226-aave-v3-ethereum-caps-update.md

Proposal 226. Aave v3 Ethereum - Caps update

Voting link

https://app.aave.com/governance/proposal/?proposalId=226

Governance forum discussion

https://governance.aave.com/t/arc-gauntlet-recommendations-for-lusd-eth-v3/13039

BGD analysis

Proposal types

🔧 📊 params-update

Context

This proposal updates the borrow cap of LUSD on Aave v3 Ethereum.

Proposal creation

Transaction: https://etherscan.io/tx/0xeda0b55f96a728d23dca9944a1a24a8ed258789d4fe490c008bc219dbf3e2ceb

- id: 226
- creator: 0x683a4f9915d6216f73d6df50151725036bd26c02
- executor: 0xee56e2b3d491590b5b31738cc34d5232f378a8d5
- targets: [0x0568a3aeb8e78262deff75ee68fac20ae35ffa91]
- values: [0]
- signatures: [execute()]
- calldatas: [0x]
- withDelegatecalls: [true]
- startBlock: 17276665
- endBlock: 17295865
- strategy: 0xb7e383ef9b1e9189fc0f71fb30af8aa14377429e
- ipfsHash: 0x37e7b80ec62a713b147db9c55d9cbd6b781ec16f38c7b4a4eaeaece7dc0fffae

Aave Seatbelt reports

https://github.com/bgd-labs/seatbelt-for-ghosts/blob/main/reports/Aave/0xEC568fffba86c094cf06b22134B23074DFE2252c/226.md

Technical analysis

From a technical perspective, we have verified the proposal payload correctly uses the new BGD's Aave Config Engine of Aave v3 Ethereum, to update the LUSD borrow cap from 2'400'000 LUSD to 4'000'000 LUSD.

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.