v3-68-aave-v2-polygon-reserve-factor-updates.md

Proposal 68. Reserve Factor Updates (April 5, 2024).

Voting link

https://vote.onaave.com/proposal/?proposalId=68

Governance forum discussion

https://governance.aave.com/t/arfc-reserve-factor-updates-polygon-aave-v2/13937/21

Payloads

• Polygon - proposal payloads

Certora analysis

Proposal types

🔧 📊 configuration update

Context

This proposal increases the reserve factors of multiple assets on Aave-V2-Polygon by 5% up to 99% in order to encouraging users to migrate from Polygon v2 to v3.

Proposal creation

Transaction: https://etherscan.io/tx/0x5e0e6ead265a9594e4cbd5cbe881c4ac4c53ae3b2a8fd294b5464eb74722950c

- proposalId: 68
- creator: 0x57ab7ee15ce5ecacb1ab84ee42d5a9d0d8112922
- accessLevel: 1
- ipfsHash: 0xa065b0072d967b744ef82f22ef4809258572148c1e31d9a0aef854f8fbdebb12

createProposal() parameters

{
  "payloads": [ 
    { 
      "chain": "137", 
      "accessLevel": "1", 
      "payloadsController": "0x401B5D0294E23637c18fcc38b1Bca814CDa2637C", 
      "payloadId": "47" 
    }, 
  ], 
  "votingPortal": "0x9b24C168d6A76b5459B1d47071a54962a4df36c3", 
  "ipfsHash": "0xa065b0072d967b744ef82f22ef4809258572148c1e31d9a0aef854f8fbdebb12" 
}

Aave Seatbelt report

Proposal report

https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/proposals/68.md

Payload reports

• Polygon V2 - https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/payloads/137/0x401B5D0294E23637c18fcc38b1Bca814CDa2637C/47.md

Technical analysis

We have verified that the payload modifies the reserve factor of the following tokens to the following values:

DAI: 91%

USDC: 93%

USDT: 92%

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.