Skip to content

Latest commit

 

History

History
66 lines (47 loc) · 2.68 KB

v3-224-aave-v3-Ethereum-weETH-risk-paramter-adjustment.md

File metadata and controls

66 lines (47 loc) · 2.68 KB

Proposal 224. weETH Risk Parameter Adjustment

Voting Link

Link to voting page

Governance Forum Discussions

Link to forum discussions

Payloads

Certora Analysis

Proposal Types

  • 🔧 📊 Configuration updates

Context

A proposal to adjust weETH’s LTV, LT, and LB on the Ethereum Core instance. weETH’s collateral parameters are currently set to 72.5%, 75%, and 7.5% for LTV, LT, and LB, respectively, on Ethereum — Core. Following observations of user behavior and on-chain liquidity, we are able to recommend adjusting these parameters to make the asset more efficient as collateral. The vast majority of debt against weETH is WETH, making these positions low-risk due to weETH’s utilization of the ETH/USD oracle augmented with its exchange rate.

Proposal Creation

Transaction: 0xf0ff5a3663e33f583ec0c8733d1b9a1b92bba654113b512377300880138f9636

  • proposalId: 224
  • creator: 0x57ab7ee15cE5ECacB1aB84EE42D5A9d0d8112922
  • accessLevel: 1
  • ipfsHash: 0xa4da1c686491e35541aa7e2659d55d0b93e395a89d1b268981aec3b8b2227bc1

createProposal() Parameters

{
    "payloads": [
        {
            "chain": "1",
            "accessLevel": 1,
            "payloadsController": "0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5",
            "payloadId": 227
        }
    ],
    "votingPortal": "0x9b24C168d6A76b5459B1d47071a54962a4df36c3",
    "ipfsHash": "0xa4da1c686491e35541aa7e2659d55d0b93e395a89d1b268981aec3b8b2227bc1"
}

Aave Seatbelt Report

Proposal Report Link to Seatbelt proposal report

Payload Reports

Technical Analysis

We have reviewd the specified parameters have changed to desired numbers.

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.