v3-49-ethereum-v2-reserve-factor-adjustment.md

Proposal 49. Ethereum v2 Reserve Factor Adjustment.

Voting link

https://vote.onaave.com/proposal/?proposalId=49

Governance forum discussion

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

Payloads

• Ethereum - proposal 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/0xaedd234a46920bf0a4d97dcca9d41ce2b3eda12262b04b337404c66f89129840

- proposalId: 49
- creator: 0x57ab7ee15ce5ecacb1ab84ee42d5a9d0d8112922
- accessLevel: 1
- ipfsHash: 0xd0254523d65549ea7d020d91df2b7905a27da988ecc8263f2cf2709c2e369cc7

createProposal() parameters

{
  "payloads": [ 
    { 
      "chain": "1", 
      "accessLevel": "1", 
      "payloadsController": "0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5", 
      "payloadId": "79" 
    }, 
  ], 
  "votingPortal": "0x9b24C168d6A76b5459B1d47071a54962a4df36c3", 
  "ipfsHash": "0xd0254523d65549ea7d020d91df2b7905a27da988ecc8263f2cf2709c2e369cc7" 
}

Aave Seatbelt report

Proposal report

https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/proposals/49.md

Payload reports

• Ethereum V2 - https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/payloads/1/0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5/79.md

Technical analysis

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

TUSD: 99.99%

RAI: 99.99%

YFI: 99.99%

BAT: 99.99%

MANA: 99.99%

1INCH: 99.99%

DPI: 99.99%

UNI: 99.99%

REN: 99.99%

CVX: 99.99%

BUSD: 99.99%

xSUSHI: 99.99%

FEI: 99.99%

MKR: 99.99%

UST: 99.99%

BAL: 99.99%

SNX: 99.99%

ENS: 99.99%

AMPL: 99.99%

CRV: 99.99%

KNC: 99.99%

ZRX: 99.99%

ENJ: 99.99%

USDT: 30%

WETH: 30%

USDC: 30%

USDP: 25%

LUSD: 30%

DAI: 30%

FRAX: 35%

LINK: 35%

sUSD: 35%

WBTC: 35%

GUSD: 25%

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.