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133-gauntlet-aave-engagement-2023.md

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Proposal 133. Gauntlet <> Aave engagement for 2023


Voting link

https://app.aave.com/governance/proposal/?proposalId=133


Governance forum discussion

https://governance.aave.com/t/arc-updated-gauntlet-aave-renewal/11013


BGD analysis


Proposal types

💸 funds-release

💳 funds-allowance


Context

This proposal bootstraps an engagement for services with Gauntlet for 1 year, in the context of risk parameters recommendations.

The payload initiates one payment stream of 800'000 aUSDC, another of 9'919 AAVE and an upfront payment of 600'000 aUSDC.


Proposal creation

Transaction: https://etherscan.io/tx/0x78c8b4abfccd93611db9de76e337a18cb222b4f3c1306816b8013198ad1c5bc1

- id: 133
- creator: 0x683a4f9915d6216f73d6df50151725036bd26c02
- executor: 0xee56e2b3d491590b5b31738cc34d5232f378a8d5
- targets: [0x03232b5ee80369a88620615f8328beec1884b731]
- values: [0]
- signatures: [execute()]
- calldatas: [0x]
- withDelegatecalls: [true]
- startBlock: 16229094
- endBlock: 16248294
- strategy: 0xb7e383ef9b1e9189fc0f71fb30af8aa14377429e
- ipfsHash: 0x98f5bcf905c773dbb9d5336b52f8f6aea62254c092de928fd45b1a4cef5129a7

Aave Seatbelt report

https://github.com/bgd-labs/seatbelt-for-ghosts/blob/main/reports/Aave/0xEC568fffba86c094cf06b22134B23074DFE2252c/133.md


Technical analysis

We have verified the proposal payload does the following:

  1. By interacting with the AaveEcosystemReserveController, create a transfer of 600'000 aUSDC from the Aave v2 Ethereum Collector to the address defined as Gauntlet beneficiary.
  2. By interacting with the AaveEcosystemReserveController, create a payment stream of 800'000 aUSDC from the Aave v2 Ethereum Collector to the address defined as Gauntlet beneficiary.
  3. Also by interacting with the AaveEcosystemReserveController, create a payment stream of 9'919 AAVE from the AAVE Ecosystem Reserve to the address defined as Gauntlet beneficiary.

The streams duration is 360 days long, considering 30-days months for totalling 1 year, which we consider acceptable.


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.