v3-105-aave-v2-ethereum-chaos-labs-lt-reductions.md

Proposal 105. Chaos Labs Ethereum V2 LT Reductions.

Voting link

https://vote.onaave.com/proposal/?proposalId=105

Governance forum discussion

https://governance.aave.com/t/arfc-chaos-labs-ethereum-v2-lt-reductions-05-06-2024/17598

Payloads

• Ethereum - proposal payloads

Certora analysis

Proposal types

🔧 📊 configuration update

Context

This proposal reduces the liquidation thresholds of ZRX, LINK which are frozen assets on Aave-V2-Ethereum and in order to encourage users to migrate from v2 to v3.

Proposal creation

Transaction: https://etherscan.io/tx/0x441c941bbbf59e21701d0a6c5d36f8b6dbb9602e9a829daf4a157acb1bb5620c

- proposalId: 105
- creator: 0x57ab7ee15ce5ecacb1ab84ee42d5a9d0d8112922
- accessLevel: 1
- ipfsHash: 0x6c9644b3c657187c2d9d8632de3eaf2ab1d689f328d18d6bc83a65bed945d3d0

createProposal() parameters

{
  "payloads": [ 
    { 
      "chain": "1", 
      "accessLevel": "1", 
      "payloadsController": "0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5", 
      "payloadId": "127" 
    }, 
  ], 
  "votingPortal": "0x9b24C168d6A76b5459B1d47071a54962a4df36c3", 
  "ipfsHash": "0x6c9644b3c657187c2d9d8632de3eaf2ab1d689f328d18d6bc83a65bed945d3d0" 
}

Aave Seatbelt report

Proposal report

https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/proposals/105.md

Payload reports

• Ethereum V2 - https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/payloads/1/0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5/127.md

Technical analysis

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

• Ethereum V2:

  LINK: 65.00%

  ZRX: 0.01%

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.