292-aave-v2-ethereum-crv-risk-params-update.md

Proposal 292. Aave v2 Ethereum - CRV risk parameters update

Voting link

https://app.aave.com/governance/proposal/?proposalId=292

Governance forum discussion

https://governance.aave.com/t/post-vyper-exploit-crv-market-update-and-recommendations/14214/43

BGD analysis

Proposal types

🔧 📊 params-update

Context

This proposal reduces the Liquidation Threshold (LT) of CRV by 6% on Aave v2 Ethereum.

Proposal creation

Transaction: https://etherscan.io/tx/0x57cb507317fdae61c9ca98b457dfe8b338336b36d7ac17a124f1fb51d0547261

- id: 292
- creator: 0x329c54289ff5d6b7b7dae13592c6b1eda1543ed4
- executor: 0xee56e2b3d491590b5b31738cc34d5232f378a8d5
- targets: [0xaf07c70420f6471329b5a32f0fa77776fba7147c]
- values: [0]
- signatures: [execute()]
- calldatas: [0x]
- withDelegatecalls: [true]
- startBlock: 17883658
- endBlock: 17902858
- strategy: 0xb7e383ef9b1e9189fc0f71fb30af8aa14377429e
- ipfsHash: 0xf3f1a5c3cdd7988a70e0add08acbdd5fe2494c31654bda232552d04634793da6

Aave Seatbelt report

Ethereum

https://github.com/bgd-labs/seatbelt-for-ghosts/blob/main/reports/Aave/0xEC568fffba86c094cf06b22134B23074DFE2252c/292.md

Technical analysis

We have verified the proposal payload properly reduces the LT of CRV to 49% (from 55%) on Aave v2 Ethereum, by interacting with the Pool Configurator contract.

The proposal is consistent with the discussions on 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.