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v3-57-ethereum-v2-reserve-factor-adjustment.md

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Proposal 57. Ethereum v2 Reserve Factor Adjustment.


Voting link

https://vote.onaave.com/proposal/?proposalId=57


Governance forum discussion

https://governance.aave.com/t/arfc-ethereum-v2-reserve-factor-adjustment/16764/3


Payloads


Certora analysis


Proposal types

🔧 📊 configuration update


Context

This proposal increases the reserve factors of multiple assets on Aave-V2-Ethereum by 5% up to 99.99% in order to encouraging users to migrate from Ethereum v2 to v3.


Proposal creation

Transaction: https://etherscan.io/tx/0x6a0daf39d74206e35f7a6a002756a78d1ede5575306a29332eb7330907b7e2c9

- proposalId: 57
- creator: 0x57ab7ee15ce5ecacb1ab84ee42d5a9d0d8112922
- accessLevel: 1
- ipfsHash: 0x2fce141813b52ab4fc26fe0bc35cc4d219acd0985582aa993813b66515b7ae16

createProposal() parameters

{
  "payloads": [ 
    { 
      "chain": "1", 
      "accessLevel": "1", 
      "payloadsController": "0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5", 
      "payloadId": "86" 
    }, 
  ], 
  "votingPortal": "0x9b24C168d6A76b5459B1d47071a54962a4df36c3", 
  "ipfsHash": "0x2fce141813b52ab4fc26fe0bc35cc4d219acd0985582aa993813b66515b7ae16" 
}

Aave Seatbelt report

Proposal report

https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/proposals/57.md

Payload reports


Technical analysis

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

DAI: 35.00%

FRAX: 40.00%

GUSD: 30.00%

LINK: 40.00%

LUSD: 35.00%

sUSD: 40.00%

USDC: 35.00%

USDP: 30.00%

USDT: 35.00%

WBTC: 40.00%

WETH: 35.00%


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.