305-aave-v2-ethereum-crv-risk-params-update.md

Proposal 305. Aave v2 Ethereum - CRV risk parameters update

Voting link

https://app.aave.com/governance/proposal/?proposalId=305

Governance forum discussion

https://governance.aave.com/t/arfc-crv-aave-v2-ethereum-lt-reduction-08-21-2023/14589

BGD analysis

Proposal types

🔧 📊 params-update

Context

This proposal reduces the Liquidation Threshold (LT) of CRV by 2% on Aave v2 Ethereum.

Proposal creation

Transaction: https://etherscan.io/tx/0x0f2e228106295df9bfc9420aa824e183a441c6a25a6bb771e22e6012326b006d

- id: 305
- creator: 0x329c54289ff5d6b7b7dae13592c6b1eda1543ed4
- executor: 0xee56e2b3d491590b5b31738cc34d5232f378a8d5
- targets: [0x3ed5ca03cbd02a47f3193717f1de723bb69f48fa]
- values: [0]
- signatures: [execute()]
- calldatas: [0x]
- withDelegatecalls: [true]
- startBlock: 17986627
- endBlock: 18005827
- strategy: 0xb7e383ef9b1e9189fc0f71fb30af8aa14377429e
- ipfsHash: 0x26d4b0230da0fde5fde20251a9d2a7dc2e20b26d1549a296e165fdc0bcca4489

Aave Seatbelt report

Ethereum

https://github.com/bgd-labs/seatbelt-for-ghosts/blob/main/reports/Aave/0xEC568fffba86c094cf06b22134B23074DFE2252c/305.md

Technical analysis

We have verified the proposal payload properly reduces the LT of CRV to 47% (from 49%) on Aave v2 Ethereum, by interacting with the Pool Configurator contract.

The proposal is consistent with the discussions on the Aave governance forum.

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.