cc

- proposalId: 59
- creator: 0xf71fc92e2949ccf6a5fd369a0b402ba80bc61e02
- accessLevel: 1
- ipfsHash: 0xa90b3bf86207fa4b298c36eb83cc9b617ec9308a0663eda73605f09319a5bc2b

createProposal() parameters

{
  "payloads": [ 
    { 
      "chain": "1", 
      "accessLevel": "1", 
      "payloadsController": "0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5", 
      "payloadId": "87" 
    }, 
  ], 
  "votingPortal": "0x9b24C168d6A76b5459B1d47071a54962a4df36c3", 
  "ipfsHash": "0xa90b3bf86207fa4b298c36eb83cc9b617ec9308a0663eda73605f09319a5bc2b" 
}

Aave Seatbelt report

Proposal report

https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/proposals/59.md

Payload reports


Technical analysis

We have verified that the following payments were made to the address provided by BGD.

Direct transfer from the collector to BGD Lab's wallet:

  • 6,000 AAVE from the ecosystem reserve controller.
  • 960,000 aUSDT from the Aave V2 collector.
  • 760,000 aUSDC from the Aave V3 collector.

Streams to the benefit of BGD Lab:

  • 2,000 AAVE for scope 1 streamed over a period of 180 days, starting at execution.
  • 640,000 GHO for scope 1 streamed over a period of 180 days, starting at execution.
  • 4,500 AAVE for scope 2 streamed over a period of 1 second, starting exactly 120 days from execution.
  • 1,140,000 Aave V3 aUSDC for scope 2 streamed over a period of 1 second, starting exactly 120 days from execution.

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.