v3-7-aave-safety-module-stkgho-activation.md

V3. Proposal 7. Aave Safety Module - stkGHO activation

Voting link

https://vote.onaave.com/proposal/?proposalId=7

Governance forum discussion

https://governance.aave.com/t/arfc-upgrade-safety-module-with-stkgho/15635

BGD analysis

Proposal types

safety-module

Context

This proposal activates stkGHO, a new instance of the Aave Safety Module, by configuring an emission of AAVE rewards for stakers.

Proposal creation

Transaction: https://etherscan.io/tx/0xebf44760daa0681e22117904260e1c40ba3f5792b472ded64d7ddaeb4bca9c04

- proposalId: 7
- creator: 0x57ab7ee15ce5ecacb1ab84ee42d5a9d0d8112922
- accessLevel: 1
- ipfsHash: 0xbaf47f585bee303606be09f9f9c4215875e8ab48df280c5cabebb94d722a5dd2

createProposal() parameters

{
  "payloads": [
    {
      "chain": "1",
      "accessLevel": 1,
      "payloadsController": "0xdabad81af85554e9ae636395611c58f7ec1aaec5",
      "payloadId": "47"
    }
  ],
  "votingPortal": "0x9b24c168d6a76b5459b1d47071a54962a4df36c3",
  "ipfsHash": "0xbaf47f585bee303606be09f9f9c4215875e8ab48df280c5cabebb94d722a5dd2"
}

Aave Seatbelt report

Proposal report

https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/proposals/7.md

Payloads report

https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/payloads/1/0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5/47.md

Technical analysis

We have verified the proposal payload does the following:

1. Configure emission of AAVE tokens on stkGHO with the following parameters:

• Emission: 50 AAVE per day (in emission per second).
• Distribution end: 90 days from proposal execution.

2. Approve ~4'500 AAVE from the Aave Ecosystem Reserve to stkGHO, to allow claming of them by stakers.

The proposal payload is consistent with the description in the Aave governance forum.

BGD 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.

✅ Only one payload used via delegatecall

✅ BGD reviewed the procedure followed to submit the proposal.