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v3-30-aave-v2-polygon-reserve-factor-updates.md

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Proposal 30. Reserve Factor Updates (February 15, 2024).


Voting link

https://vote.onaave.com/proposal/?proposalId=30


Governance forum discussion

https://governance.aave.com/t/arfc-reserve-factor-updates-polygon-aave-v2/13937/17


Payloads


Certora analysis


Proposal types

🔧 📊 configuration update


Context

This proposal increases the reserve factors of multiple assets on Aave-V2-Polygon by 5% up to 99% in order to encouraging users to migrate from Polygon v2 to v3.


Proposal creation

Transaction: https://etherscan.io/tx/0xd7254af55a4a6761886a9e36128925d7a4ea633d956b8aef54707dc4af65dc8c

- proposalId: 30
- creator: 0x57ab7ee15ce5ecacb1ab84ee42d5a9d0d8112922
- accessLevel: 1
- ipfsHash: 0x88e32b5864330954e2f464205f8103f1b4e4f263165339b78820ce5031524201

createProposal() parameters

{
  "payloads": [
    {
      "chain": "137",
      "accessLevel": 1,
      "payloadsController": "0x401B5D0294E23637c18fcc38b1Bca814CDa2637C",
      "payloadId": "36"
    },
  ],
  "votingPortal": "0x9b24C168d6A76b5459B1d47071a54962a4df36c3",
  "ipfsHash": "0x88e32b5864330954e2f464205f8103f1b4e4f263165339b78820ce5031524201"
}

Aave Seatbelt report

Proposal report

https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/proposals/30.md

Payload reports


Technical analysis

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

DAI: 76%

USDC: 78%

USDT: 77%

wETH: 99.99%

MATIC: 96%


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.