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v3-26-deprecate-aave-v2-amm-market-step2.md

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Proposal 26. Deprecate Aave V2 AMM Market - Step 2.


Voting link

https://vote.onaave.com/proposal/?proposalId=26


Governance forum discussion

https://governance.aave.com/t/arfc-deprecate-aave-v2-amm-market-step-2/16408/1


Payloads


Certora analysis


Proposal types

🔧 📊 configuration update


Context

This proposal changes the reserve factors, Variable Bases and Variable Slope1's of the following assets on Aave-V2-EthereumAMM: DAI, USDC, USDT, wETH, wBTC, in order to encourage people to migrate from Ethereum-AMM v2 to v3.


Proposal creation

Transaction: https://etherscan.io/tx/0xfb2218bb6631a1a31aeaf9eb3d8038a60cd515e155074bd258b9ef8571370a29

- proposalId: 26
- creator: 0x683a4f9915d6216f73d6df50151725036bd26c02
- accessLevel: 1
- ipfsHash: 0x599229f841648a3d59bfd25079ff627f2b631856d494db31e3c219a0b53818b3

createProposal() parameters

{
  "payloads": [
    {
      "chain": "1",
      "accessLevel": 1,
      "payloadsController": "0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5",
      "payloadId": "61"
    },
  ],
  "votingPortal": "0x9b24C168d6A76b5459B1d47071a54962a4df36c3",
  "ipfsHash": "0x599229f841648a3d59bfd25079ff627f2b631856d494db31e3c219a0b53818b3"
}

Aave Seatbelt report

Proposal report

https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/proposals/26.md

Payload reports


Technical analysis

We have verified that the payload modifies the reserve factor, Variable Base and Variable Slope1 of the following tokens:

RF:

DAI: From: 10% To: 99%

USDC: From: 10% To: 99%

USDT: From: 10% To: 99%

wETH: From: 10% To: 99%

wBTC: From: 20% To: 99%

Variable Base:

DAI: To: 4%

USDC: To: 4%

USDT: To: 6%

wETH: To: 6%

wBTC: To: 5%

Variable Slope1:

DAI: To: 10%

USDC: To: 10%

USDT: To: 10%

wETH: To: 8%

wBTC: To: 8%

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.