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v3-41-aave-v2-polygon-reserve-factor-updates.md

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Proposal 41. Reserve Factor Updates (February 29, 2024)


Voting link

https://vote.onaave.com/proposal/?proposalId=41


Governance forum discussion

https://governance.aave.com/t/arfc-reserve-factor-updates-polygon-aave-v2/13937/17


Payloads


Certora analysis


Proposal types

🔧 📊 configuration update


Context

This proposal increases the reserve factors of multiple assets on Aave-V2-Polygon by 5% up to 99% in order to encouraging users to migrate from Polygon v2 to v3.


Proposal creation

Transaction: https://etherscan.io/tx/0x2055872699665c1d35c8dcbc251a0747f4bf1ebde05f331dce5f201a992d0ea9

- proposalId: 41
- creator: 0x57ab7ee15ce5ecacb1ab84ee42d5a9d0d8112922
- accessLevel: 1
- ipfsHash: 0x65de3c96f0d171e2fa490c180d4aee2a7c057bd9a2e70f7549cdd201efdac409

createProposal() parameters

{
  "payloads": [ 
    { 
      "chain": "137", 
      "accessLevel": "1", 
      "payloadsController": "0x401B5D0294E23637c18fcc38b1Bca814CDa2637C", 
      "payloadId": "39" 
    }, 
  ], 
  "votingPortal": "0x9b24C168d6A76b5459B1d47071a54962a4df36c3", 
  "ipfsHash": "0x65de3c96f0d171e2fa490c180d4aee2a7c057bd9a2e70f7549cdd201efdac409" 
}

Aave Seatbelt report

Proposal report

https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/proposals/41.md

Payload reports


Technical analysis

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

DAI: 81%

USDC: 83%

USDT: 82%

MATIC: 99.99%


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.