v3-158-aave-v3-ethereum-gho-rate-update.md

Proposal 158. GHO Borrow Rate Update.

Voting link

https://vote.onaave.com/proposal/?proposalId=158

Governance forum discussion

https://governance.aave.com/t/arfc-gho-stewards-gho-parameter-adjustments/17289/29

Payloads

• Ethereum - proposal payloads

Certora analysis

Proposal types

🔧 📊 configuration update

Context

This proposal sets new borrow interest rate value for gho to enhance competitiveness in the current market conditions.

Proposal creation

Transaction: https://etherscan.io/tx/0x5ec2be31f5422f9295863e837c3d71ff8f1fceefa7a200a251e585d3c1c630c0

- proposalId: 158
- creator: 0x57ab7ee15ce5ecacb1ab84ee42d5a9d0d8112922
- accessLevel: 1
- ipfsHash: 0x4d73cb1489c07aabc0c173ea556658910d965d10cb97796937510dcd2250fdc5

createProposal() parameters

{
  "payloads": [ 
    { 
      "chain": "1", 
      "accessLevel": "1", 
      "payloadsController": "0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5", 
      "payloadId": "165" 
    }, 
  ], 
  "votingPortal": "0x9b24C168d6A76b5459B1d47071a54962a4df36c3", 
  "ipfsHash": "0x4d73cb1489c07aabc0c173ea556658910d965d10cb97796937510dcd2250fdc5" 
}

Aave Seatbelt report

Proposal report

https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/proposals/158.md

Payload reports

• Ethereum V3 - https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/payloads/1/0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5/165.md

Technical analysis

We have verified that the payload changes the GHO interest rate strategy such that the borrow rate is decreased to 5.00% APR.

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.