v3-107-aave-v3-optimism-susd-parameter-updates.md

Proposal 107. SUSD risk parameters update.

Voting link

https://vote.onaave.com/proposal/?proposalId=107

Governance forum discussion

https://governance.aave.com/t/susd-depeg-update-05-16-2024/17719

Payloads

• Optimism - proposal payloads

Certora analysis

Proposal types

🔧 📊 configuration update

Context

This proposal suggests risk parameters change following a de-peg of SUSD in recent time.

Proposal creation

Transaction: https://etherscan.io/tx/0x5850c230e744825a4f04e58e0a292773eed187d8e8c8449b62b7862351ae6f2d

- proposalId: 107
- creator: 0x57ab7ee15ce5ecacb1ab84ee42d5a9d0d8112922
- accessLevel: 1
- ipfsHash: 0x7ae0c2025ef34dd6e9b64fe2febd4687d3a63bb83bc15a5aa7dd7756176a2404

createProposal() parameters

{
  "payloads": [ 
    { 
      "chain": "10", 
      "accessLevel": "1", 
      "payloadsController": "0x0E1a3Af1f9cC76A62eD31eDedca291E63632e7c4", 
      "payloadId": "31" 
    }, 
  ], 
  "votingPortal": "0x9b24C168d6A76b5459B1d47071a54962a4df36c3", 
  "ipfsHash": "0x7ae0c2025ef34dd6e9b64fe2febd4687d3a63bb83bc15a5aa7dd7756176a2404" 
}

Aave Seatbelt report

Proposal report

https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/proposals/107.md

Payload reports

• Optimism V3 - https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/payloads/10/0x0E1a3Af1f9cC76A62eD31eDedca291E63632e7c4/31.md

Technical analysis

We have verified that the LTV of the SUSD reserve was modified to 0%. No other changes were introduced in this AIP.

The proposal is consistent with the description on 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.