v3-37-aave-v1-deprecation-phase-2.md

Proposal 37. Aave V1 Deprecation Phase 2.

Voting link

https://vote.onaave.com/proposal/?proposalId=37

Governance forum discussion

https://governance.aave.com/t/temp-check-bgd-further-aave-v1-deprecation-strategy/15893/5

Payloads

proposal payloads

Certora analysis

Proposal types

🤝 contract upgrade

Context

This proposal upgrades the liquidation manager to allow liquidation of healthy positions with a fixed 3% bonus, as further step of Aave v1 off-boarding, to reduce operational overhead on deprecated Aave instances.

Proposal creation

Transaction: https://etherscan.io/tx/0x1891c87d6ebbef539edd1ed56299b4012a02a5c84e59f71f9c7fc815ea0b1de0

- proposalId: 37
- creator: 0xf71fc92e2949ccf6a5fd369a0b402ba80bc61e02
- accessLevel: 1
- ipfsHash: 0xa451c9a2426267673fd125702c99581683426ca5ff1a003b07a3cd129ed30470

createProposal() parameters

{
  "payloads": [ 
    { 
      "chain": "1", 
      "accessLevel": "1", 
      "payloadsController": "0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5", 
      "payloadId": "67" 
    }, 
  ], 
  "votingPortal": "0x9b24C168d6A76b5459B1d47071a54962a4df36c3", 
  "ipfsHash": "0xa451c9a2426267673fd125702c99581683426ca5ff1a003b07a3cd129ed30470" 
}

Aave Seatbelt report

Proposal report

https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/proposals/37.md

Payload reports

• Ethereum V1 - https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/payloads/1/0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5/67.md

Technical analysis

We have verified that the payload upgrades the LIQUIDATION_MANAGER contract to the one specified in the IPFS with the new implementation having 3% bonus on liquidation and revision 2.

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.