140-aave-v3-optimism-AAVE-supply-cap.md

Proposal 140. Aave v3 Optimism - Update of AAVE supply cap

Voting link

https://app.aave.com/governance/proposal/?proposalId=140

Governance forum discussion

https://governance.aave.com/t/arc-risk-parameter-updates-for-aave-v3-optimism-2022-12-29/11213

BGD analysis

Proposal types

🔧 📊 params-update

Context

This proposal is an update of the supply cap for the AAVE asset on Aave v3 Optimism, by Gauntlet.

Proposal creation

Transaction: https://etherscan.io/tx/0xb333e1c1a0d14989880d46b59ccbda78ec8c3721a40edfd38586fcece91ac2b8

- id: 140
- creator: 0x683a4f9915d6216f73d6df50151725036bd26c02
- executor: 0xee56e2b3d491590b5b31738cc34d5232f378a8d5
- targets: [0x5f5c02875a8e9b5a26fbd09040abcfdeb2aa6711]
- values: [0]
- signatures: [execute(address)]
- calldatas: [0x00000000000000000000000031976dc2ea27e75cc5a3687ed594d17127f9b72e]
- withDelegatecalls: [true]
- startBlock: 16351665
- endBlock: 16370865
- strategy: 0xb7e383ef9b1e9189fc0f71fb30af8aa14377429e
- ipfsHash: 0xe06d5211b4f8b59decdb58811d73d40ed66a34842fa39597c946795e3752b83a

Aave Seatbelt reports

Ethereum

https://github.com/bgd-labs/seatbelt-for-ghosts/blob/main/reports/Aave/0xEC568fffba86c094cf06b22134B23074DFE2252c/140.md

Optimism

https://github.com/bgd-labs/seatbelt-for-ghosts/blob/main/reports/Aave/0xEC568fffba86c094cf06b22134B23074DFE2252c/140_optimism_2_0.md

Technical analysis

From a technical perspective, we have verified that the proposal effectively goes through the cross-chain governance mechanism for Optimism, and its payload on the destination chain correctly calls the Aave v3 Optimism PoolConfigurator to update the AAVE supply cap to 100'000 AAVE.

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.