v3-188-aave-v2+v3-multichain-reserve-factor-updates-mid-october.md

Proposal 188. Reserve Factor Updates Mid October.

Voting link

https://vote.onaave.com/proposal/?proposalId=188

Governance forum discussion

https://governance.aave.com/t/arfc-polygon-v2-borrow-rate-adjustments/17252/13

https://governance.aave.com/t/arfc-avalanche-v2-reserve-factor-adjustment/17040/13

https://governance.aave.com/t/arfc-ethereum-v2-reserve-factor-adjustment/16764/18

https://governance.aave.com/t/arfc-increase-bridged-usdc-reserve-factor-across-all-deployments/17787/10

Payloads

• Ethereum - proposal payloads

• Polygon V2 - proposal payloads

• Polygon V3 - proposal payloads

• Avalanche - proposal payloads

• Optimism - proposal payloads

• Arbitrum - proposal payloads

• Base - proposal payloads

• Gnosis - proposal payloads

Certora analysis

Proposal types

🔧 📊 configuration update

Context

This proposal sets new reserves factor across Aave deployments and sets slope1 parameter on Polygon assets.

Proposal creation

Transaction: https://etherscan.io/tx/0x30290721ed0473157448205357873f1062fdb083972a16b9a16875cd567e6463

- proposalId: 188
- creator: 0x57ab7ee15cE5ECacB1aB84EE42D5A9d0d8112922
- accessLevel: 1
- ipfsHash: 0xb772c95bee85b137bb8b63e62f70427ff7f937514eda46aa757d4053e65ba5e9

createProposal() parameters

{
  "payloads": [
    {
      "chain": "1",
      "accessLevel": "1",
      "payloadsController": "0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5",
      "payloadId": "195"
    },
    {
      "chain": "137",
      "accessLevel": "1",
      "payloadsController": "0x401B5D0294E23637c18fcc38b1Bca814CDa2637C",
      "payloadId": "87"
    },
    {
      "chain": "43114",
      "accessLevel": "1",
      "payloadsController": "0x1140CB7CAfAcC745771C2Ea31e7B5C653c5d0B80",
      "payloadId": "59"
    },
    {
      "chain": "10",
      "accessLevel": "1",
      "payloadsController": "0x0E1a3Af1f9cC76A62eD31eDedca291E63632e7c4",
      "payloadId": "55"
    },
    {
      "chain": "42161",
      "accessLevel": "1",
      "payloadsController": "0x89644CA1bB8064760312AE4F03ea41b05dA3637C",
      "payloadId": "57"
    },
    {
      "chain": "8453",
      "accessLevel": "1",
      "payloadsController": "0x2DC219E716793fb4b21548C0f009Ba3Af753ab01",
      "payloadId": "43"
    },
    {
      "chain": "100",
      "accessLevel": "1",
      "payloadsController": "0x9A1F491B86D09fC1484b5fab10041B189B60756b",
      "payloadId": "36"
    },
  ],
  "votingPortal": "0x9b24C168d6A76b5459B1d47071a54962a4df36c3",
  "ipfsHash": "0xb772c95bee85b137bb8b63e62f70427ff7f937514eda46aa757d4053e65ba5e9"
}

Aave Seatbelt report

Proposal report

https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/proposals/188.md

Payload reports

• Ethereum - https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/payloads/1/0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5/195.md

• Polygon - https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/payloads/137/0x401B5D0294E23637c18fcc38b1Bca814CDa2637C/87.md

• Avalanche - https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/payloads/43114/0x1140CB7CAfAcC745771C2Ea31e7B5C653c5d0B80/59.md

• Optimism - https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/payloads/10/0x0E1a3Af1f9cC76A62eD31eDedca291E63632e7c4/55.md

• Arbitrum - https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/payloads/42161/0x89644CA1bB8064760312AE4F03ea41b05dA3637C/57.md

• Base - https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/payloads/8453/0x2DC219E716793fb4b21548C0f009Ba3Af753ab01/43.md

• Gnosis - https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/payloads/100/0x9A1F491B86D09fC1484b5fab10041B189B60756b/36.md

Technical analysis

We have confirmed that the payload successfully adjusts the slope1 for the specified assets on Polygon and have also verified that it updates the reserve factor across Aave deployments.

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.