284-aave-v2-polygon-rf-updates.md

Proposal 284. Aave v2 Polygon - Reserve Factor (RF) updates

Voting link

https://app.aave.com/governance/proposal/?proposalId=284

Governance forum discussion

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

BGD analysis

Proposal types

🔧 📊 params-update

Context

This proposal adjusts multiple Reserve Factor parameters on Aave v2 Polygon.

Proposal creation

Transaction: https://etherscan.io/tx/0x8b0481d977dc20d725a3e19fe62eca5632675c6239b6ef680aa50f619dd525c0

- id: 284
- creator: 0x55b16934c3661e1990939bc57322554d9b09f262
- executor: 0xee56e2b3d491590b5b31738cc34d5232f378a8d5
- targets: [0x158a6bc04f0828318821bae797f50b0a1299d45b]
- values: [0]
- signatures: [execute(address)]
- calldatas: [0x000000000000000000000000812ddad273544754d0672a009c27550899e658aa]
- withDelegatecalls: [true]
- startBlock: 17821344
- endBlock: 17840544
- strategy: 0xb7e383ef9b1e9189fc0f71fb30af8aa14377429e
- ipfsHash: 0x2e8b4f2a95fd6501e53f0e949f585c33f8a6c7dd884761edceed98ed043b869a

Aave Seatbelt report

Ethereum

https://github.com/bgd-labs/seatbelt-for-ghosts/blob/main/reports/Aave/0xEC568fffba86c094cf06b22134B23074DFE2252c/284.md

Polygon

https://github.com/bgd-labs/seatbelt-for-ghosts/blob/main/reports/Aave/0xEC568fffba86c094cf06b22134B23074DFE2252c/284_Polygon_pending_0.md

Technical analysis

We have verified the proposal payload does the following changes of Reserve Factors on Aave v2 Polygon, by interacting with its PoolConfigurator smart contract:

WMATIC: 41% -> 46%

CRV: 38% -> 99%

WBTC: 55% -> 60%

USDC: 23% -> 28%

GHST: 60% -> 99%

LINK: 50% -> 99%

WETH: 45% -> 50%

DAI: 21% -> 26%

BAL: 32% -> 37%

USDT: 22% -> 27%

BGD 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.

✅ Only one payload used via delegatecall

✅ BGD reviewed the procedure followed to submit the proposal.