v3-81-aave-v2-ethereum-lt-reductions.md

Proposal 81. Ethereum V2 LT Reductions.

Voting link

https://vote.onaave.com/proposal/?proposalId=81

Governance forum discussion

https://governance.aave.com/t/arfc-chaos-labs-ethereum-v2-lt-reductions-04-15-2024/17369

Payloads

• Ethereum - proposal payloads

Certora analysis

Proposal types

🔧 📊 configuration update

Context

This proposal reduces liquidation thresholds of multiple assets on Aave-V2-Ethereum as part of the v2 deprecation.

Proposal creation

Transaction: https://etherscan.io/tx/0x9dc1db64b508c3038ae129215bfcae507ca92a6cc71ac67cb598f8186da0ef08

- proposalId: 81
- creator: 0x57ab7ee15ce5ecacb1ab84ee42d5a9d0d8112922
- accessLevel: 1
- ipfsHash: 0xf76a0f5f4db1f1718f9f0bc3116895eaa92b61020af1fc5059f27ee16f390500

createProposal() parameters

{
  "payloads": [ 
    { 
      "chain": "1", 
      "accessLevel": "1", 
      "payloadsController": "0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5", 
      "payloadId": "108" 
    }, 
  ], 
  "votingPortal": "0x9b24C168d6A76b5459B1d47071a54962a4df36c3", 
  "ipfsHash": "0xf76a0f5f4db1f1718f9f0bc3116895eaa92b61020af1fc5059f27ee16f390500" 
}

Aave Seatbelt report

Proposal report

https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/proposals/81.md

Payload reports

• Ethereum V2 - https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/payloads/1/0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5/108.md

Technical analysis

We have verified that the payload reduces the liquidation thresholds of the following tokens:

CRV: 0.01%

LINK: 68%

MKR: 10%

UNI: 0.01%

ZRX: 5%

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.