v3-151-aave-v3-ethereum-GHO-borrow-rate-update.md

Proposal 151. GHO Borrow Rate Update.

Voting link

https://vote.onaave.com/proposal/?proposalId=151

Governance forum discussion

https://governance.aave.com/t/gho-stewards-adjustments-gho-borrow-rate/18649

Payloads

• Ethereum - proposal payloads

Certora analysis

Proposal types

🔧 📊 configuration update

Context

This proposal decreases the borrow rate of the GHO token. BaseVariableBorrowRate of GHO is decreased to 6%.

Proposal creation

Transaction: https://etherscan.io/tx/0xcdef94e5b68943fe7e8edc2d8893c69bd8174b16530c2028fb56530d01b56980

- proposalId: 151
- creator: 0x57ab7ee15ce5ecacb1ab84ee42d5a9d0d8112922
- accessLevel: 1
- ipfsHash: 0x14648164c4d4c053dc982f0bcf4aed60ae802e0ec70b78afff085fe1075da455

createProposal() parameters

{
  "payloads": [ 
    { 
      "chain": "1", 
      "accessLevel": "1", 
      "payloadsController": "0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5", 
      "payloadId": "162" 
    }, 
  ], 
  "votingPortal": "0x9b24C168d6A76b5459B1d47071a54962a4df36c3", 
  "ipfsHash": "0x14648164c4d4c053dc982f0bcf4aed60ae802e0ec70b78afff085fe1075da455" 
}

Aave Seatbelt report

Proposal report

https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/proposals/151.md

Payload reports

• Ethereum - https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/payloads/1/0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5/162.md

Technical analysis

We have verified that the payloads reduce the borrow rate of GHO to 6%.

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.