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v3-110-aave-v3-base-weETH-onboarding.md

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Proposal 110. weETH Onboarding On Base.


Voting link

https://vote.onaave.com/proposal/?proposalId=110


Governance forum discussion

https://governance.aave.com/t/arfc-onboarding-of-weeth-to-aave-v3-on-base/17691


Payloads


Certora analysis


Proposal types

💎 🆕 asset-listing


Context

This proposal onboards weETH on Base V3 in order to improve the diversity of assets on Aave and bolster liquidity within the ecosystem.


Proposal creation

Transaction: https://etherscan.io/tx/0x9d80241238a3c64b367a9d6363514aa84b977fd93196ccb42fa42070844652d9

- proposalId: 110
- creator: 0x57ab7ee15ce5ecacb1ab84ee42d5a9d0d8112922
- accessLevel: 1
- ipfsHash: 0x54d65f6ae8620fe173a28130e99d96315d574c380f84b37665dbc9f69232fae1

createProposal() parameters

{
  "payloads": [ 
    { 
      "chain": "8453", 
      "accessLevel": "1", 
      "payloadsController": "0x2DC219E716793fb4b21548C0f009Ba3Af753ab01", 
      "payloadId": "20" 
    }, 
  ], 
  "votingPortal": "0x9b24C168d6A76b5459B1d47071a54962a4df36c3", 
  "ipfsHash": "0x54d65f6ae8620fe173a28130e99d96315d574c380f84b37665dbc9f69232fae1" 
}

Aave Seatbelt report

Proposal report

https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/proposals/110.md

Payload reports


Technical analysis

We have verified that the payload onboards weETH on Base V3 with the following parameters:

Isolation Mode - False

Borrowable - Enabled

Collateral Enabled - True

Supply Cap - 150

Borrow Cap - 30

Debt Ceiling - 0

LTV - 72.5%

LT - 75%

Liquidation Bonus - 7.5%

Liquidation Protocol Fee - 10%

Reserve Factor - 45%

Base Variable Borrow Rate - 0%

Variable Slope 1 - 7%

Variable Slope 2 - 300%

Uoptimal - 35%

Stable Borrowing - Disabled

Stable Slope1 - 7%

Stable Slope2 - 300%

Base Stable Rate Offset - 0%

Stable Rate Excess Offset - 0%

Optimal Stable To Total Debt Ratio - 0%

Flashloanable - Enabled

Siloed Borrowing - Disabled

Borrowable in Isolation - Disabled

Oracle - 0xFc4d1d7a8FD1E6719e361e16044b460737F12C44

eMode Category - ETH_CORRELATED


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.