Risk Parameter Updates for Aave V2 ETH Market (2022-11-13)
01Summary
Proposal to freeze the CVX (Convex) market on Aave V2 ETH due to current market volatility, implemented by calling freezeReserve on the LendingPoolConfigurator contract.
- Type
- parameter change
Key changes
- Freeze CVX market on Aave V2 ETH by calling freezeReserve method on LendingPoolConfigurator(high)
Notable concerns
- CVX market is currently volatile, prompting precautionary freeze
Generated by Kvorum
02Description
aip: 118 title: Risk Parameter Updates for Aave V2 ETH Market (2022-11-13) status: Proposed author: Paul Lei, Nick Del Zingaro, Jonathan Reem, Nick Cannon, Nathan Lord, Watson Fu, Tony Salvatore, Sarah Chen shortDescription: Risk parameter updates discussions: https://governance.aave.com/t/arc-market-downturn-gauntlet-analysis-november-2022/10625 created: 2022-11-13
Summary
A proposal to make parameter changes on Aave V2 ETH.
Specification
Freeze CVX market on Aave V2 ETH. Given that the market situation of CVX is currently volatile, out of an abundance of caution, we recommend temporarily freezing CVX.
Implementation
We freeze the CVX market by calling the freezeReserve method on the LendingPoolConfigurator
Copyright
Copyright and related rights waived via CC0.
By approving this proposal, you agree that any services provided by Gauntlet shall be governed by the terms of service available at gauntlet.network/tos. This message is for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation for any security, nor does it constitute an offer to provide investment advisory or other services by Gauntlet Networks Inc. No reference to any specific security constitutes a recommendation to buy, sell or hold that security or any other security. Nothing in this report shall be considered a solicitation or offer to buy or sell any security, future, option or other financial instrument or to offer or provide any investment advice or service to any person in any jurisdiction. Nothing contained in this report constitutes investment advice or offers any opinion with respect to the suitability of any security, and the views expressed in this report should not be taken as advice to buy, sell or hold any security. The information in this report should not be relied upon for the purpose of investing. In preparing the information contained in this report, we have not taken into account the investment needs, objectives and financial circumstances of any particular investor. This information has no regard to the specific investment objectives, financial situation and particular needs of any specific recipient of this information and investments discussed may not be suitable for all investors. Any views expressed in this report by us were prepared based upon the information available to us at the time such views were written. Changed or additional information could cause such views to change. All information is subject to possible correction. Information may quickly become unreliable for various reasons, including changes in market conditions or economic circumstances.
03Mismatch analysis
The proposal describes a single, narrowly-scoped action: freezing the CVX reserve on Aave V2 ETH via the LendingPoolConfigurator's freezeReserve method, motivated by market volatility. The decoded calldata contains exactly one action, calling freezeReserve(address) on a contract address consistent with Aave V2's LendingPoolConfigurator, passing an asset address consistent with the CVX token. There is a one-to-one correspondence between the described action and the on-chain action: same function, same target contract type, and the asset parameter aligns with the stated intent to freeze CVX. No additional actions, transfers, role changes, or parameter values appear in the calldata beyond what is described, and no claimed action is missing from the calldata. Given the straightforward, single-action nature of this proposal and the clear match between the described freeze operation and the decoded freezeReserve call, this is assessed as fully consistent with high confidence.
Generated by Kvorum
04Actions
- Target
- 0x311b…5756
- Value
- 0 wei
- Function
- freezeReserve(address)
- Arguments
{ "asset": "0x4e3FBD56CD56c3e72c1403e103b45Db9da5B9D2B" }- Calldata
05Tally
Summed from votes
06Voters
No votes recorded yet.
07Forum
- [ARC] Market Downturn: Gauntlet Analysis November 2022 ↗discourse · high confidence
Arguments for
None surfaced.
Arguments against
None surfaced.
Notable participants
- PauljleiGauntlet analyst who presented comprehensive risk analysis of Aave V2 ETH market and proposed temporary freezing of REN, CVX, and BAL assets.
Generated by Kvorum
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