v3-156-aave-v3-ethereum-july-funding-update-swap-to-GHO.md

Proposal 156. Aave V3 Ethereum funding of the Merit and Ahab programs swapping stablecoins in treasury to GHO.

Voting link

https://vote.onaave.com/proposal/?proposalId=156

Governance forum discussion

https://governance.aave.com/t/arfc-july-funding-update/18447

Payloads

• Ethereum - proposal payloads

Certora analysis

Proposal types

💰 🧾 asset transfer

Context

This proposal will swap assets held in the Treasury for GHO and fund Phase III of the Merit and Ahab programs.

Proposal creation

Transaction: https://etherscan.io/tx/0x40cd88631889d5c209fa6963a2e9426b11e6f0b3842b261ca5548cbe94587160

- proposalId: 156
- creator: 0x57ab7ee15ce5ecacb1ab84ee42d5a9d0d8112922
- accessLevel: 1
- ipfsHash: 0xd46124e556c224e5e9a5b4d202548931ea58f9dee5bb517929166ce0f068813c

createProposal() parameters

{
  "payloads": [ 
    { 
      "chain": "1", 
      "accessLevel": "1", 
      "payloadsController": "0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5", 
      "payloadId": "164" 
    }, 
  ], 
  "votingPortal": "0x9b24C168d6A76b5459B1d47071a54962a4df36c3", 
  "ipfsHash": "0xd46124e556c224e5e9a5b4d202548931ea58f9dee5bb517929166ce0f068813c" 
}

Aave Seatbelt report

Proposal report

https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/proposals/156.md

Payload reports

• Ethereum - https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/payloads/1/0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5/164.md

Technical analysis

We have verified the underlying and price feed addresses are correct, the swapping mechanism done properly and the amounts swapped and transfered are inline with the both Snapshot and the governance forum.

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.