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v3-189-aave-v3-ethereumLido-wstETH-slope1-and-uoptimal-update.md

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Proposal 189. wstETH Slope1 & Uoptimal Update.


Voting link

https://vote.onaave.com/proposal/?proposalId=189


Governance forum discussion

https://governance.aave.com/t/arfc-lido-instance-wsteth-slope1-uoptimal-update/19069


Payloads


Certora analysis


Proposal types

🔧 📊 configuration update


Context

This proposal adjusts the Uoptimal and variable slope1 of wstETH on the ethereumLido market to 80% and 2.25% respectively in order to improve the capital efficiency of the asset on the market.


Proposal creation

Transaction: https://etherscan.io/tx/0x9af9a606cb38f3c2fad7c9cc85a446a1cc000f0ac71546bdd1d756f000c9f7f3

- proposalId: 189
- creator: 0x57ab7ee15cE5ECacB1aB84EE42D5A9d0d8112922
- accessLevel: 1
- ipfsHash: 0x3a149264a56d0860bce568f8f75e4054bf24bfcbd73dc0d663bb0662528162ca

createProposal() parameters

{
  "payloads": [
    {
      "chain": "1",
      "accessLevel": "1",
      "payloadsController": "0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5",
      "payloadId": "196"
    },
  ],
  "votingPortal": "0x9b24C168d6A76b5459B1d47071a54962a4df36c3",
  "ipfsHash": "0x3a149264a56d0860bce568f8f75e4054bf24bfcbd73dc0d663bb0662528162ca"
}

Aave Seatbelt report

Proposal report

https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/proposals/189.md

Payload reports


Technical analysis

We have verified that the payload modifies the following parameters of wstETH on the ethereumLido market:

  • Uoptimal: From: 45% To: 80%

  • variable slope1: From: 3.5% To: 2.25%


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.