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added proposal 105
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Asaf Hochstadt committed May 15, 2024
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Expand Up @@ -109,6 +109,7 @@ This repository is a public registry of all the Aave governance proposals verifi
| 102 | [Aave v2 Ethereum And Avalanche Reserve Factor Updates](./reports/v3-102-aave-v2-multichain-reserve-factor-upgrades.md) |
| 103 | [Aave v2+v3 Multichain April Finance Update](./reports/v3-103-aave-v2+v3-multichain-april-finance-update.md) |
| 104 | [Aave v3 Ethereum osETH Onboarding](./reports/v3-104-aave-v3-ethereum-osETH-onboarding.md) |
| 105 | [Aave v2 Ethereum LT Reductions](./reports/v3-105-aave-v2-ethereum-chaos-labs-lt-reductions.md) |

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107 changes: 107 additions & 0 deletions reports/v3-105-aave-v2-ethereum-chaos-labs-lt-reductions.md
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# Proposal 105. Chaos Labs Ethereum V2 LT Reductions.

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### Voting link

[https://vote.onaave.com/proposal/?proposalId=105](https://vote.onaave.com/proposal/?proposalId=105)

<br>

### Governance forum discussion

[https://governance.aave.com/t/arfc-chaos-labs-ethereum-v2-lt-reductions-05-06-2024/17598](https://governance.aave.com/t/arfc-chaos-labs-ethereum-v2-lt-reductions-05-06-2024/17598)

<br>

### Payloads

* Ethereum - [proposal payloads](https://etherscan.io/address/0xDc38DBcAE6Be78DA84972afB07825726615cbd23#code#F1#L1)

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## Certora analysis

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### Proposal types

:wrench: :bar_chart: configuration update

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### Context

This proposal reduces the liquidation thresholds of ZRX, LINK which are frozen assets on Aave-V2-Ethereum and in order to encourage users to migrate from v2 to v3.

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### Proposal creation

Transaction: [https://etherscan.io/tx/0x441c941bbbf59e21701d0a6c5d36f8b6dbb9602e9a829daf4a157acb1bb5620c](https://etherscan.io/tx/0x441c941bbbf59e21701d0a6c5d36f8b6dbb9602e9a829daf4a157acb1bb5620c)

```
- proposalId: 105
- creator: 0x57ab7ee15ce5ecacb1ab84ee42d5a9d0d8112922
- accessLevel: 1
- ipfsHash: 0x6c9644b3c657187c2d9d8632de3eaf2ab1d689f328d18d6bc83a65bed945d3d0
```

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**createProposal() parameters**

```
{
"payloads": [
{
"chain": "1",
"accessLevel": "1",
"payloadsController": "0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5",
"payloadId": "127"
},
],
"votingPortal": "0x9b24C168d6A76b5459B1d47071a54962a4df36c3",
"ipfsHash": "0x6c9644b3c657187c2d9d8632de3eaf2ab1d689f328d18d6bc83a65bed945d3d0"
}
```

<br>

### Aave Seatbelt report

**Proposal report**

[https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/proposals/105.md](https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/proposals/105.md)

**Payload reports**

* Ethereum V2 - [https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/payloads/1/0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5/127.md](https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/payloads/1/0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5/127.md)

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### Technical analysis

We have verified that the payload reduces the liquidation thresholds of the following tokens to the following values:

- Ethereum V2:

LINK: 65.00%

ZRX: 0.01%

<br>

The proposal is consistent with the description on both Snapshot and the governance forum.

<br>

### Certora validations

:white_check_mark: The code on the proposal payload corresponds to the proposal specification.

:white_check_mark: The proposal includes a proper tests suite, checking all necessary post-conditions.

:white_check_mark: BGD reviewed the payload before the proposal was submitted.

:white_check_mark: Certora reviewed the procedure followed to submit the proposal.

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