v3-121-aave-v3-multichain-optimize-ETH-correlated-asset-parameters.md

Proposal 121. Optimize ETH-correlated asset parameters.

Voting link

https://vote.onaave.com/proposal/?proposalId=121

Governance forum discussion

https://governance.aave.com/t/arfc-optimize-eth-correlated-asset-parameters/17886

Payloads

• Ethereum - proposal payloads

• Polygon - proposal payloads

• Avalanche - proposal payloads

• Optimism - proposal payloads

• Arbitrum - proposal payloads

• Metis - proposal payloads

• Base - proposal payloads

• Gnosis - proposal payloads

• Scroll - proposal payloads

• BNB - proposal payloads

Certora analysis

Proposal types

🔧 📊 configuration update

Context

This proposal updates parameters on ETH-correlated assets and coordinate caps management to improve Aave efficiency.

Proposal creation

Transaction: https://etherscan.io/tx/0x581f133ca4c7dd9085d5318beb570363b9bf083fbca355099a5fcaf4f2d803d2

- proposalId: 121
- creator: 0x57ab7ee15ce5ecacb1ab84ee42d5a9d0d8112922
- accessLevel: 1
- ipfsHash: 0xfdc35cc906ad3f5d5f2a051167e87d95abd104a7f30bf5910b5adb23f84e4df2

createProposal() parameters

{
  "payloads": [ 
    { 
      "chain": "1", 
      "accessLevel": "1", 
      "payloadsController": "0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5", 
      "payloadId": "138" 
    }, 
    { 
      "chain": "137", 
      "accessLevel": "1", 
      "payloadsController": "0x401B5D0294E23637c18fcc38b1Bca814CDa2637C", 
      "payloadId": "68" 
    }, 
    { 
      "chain": "43114", 
      "accessLevel": "1", 
      "payloadsController": "0x1140CB7CAfAcC745771C2Ea31e7B5C653c5d0B80", 
      "payloadId": "38" 
    }, 
    { 
      "chain": "10", 
      "accessLevel": "1", 
      "payloadsController": "0x0E1a3Af1f9cC76A62eD31eDedca291E63632e7c4", 
      "payloadId": "35" 
    }, 
    { 
      "chain": "42161", 
      "accessLevel": "1", 
      "payloadsController": "0x89644CA1bB8064760312AE4F03ea41b05dA3637C", 
      "payloadId": "33" 
    }, 
    { 
      "chain": "1088", 
      "accessLevel": "1", 
      "payloadsController": "0x2233F8A66A728FBa6E1dC95570B25360D07D5524", 
      "payloadId": "18" 
    }, 
    { 
      "chain": "8453", 
      "accessLevel": "1", 
      "payloadsController": "0x2DC219E716793fb4b21548C0f009Ba3Af753ab01", 
      "payloadId": "21" 
    }, 
    { 
      "chain": "100", 
      "accessLevel": "1", 
      "payloadsController": "0x9A1F491B86D09fC1484b5fab10041B189B60756b", 
      "payloadId": "21" 
    }, 
    { 
      "chain": "534352", 
      "accessLevel": "1", 
      "payloadsController": "0x6b6B41c0f8C223715f712BE83ceC3c37bbfDC3fE", 
      "payloadId": "13" 
    }, 
    { 
      "chain": "56", 
      "accessLevel": "1", 
      "payloadsController": "0xE5EF2Dd06755A97e975f7E282f828224F2C3e627", 
      "payloadId": "15" 
    }, 
  ], 
  "votingPortal": "0x9b24C168d6A76b5459B1d47071a54962a4df36c3", 
  "ipfsHash": "0xfdc35cc906ad3f5d5f2a051167e87d95abd104a7f30bf5910b5adb23f84e4df2" 
}

Aave Seatbelt report

Proposal report

https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/proposals/121.md

Payload reports

• Ethereum V3 - https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/payloads/1/0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5/138.md

• Polygon V3 - https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/payloads/137/0x401B5D0294E23637c18fcc38b1Bca814CDa2637C/68.md

• Avalanche V3 - https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/payloads/43114/0x1140CB7CAfAcC745771C2Ea31e7B5C653c5d0B80/38.md

• Optimism V3 - https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/payloads/10/0x0E1a3Af1f9cC76A62eD31eDedca291E63632e7c4/35.md

• Arbitrum V3 - https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/payloads/42161/0x89644CA1bB8064760312AE4F03ea41b05dA3637C/33.md

• Metis V3 - https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/payloads/1088/0x2233F8A66A728FBa6E1dC95570B25360D07D5524/18_forge.md

• Base V3 - https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/payloads/8453/0x2DC219E716793fb4b21548C0f009Ba3Af753ab01/21.md

• Gnosis V3 - https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/payloads/100/0x9A1F491B86D09fC1484b5fab10041B189B60756b/21.md

• Scroll V3 - https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/payloads/534352/0x6b6B41c0f8C223715f712BE83ceC3c37bbfDC3fE/13_forge.md

• BNB V3 - https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/payloads/56/0xE5EF2Dd06755A97e975f7E282f828224F2C3e627/15.md

Technical analysis

We have verified that the payloads modify the variable slope 1 of the wETH to 2.7% on all v3 markets.

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.