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v3-227-aave-v3-Ethereum-Lido-direct-gho-mint.md

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Proposal 227. Deploy 10M GHO into Aave v3 Lido Instance

Voting Link

Link to voting page

Governance Forum Discussion

Link to forum discussion

Payloads

Certora Analysis

Proposal Types

  • 💰 🧾 Asset transfers
  • 🤝 Permission granting and revoking

Context

Due to demand of stablecoin borrows with LST collateral, and specifically wstETH-stable, the DAO sees value in bootstrapping an initial liquidity of Gho to the Lido specialized instance to provide risk buffer to gho liquidity providers.

Proposal Creation

Transaction: 0x312eaf4ea70b4c2ae22b082832a71e689c00f3829b222026e43a22c746893074

  • proposalId: 227
  • creator: 0x57ab7ee15cE5ECacB1aB84EE42D5A9d0d8112922
  • accessLevel: 1
  • ipfsHash: 0x04c9882cee6c4dc847234ee6eef6bf81e75c1ded63ab00db2745012c602c2820

createProposal() Parameters

{
    payloads: [
        {
            chain: "1",
            payloads_controller: "0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5",
            payload_id: 229,
        },
    ],
    voting_portal: "0x9b24C168d6A76b5459B1d47071a54962a4df36c3",
    ipfs_hash: "0x04c9882cee6c4dc847234ee6eef6bf81e75c1ded63ab00db2745012c602c2820",
    access_level: 1,
}

Aave Seatbelt Report

Proposal Report

Link to Seatbelt proposal report

Payload Reports

Technical Analysis

  1. The payload grants the GhoDirectMinter the necessary risk_admin role so the GhoDirectMinter will be able to change the gho supply cap as per the implementation strategy.

  2. The payload also mints and supply 10M gho to the Lido instance.

  3. The paylaod sets the GhoDirectMinter as a facilitator controlled by the GhoBucketSteward

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.