Risk Parameter Updates for Aave V2 ETH Market (2022-11-22)
01Summary
Proposal to temporarily freeze 17 volatile markets on Aave V2 ETH (YFI, CRV, ZRX, MANA, 1INCH, BAT, sUSD, ENJ, GUSD, AMPL, RAI, USDP, LUSD, xSUSHI, DPI, renFIL, MKR) due to current market volatility by calling freezeReserve on the LendingPoolConfigurator contract.
- Type
- parameter change
Key changes
- Freeze YFI market on Aave V2 ETH(medium)
- Freeze CRV market on Aave V2 ETH(medium)
- Freeze ZRX market on Aave V2 ETH(medium)
- Freeze MANA market on Aave V2 ETH(medium)
- Freeze 1INCH market on Aave V2 ETH(medium)
- Freeze BAT market on Aave V2 ETH(medium)
- Freeze sUSD market on Aave V2 ETH(medium)
- Freeze ENJ market on Aave V2 ETH(medium)
Notable concerns
- Proposal freezes 17 markets simultaneously, preventing new deposits and borrowing activity on these assets
- Action taken due to market volatility without specification of conditions for unfreezing markets
Generated by Kvorum
02Description
Summary
A proposal to make parameter changes on Aave V2 ETH. Given that the market situation of these assets is currently volatile, out of an abundance of caution, we recommend temporarily freezing the following markets:
- YFI
- CRV
- ZRX
- MANA
- 1INCH
- BAT
- sUSD
- ENJ
- GUSD
- AMPL
- RAI
- USDP
- LUSD
- xSUSHI
- DPI
- renFIL
- MKR
Specification
Freeze the YFI, CRV, ZRX, MANA, 1inch, BAT, sUSD, ENJ, GUSD, AMPL, RAI, USDP, LUSD, xSUSHI, DPI, renFIL, and MKR markets on Aave V2 ETH.
Implementation
We freeze the YFI, CRV, ZRX, MANA, 1inch, BAT, sUSD, ENJ, GUSD, AMPL, RAI, USDP, LUSD, xSUSHI, DPI, renFIL, and MKR markets 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 freezing 17 specific Aave V2 ETH markets (YFI, CRV, ZRX, MANA, 1INCH, BAT, sUSD, ENJ, GUSD, AMPL, RAI, USDP, LUSD, xSUSHI, DPI, renFIL, MKR) via freezeReserve calls on the LendingPoolConfigurator contract. The decoded calldata contains exactly 17 actions, all calling freezeReserve(address) on the same LendingPoolConfigurator target address (0x311bb...), each targeting the known mainnet token address for the respective asset in the same order as listed in the description. I verified each asset address against its well-known mainnet contract address (e.g., YFI 0x0bc529..., CRV 0xD533a9..., MKR 0x9f8F72..., etc.) and all 17 correspond correctly to the assets named. No extra actions, no missing assets, no value transfers, and no target mismatches were found. The action count, order, and semantics fully align with the prose description with no numeric parameters to compare (freezeReserve takes only an address, no percentage or threshold values). This is a straightforward, well-formed proposal with full correspondence between narrative and calldata.
Generated by Kvorum
04Actions
- Target
- 0x311b…5756
- Value
- 0 wei
- Function
- freezeReserve(address)
- Arguments
{ "asset": "0x0bc529c00C6401aEF6D220BE8C6Ea1667F6Ad93e" }- Calldata
- Target
- 0x311b…5756
- Value
- 0 wei
- Function
- freezeReserve(address)
- Arguments
{ "asset": "0xD533a949740bb3306d119CC777fa900bA034cd52" }- Calldata
- Target
- 0x311b…5756
- Value
- 0 wei
- Function
- freezeReserve(address)
- Arguments
{ "asset": "0xE41d2489571d322189246DaFA5ebDe1F4699F498" }- Calldata
- Target
- 0x311b…5756
- Value
- 0 wei
- Function
- freezeReserve(address)
- Arguments
{ "asset": "0x0F5D2fB29fb7d3CFeE444a200298f468908cC942" }- Calldata
- Target
- 0x311b…5756
- Value
- 0 wei
- Function
- freezeReserve(address)
- Arguments
{ "asset": "0x111111111117dC0aa78b770fA6A738034120C302" }- Calldata
- Target
- 0x311b…5756
- Value
- 0 wei
- Function
- freezeReserve(address)
- Arguments
{ "asset": "0x0D8775F648430679A709E98d2b0Cb6250d2887EF" }- Calldata
- Target
- 0x311b…5756
- Value
- 0 wei
- Function
- freezeReserve(address)
- Arguments
{ "asset": "0x57Ab1ec28D129707052df4dF418D58a2D46d5f51" }- Calldata
- Target
- 0x311b…5756
- Value
- 0 wei
- Function
- freezeReserve(address)
- Arguments
{ "asset": "0xF629cBd94d3791C9250152BD8dfBDF380E2a3B9c" }- Calldata
- Target
- 0x311b…5756
- Value
- 0 wei
- Function
- freezeReserve(address)
- Arguments
{ "asset": "0x056Fd409E1d7A124BD7017459dFEa2F387b6d5Cd" }- Calldata
- Target
- 0x311b…5756
- Value
- 0 wei
- Function
- freezeReserve(address)
- Arguments
{ "asset": "0xD46bA6D942050d489DBd938a2C909A5d5039A161" }- Calldata
- Target
- 0x311b…5756
- Value
- 0 wei
- Function
- freezeReserve(address)
- Arguments
{ "asset": "0x03ab458634910AaD20eF5f1C8ee96F1D6ac54919" }- Calldata
- Target
- 0x311b…5756
- Value
- 0 wei
- Function
- freezeReserve(address)
- Arguments
{ "asset": "0x8E870D67F660D95d5be530380D0eC0bd388289E1" }- Calldata
- Target
- 0x311b…5756
- Value
- 0 wei
- Function
- freezeReserve(address)
- Arguments
{ "asset": "0x5f98805A4E8be255a32880FDeC7F6728C6568bA0" }- Calldata
- Target
- 0x311b…5756
- Value
- 0 wei
- Function
- freezeReserve(address)
- Arguments
{ "asset": "0x8798249c2E607446EfB7Ad49eC89dD1865Ff4272" }- Calldata
- Target
- 0x311b…5756
- Value
- 0 wei
- Function
- freezeReserve(address)
- Arguments
{ "asset": "0x1494CA1F11D487c2bBe4543E90080AeBa4BA3C2b" }- Calldata
- Target
- 0x311b…5756
- Value
- 0 wei
- Function
- freezeReserve(address)
- Arguments
{ "asset": "0xD5147bc8e386d91Cc5DBE72099DAC6C9b99276F5" }- Calldata
- Target
- 0x311b…5756
- Value
- 0 wei
- Function
- freezeReserve(address)
- Arguments
{ "asset": "0x9f8F72aA9304c8B593d555F12eF6589cC3A579A2" }- Calldata
05Tally
Summed from votes
06Voters
No votes recorded yet.
07Forum
No forum thread is confidently linked to this proposal.
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