207-aave-v3-polygon-caps-update.md

Proposal 207. Aave v3 Polygon - Caps update

Voting link

https://app.aave.com/governance/proposal/?proposalId=207

Governance forum discussion

https://governance.aave.com/t/gauntlet-recommendations-for-eurs-on-v3-polygon/12798

BGD analysis

Proposal types

🔧 📊 params-update

Context

This proposal updates the borrow cap of EURS on Aave v3 Polygon.

Proposal creation

Transaction: https://etherscan.io/tx/0xf2668a14ee1f9ea1be9a1aba3caf3bad40338a6a2f6e55daa2e9dcd99b0fd99a

- id: 207
- creator: 0x683a4f9915d6216f73d6df50151725036bd26c02
- executor: 0xee56e2b3d491590b5b31738cc34d5232f378a8d5
- targets: [0x158a6bc04f0828318821bae797f50b0a1299d45b]
- values: [0]
- signatures: [execute(address)]
- calldatas: [0x00000000000000000000000033deac0861fd6a9235b86172aa939e79085c6f52]
- withDelegatecalls: [true]
- startBlock: 17127012
- endBlock: 17146212
- strategy: 0xb7e383ef9b1e9189fc0f71fb30af8aa14377429e
- ipfsHash: 0x8e036cb7b5c10028564ba8d16c19e1b8bda48fa41edb904caec571908a76b1d3

Aave Seatbelt reports

Ethereum

https://github.com/bgd-labs/seatbelt-for-ghosts/blob/main/reports/Aave/0xEC568fffba86c094cf06b22134B23074DFE2252c/207.md

Polygon

https://github.com/bgd-labs/seatbelt-for-ghosts/blob/main/reports/Aave/0xEC568fffba86c094cf06b22134B23074DFE2252c/207.md

Technical analysis

We have verified the proposal uses correctly the Aave cross-chain governance system to communicate with Polygon.

From a technical perspective, we have verified the proposal payload correctly uses the new BGD's Aave Config Engine of Aave v3 Polygon, in this case, to update the following risk parameters the borrow cap of EURS from 947'000 EURS to 1'500'000 EURS

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.