v3-145-aave-v3-multichain-reduce-reserve-factor-on-wstETH.md

Proposal 145. Reduce Reserve Factor on wstETH.

Voting link

https://vote.onaave.com/proposal/?proposalId=145

Governance forum discussion

https://governance.aave.com/t/arfc-reduce-reserve-factor-on-wsteth/18044/1

Payloads

• Ethereum - proposal payloads

• Polygon - proposal payloads

• Optimism - proposal payloads

• Arbitrum - proposal payloads

• Base - proposal payloads

• Gnosis - proposal payloads

• Scroll - proposal payloads

Certora analysis

Proposal types

🔧 📊 configuration update

Context

This proposal reduces the reserve factor of wstETH across all V3-markets in order to further align with the upcoming Lido Alliance proposals.

Proposal creation

Transaction: https://etherscan.io/tx/0xe7430927138f4cd1aacbb29779fefa01766b3ad4bf4a100203d34355bd051ac3

- proposalId: 145
- creator: 0x57ab7ee15cE5ECacB1aB84EE42D5A9d0d8112922
- accessLevel: 1
- ipfsHash: 0x6985386cb307aa45146c8e2e1ab70a8807267646fb45791184af1a64dc15e8a8

createProposal() parameters

{
  "payloads": [
    {
      "chain": "1",
      "accessLevel": "1",
      "payloadsController": "0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5",
      "payloadId": "157"
    },
    {
      "chain": "137",
      "accessLevel": "1",
      "payloadsController": "0x401B5D0294E23637c18fcc38b1Bca814CDa2637C",
      "payloadId": "75"
    },
    {
      "chain": "10",
      "accessLevel": "1",
      "payloadsController": "0x0E1a3Af1f9cC76A62eD31eDedca291E63632e7c4",
      "payloadId": "42"
    },
    {
      "chain": "42161",
      "accessLevel": "1",
      "payloadsController": "0x89644CA1bB8064760312AE4F03ea41b05dA3637C",
      "payloadId": "44"
    },
    {
      "chain": "8453",
      "accessLevel": "1",
      "payloadsController": "0x2DC219E716793fb4b21548C0f009Ba3Af753ab01",
      "payloadId": "28"
    },
    {
      "chain": "100",
      "accessLevel": "1",
      "payloadsController": "0x9A1F491B86D09fC1484b5fab10041B189B60756b",
      "payloadId": "27"
    },
    {
      "chain": "534352",
      "accessLevel": "1",
      "payloadsController": "0x6b6B41c0f8C223715f712BE83ceC3c37bbfDC3fE",
      "payloadId": "19"
    },
  ],
  "votingPortal": "0x9b24C168d6A76b5459B1d47071a54962a4df36c3",
  "ipfsHash": "0x6985386cb307aa45146c8e2e1ab70a8807267646fb45791184af1a64dc15e8a8"
}

Aave Seatbelt report

Proposal report

https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/proposals/145.md

Payload reports

• Ethereum - https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/payloads/1/0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5/157.md

• Polygon - https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/payloads/137/0x401B5D0294E23637c18fcc38b1Bca814CDa2637C/75.md

• Optimism - https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/payloads/10/0x0E1a3Af1f9cC76A62eD31eDedca291E63632e7c4/42.md

• Arbitrum - https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/payloads/42161/0x89644CA1bB8064760312AE4F03ea41b05dA3637C/44.md

• Base - https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/payloads/8453/0x2DC219E716793fb4b21548C0f009Ba3Af753ab01/28.md

• Gnosis - https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/payloads/100/0x9A1F491B86D09fC1484b5fab10041B189B60756b/27.md

• Scroll - https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/payloads/534352/0x6b6B41c0f8C223715f712BE83ceC3c37bbfDC3fE/19_forge.md

Technical analysis

We have verified that the payloads reduce the reserve factor of wstETH on all Aave-V3-Markets to 5%.

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.