diff --git a/reports/payloads/1/0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5/127.md b/reports/payloads/1/0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5/127.md index 3ea36f24f5..8569beaef7 100644 --- a/reports/payloads/1/0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5/127.md +++ b/reports/payloads/1/0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5/127.md @@ -1,6 +1,6 @@ ## Payload 127 on Ethereum -- Simulation: [https://dashboard.tenderly.co/me/simulator/3fe80d5c-a760-46d5-a5dc-fdd68d3d7038](https://dashboard.tenderly.co/me/simulator/3fe80d5c-a760-46d5-a5dc-fdd68d3d7038) +- Simulation: [https://dashboard.tenderly.co/me/simulator/d7dcfd04-44db-4266-9a32-9f296c75e513](https://dashboard.tenderly.co/me/simulator/d7dcfd04-44db-4266-9a32-9f296c75e513) - creator: 0x57ab7ee15cE5ECacB1aB84EE42D5A9d0d8112922 - maximumAccessLevelRequired: 1 - state: 1(Created) @@ -31,11 +31,11 @@ InitializableImmutableAdminUpgradeabilityProxy at `0x7d2768dE32b0b80b7a3454c06Bd TransparentUpgradeableProxy at `0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5`[:ghost:](https://github.com/bgd-labs/aave-address-book "GovernanceV3Ethereum.PAYLOADS_CONTROLLER") with implementation PayloadsController at `0x7222182cB9c5320587b5148BF03eeE107AD64578` ```diff @@ Slot `0xbb77812a8fa7fa6a572953fea9126358f3aec9cde938b0c1788d783c38ffd2cb` @@ -- "0x006643c26a006644baff020157ab7ee15ce5ecacb1ab84ee42d5a9d0d8112922" -+ "0x006643c26a006644baff030157ab7ee15ce5ecacb1ab84ee42d5a9d0d8112922" +- "0x006643de8a006644baff020157ab7ee15ce5ecacb1ab84ee42d5a9d0d8112922" ++ "0x006643de8a006644baff030157ab7ee15ce5ecacb1ab84ee42d5a9d0d8112922" @@ Slot `0xbb77812a8fa7fa6a572953fea9126358f3aec9cde938b0c1788d783c38ffd2cc` @@ - "0x000000000000000000093a800000015180006672df7f00000000000000000000" -+ "0x000000000000000000093a800000015180006672df7f000000000000664514c3" ++ "0x000000000000000000093a800000015180006672df7f000000000000664530e3" ``` @@ -47,7 +47,7 @@ TransparentUpgradeableProxy at `0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5`[:gho - `CollateralConfigurationChanged(asset: 0x514910771af9ca656af840dff83e8264ecf986ca (symbol: LINK), ltv: 0, liquidationThreshold: 6500, liquidationBonus: 10700)` - `CollateralConfigurationChanged(asset: 0xe41d2489571d322189246dafa5ebde1f4699f498 (symbol: ZRX), ltv: 0, liquidationThreshold: 1, liquidationBonus: 11000)` - Executor at `0x5300A1a15135EA4dc7aD5a167152C01EFc9b192A`[:ghost:](https://github.com/bgd-labs/aave-address-book "AaveV2Ethereum.POOL_ADMIN, AaveV2EthereumAMM.POOL_ADMIN, AaveV3Ethereum.ACL_ADMIN, GovernanceV3Ethereum.EXECUTOR_LVL_1") - - `ExecutedAction(target: 0xdc38dbcae6be78da84972afb07825726615cbd23, value: 0, signature: execute(), data: 0x, executionTime: 1715803331, withDelegatecall: true, resultData: 0x)` + - `ExecutedAction(target: 0xdc38dbcae6be78da84972afb07825726615cbd23, value: 0, signature: execute(), data: 0x, executionTime: 1715810531, withDelegatecall: true, resultData: 0x)` - TransparentUpgradeableProxy at `0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5`[:ghost:](https://github.com/bgd-labs/aave-address-book "GovernanceV3Ethereum.PAYLOADS_CONTROLLER") with implementation PayloadsController at `0x7222182cB9c5320587b5148BF03eeE107AD64578` - `PayloadExecuted(payloadId: 127)` diff --git a/reports/payloads/1/0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5/128.md b/reports/payloads/1/0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5/128.md index 29938b8e00..9e4bccf94c 100644 --- a/reports/payloads/1/0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5/128.md +++ b/reports/payloads/1/0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5/128.md @@ -1,6 +1,6 @@ ## Payload 128 on Ethereum -- Simulation: [https://dashboard.tenderly.co/me/simulator/3bcf69e0-beba-4ce2-94f3-84e8f2695b36](https://dashboard.tenderly.co/me/simulator/3bcf69e0-beba-4ce2-94f3-84e8f2695b36) +- Simulation: [https://dashboard.tenderly.co/me/simulator/73fc60d7-48e1-4e71-84ee-f735d4d3f4f4](https://dashboard.tenderly.co/me/simulator/73fc60d7-48e1-4e71-84ee-f735d4d3f4f4) - creator: 0x57ab7ee15cE5ECacB1aB84EE42D5A9d0d8112922 - maximumAccessLevelRequired: 1 - state: 1(Created) @@ -104,11 +104,11 @@ TransparentUpgradeableProxy at `0xbD37610BBB1ddc2a22797F7e3f531B59902b7bA7`[:gho TransparentUpgradeableProxy at `0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5`[:ghost:](https://github.com/bgd-labs/aave-address-book "GovernanceV3Ethereum.PAYLOADS_CONTROLLER") with implementation PayloadsController at `0x7222182cB9c5320587b5148BF03eeE107AD64578` ```diff @@ Slot `0x3429d6fa9db26e5631128d8185584d24f10323af033be7ff252ec8822b07bae1` @@ -- "0x006643c276006644e0eb020157ab7ee15ce5ecacb1ab84ee42d5a9d0d8112922" -+ "0x006643c276006644e0eb030157ab7ee15ce5ecacb1ab84ee42d5a9d0d8112922" +- "0x006643de96006644e0eb020157ab7ee15ce5ecacb1ab84ee42d5a9d0d8112922" ++ "0x006643de96006644e0eb030157ab7ee15ce5ecacb1ab84ee42d5a9d0d8112922" @@ Slot `0x3429d6fa9db26e5631128d8185584d24f10323af033be7ff252ec8822b07bae2` @@ - "0x000000000000000000093a800000015180006673056b00000000000000000000" -+ "0x000000000000000000093a800000015180006673056b000000000000664514cf" ++ "0x000000000000000000093a800000015180006673056b000000000000664530ef" ``` @@ -137,7 +137,7 @@ TransparentUpgradeableProxy at `0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5`[:gho - `RateStrategyCreated(strategy: 0x11ef01bc8d774a5fe6f4bcd4bafd187d27cd99af, hashedParam: 0x329845bbcd8a9229cd6efb92d03e941b923c354aeeca44282a3bbc7452601570, params: {"optimalUtilizationRate":"200000000000000000000000000","baseVariableBorrowRate":"30000000000000000000000000","variableRateSlope1":"150000000000000000000000000","variableRateSlope2":"2000000000000000000000000000","stableRateSlope1":"40000000000000000000000000","stableRateSlope2":"1000000000000000000000000000"})` - `RateStrategyCreated(strategy: 0xe706615371ba37a3134feb28d0b4aac74e5976bb, hashedParam: 0xc93ecd12d733268b15316d978f98bb12e78fc3ddee4e9397ca9bc48cb9f2f592, params: {"optimalUtilizationRate":"200000000000000000000000000","baseVariableBorrowRate":"30000000000000000000000000","variableRateSlope1":"150000000000000000000000000","variableRateSlope2":"2000000000000000000000000000","stableRateSlope1":"20000000000000000000000000","stableRateSlope2":"750000000000000000000000000"})` - Executor at `0x5300A1a15135EA4dc7aD5a167152C01EFc9b192A`[:ghost:](https://github.com/bgd-labs/aave-address-book "AaveV2Ethereum.POOL_ADMIN, AaveV2EthereumAMM.POOL_ADMIN, AaveV3Ethereum.ACL_ADMIN, GovernanceV3Ethereum.EXECUTOR_LVL_1") - - `ExecutedAction(target: 0x04565551453e20a0b58b890ba71cedeea9d1fb41, value: 0, signature: execute(), data: 0x, executionTime: 1715803343, withDelegatecall: true, resultData: 0x)` + - `ExecutedAction(target: 0x04565551453e20a0b58b890ba71cedeea9d1fb41, value: 0, signature: execute(), data: 0x, executionTime: 1715810543, withDelegatecall: true, resultData: 0x)` - TransparentUpgradeableProxy at `0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5`[:ghost:](https://github.com/bgd-labs/aave-address-book "GovernanceV3Ethereum.PAYLOADS_CONTROLLER") with implementation PayloadsController at `0x7222182cB9c5320587b5148BF03eeE107AD64578` - `PayloadExecuted(payloadId: 128)` diff --git a/reports/proposals/105.md b/reports/proposals/105.md index 1e50b27f4a..c0fb21f2c2 100644 --- a/reports/proposals/105.md +++ b/reports/proposals/105.md @@ -4,14 +4,14 @@ ## Proposal 105 -- Simulation: [https://dashboard.tenderly.co/me/simulator/225c25c4-acbc-411e-87bf-976b22bfcb71](https://dashboard.tenderly.co/me/simulator/225c25c4-acbc-411e-87bf-976b22bfcb71) +- Simulation: [https://dashboard.tenderly.co/me/simulator/b7f75ab0-7718-4097-8d10-d77feb677bba](https://dashboard.tenderly.co/me/simulator/b7f75ab0-7718-4097-8d10-d77feb677bba) - state: Created - creator: 0x57ab7ee15cE5ECacB1aB84EE42D5A9d0d8112922 - maximumAccessLevelRequired: 1 - payloads: [{"chain":"1","accessLevel":1,"payloadsController":"0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5","payloadId":127}] - createdAt: [15/05/2024, 13:45:47](https://etherscan.io/tx/0x441c941bbbf59e21701d0a6c5d36f8b6dbb9602e9a829daf4a157acb1bb5620c) -- simulatedExecutionAt: 15/05/2024, 20:02:11, timestamp: 1715803331, block: 19877641 +- simulatedExecutionAt: 15/05/2024, 22:02:11, timestamp: 1715810531, block: 19878238 ### Ipfs
@@ -28,8 +28,8 @@ TransparentUpgradeableProxy at `0x9AEE0B04504CeF83A65AC3f0e838D0593BCb2BC7`[:ghost:](https://github.com/bgd-labs/aave-address-book "GovernanceV3Ethereum.GOVERNANCE") with implementation Governance at `0x58BcB647C4beFf253B4B6996c62F737B783f2cDd` ```diff @@ `_proposals` key `"105".state` @@ -- 112277019361539 -+ 112277019361540 +- 112277490434307 ++ 112277490434308 ``` TransparentUpgradeableProxy at `0xEd42a7D8559a463722Ca4beD50E0Cc05a386b0e1`[:ghost:](https://github.com/bgd-labs/aave-address-book "GovernanceV3Ethereum.CROSS_CHAIN_CONTROLLER") with implementation CrossChainControllerUpgradeRev2 at `0x28559c2F4B038b1E836fA419DCcDe7454d8Fe215` diff --git a/reports/proposals/106.md b/reports/proposals/106.md index 1671192046..d8f1ed26cf 100644 --- a/reports/proposals/106.md +++ b/reports/proposals/106.md @@ -4,110 +4,20 @@ ## Proposal 106 -- Simulation: [https://dashboard.tenderly.co/me/simulator/c779cb48-6f13-4edc-98a5-360900437084](https://dashboard.tenderly.co/me/simulator/c779cb48-6f13-4edc-98a5-360900437084) +- Simulation: [https://dashboard.tenderly.co/me/simulator/2bf3c319-94a1-4409-9a35-e5e53758cce1](https://dashboard.tenderly.co/me/simulator/2bf3c319-94a1-4409-9a35-e5e53758cce1) - state: Created - creator: 0x57ab7ee15cE5ECacB1aB84EE42D5A9d0d8112922 - maximumAccessLevelRequired: 1 - payloads: [{"chain":"1","accessLevel":1,"payloadsController":"0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5","payloadId":128}] - createdAt: [15/05/2024, 16:22:35](https://etherscan.io/tx/0xfe41d70d2336aec8a03403ac60068dd260e61acb58190eba8a333924982d3e9a) -- simulatedExecutionAt: 15/05/2024, 20:02:23, timestamp: 1715803343, block: 19877642 +- simulatedExecutionAt: 15/05/2024, 22:02:11, timestamp: 1715810531, block: 19878238 ### Ipfs
- Deprecation of Small-cap Stablecoins on V2 Ethereum + problem fetching ipfs metadata - -## Simple Summary - -A proposal to deprecate USDP, GUSD, LUSD, FRAX, and sUSD on Aave V2 - -## Motivation - -Following our ongoing efforts to deprecate the V2 markets and following the recent USDP volatility and subsequent freeze, we propose deprecating smaller market cap stablecoins on V2. - -#### Deprecation Phase I - -Recent events have highlighted the need for Aave to reduce its V2 exposure to lesser-used stablecoins, many of which have limited liquidity, thus allowing for price manipulation and other potentially harmful events. Previously, the community followed a two-phase process to deprecate stablecoins, with BUSD and TUSD as examples. Given the success of these, we propose a similar path forward. Notably, none of the below stablecoins are collateral assets, reducing the complication of the process. - -For USDP, GUSD, LUSD, FRAX, and sUSD we propose the following parameters: - -| Parameter | Proposed Value | -| ----------------- | -------------- | -| Reserve Factor | 95% | -| Borrowing Enabled | No | -| Base Rate | 3% | -| Slope1 | +3% | -| Slope2 | 200% | -| UOptimal | 20% | - -The goal of Phase I is to increase borrower APR to encourage borrowers to repay their loans; this is achieved through higher Base Rate, Slope1, Slope2, and lower UOptimal. Additionally, we recommend leaving them frozen to prevent new supplies and borrowings. Finally, we increase the reserve factor to reduce supply APY, reducing the attractiveness of supply as borrowers pay increased rates. - -Following observations from Phase I, we may move to further decrease UOptimal, increase Reserve Factor, and increase Slope2. - -## Specification - -USDP -| Parameter | Current Value | Proposed Value | -|-------------------|---------------|----------------| -| Reserve Factor | 45% | 95% | -| Borrowing Enabled | Yes | No | -| Base Rate | 0% | 3% | -| Slope1 | 12% | 15% | -| Slope2 | 75% | 200% | -| UOptimal | 80% | 20% | - -GUSD -| Parameter | Current Value | Proposed Value | -|-------------------|---------------|----------------| -| Reserve Factor | 45% | 95% | -| Borrowing Enabled | Yes | No | -| Base Rate | 0% | 3% | -| Slope1 | 12% | 15% | -| Slope2 | 150% | 200% | -| UOptimal | 70% | 20% | - -LUSD -| Parameter | Current Value | Proposed Value | -|-------------------|---------------|----------------| -| Reserve Factor | 50% | 95% | -| Borrowing Enabled | Yes | No | -| Base Rate | 0% | 3% | -| Slope1 | 12% | 15% | -| Slope2 | 75% | 200% | -| UOptimal | 80% | 20% | - -FRAX -| Parameter | Current Value | Proposed Value | -|-------------------|---------------|----------------| -| Reserve Factor | 55% | 95% | -| Borrowing Enabled | Yes | No | -| Base Rate | 0% | 3% | -| Slope1 | 12% | 15% | -| Slope2 | 100% | 200% | -| UOptimal | 80% | 20% | - -sUSD -| Parameter | Current Value | Proposed Value | -|-------------------|---------------|----------------| -| Reserve Factor | 55% | 95% | -| Borrowing Enabled | Yes | No | -| Base Rate | 0% | 3% | -| Slope1 | 12% | 15% | -| Slope2 | 100% | 200% | -| UOptimal | 80% | 20% | - -## References - -- Implementation: [AaveV2Ethereum](https://github.com/bgd-labs/aave-proposals-v3/blob/8a8b08961887ec193aa153fe3ff8322d3b8a53f2/src/20240502_AaveV2Ethereum_DeprecationOfSmallCapStablecoinsOnV2Ethereum/AaveV2Ethereum_DeprecationOfSmallCapStablecoinsOnV2Ethereum_20240502.sol) -- Tests: [AaveV2Ethereum](https://github.com/bgd-labs/aave-proposals-v3/blob/8a8b08961887ec193aa153fe3ff8322d3b8a53f2/src/20240502_AaveV2Ethereum_DeprecationOfSmallCapStablecoinsOnV2Ethereum/AaveV2Ethereum_DeprecationOfSmallCapStablecoinsOnV2Ethereum_20240502.t.sol) -- [Snapshot](https://snapshot.org/#/aave.eth/proposal/0xf6aaa50a6a76f44df9cfbbb760ca80878854dd16d88b16a3fc0f5fa6920741f0) -- [Discussion](https://governance.aave.com/t/arfc-deprecation-of-small-cap-stablecoins-on-v2-ethereum/17484/1) - -## Copyright - -Copyright and related rights waived via [CC0](https://creativecommons.org/publicdomain/zero/1.0/). - + problem fetching ipfs metadata
### Check: Reports all state changes :white_check_mark: @@ -118,8 +28,8 @@ Copyright and related rights waived via [CC0](https://creativecommons.org/public TransparentUpgradeableProxy at `0x9AEE0B04504CeF83A65AC3f0e838D0593BCb2BC7`[:ghost:](https://github.com/bgd-labs/aave-address-book "GovernanceV3Ethereum.GOVERNANCE") with implementation Governance at `0x58BcB647C4beFf253B4B6996c62F737B783f2cDd` ```diff @@ `_proposals` key `"106".state` @@ -- 112277020147971 -+ 112277020147972 +- 112277491220739 ++ 112277491220740 ``` TransparentUpgradeableProxy at `0xEd42a7D8559a463722Ca4beD50E0Cc05a386b0e1`[:ghost:](https://github.com/bgd-labs/aave-address-book "GovernanceV3Ethereum.CROSS_CHAIN_CONTROLLER") with implementation CrossChainControllerUpgradeRev2 at `0x28559c2F4B038b1E836fA419DCcDe7454d8Fe215`