KVORUM
aaveSource: Aave governor v2 · #277

Gauntlet Risk Parameter Updates for Ethereum v3, Arbitrum v3, Ethereum v2

executedJul 29, 2023, 07:30 AM UTCby680x683a…6c02

01Summary

AISummary by Kvorumclaude-haiku-4-5

Gauntlet recommends parameter adjustments across Ethereum v3, Arbitrum v3, and Ethereum v2 Aave protocols. Changes include increasing DAI LTV to 77% on Ethereum v3, adjusting USDC and WSTETH parameters on Ethereum v3, increasing LINK liquidation threshold on Arbitrum v3, and decreasing SNX liquidation threshold on Ethereum v2.

Type
parameter change

Key changes

  • Ethereum v3: DAI Loan To Value increased from 67% to 77%(medium)
  • Ethereum v3: USDC Liquidation Threshold increased from 79% to 80%(low)
  • Ethereum v3: WSTETH Liquidation Bonus decreased from 7% to 6%(medium)
  • Arbitrum v3: LINK Liquidation Threshold increased from 75% to 77.5%(low)
  • Ethereum v2: SNX Liquidation Threshold decreased from 62% to 59%(medium)
Contracts0x0c9c38cb9480b86c1f624613749b02379b0448ce0xf7c3350757de224bdb2b77a3943c8667acee3d370xac63290bc16fbc33353b14f139cef1c660ba56f0
Generated by Kvorum
model: claude-haiku-4-5
provider: anthropic
profile: anthropic-fast-v1
prompt: v1.0
generated: 2mo ago
Read the description ↗

02Description

493 words

Summary

Gauntlet recommends parameter changes on Ethereum v3, Arbitrum v3, Ethereum v2. For more details, see the full forum post here.

Motivation

These parameter updates are a continuation of Gauntlet’s regular parameter recommendations. Our simulation engine has ingested the latest market data (outlined below) to recalibrate parameters for the Ethereum v3, Ethereum v2, and Arbitrum Aave v3 protocols.

Specification

Ethereum v3

ParameterCurrent ValueRecommended Value
DAI Loan To Value67%77%
USDC Liquidation Threshold79%80%
WSTETH Liquidation Bonus7%6%

Arbitrum v3

ParameterCurrent ValueRecommended Value
LINK Liquidation Threshold75%77.5%

Ethereum v2

ParameterCurrent ValueRecommended Value
SNX Liquidation Threshold62%59%

Implementation

The proposal implements changes on Ethereum v3, Arbitrum v3, Ethereum v2 using the following pre-deployed payloads:

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

AIMismatch analysis by Kvorummedium confidenceclaude-sonnet-5
Consistent

The proposal describes three parameter-update payloads to be executed: Ethereum V3, Arbitrum V3, and Ethereum V2, each identified by a specific pre-deployed contract address. All three addresses in the decoded calldata match exactly (case-insensitive) the addresses listed in the Implementation section of the description: action 1 targets the Ethereum V3 payload, action 2 targets the Ethereum V2 payload, and action 0 forwards execution (via a standard cross-chain controller call) to the Arbitrum V3 payload address. No extra targets, unexpected transfers, or role changes appear in the calldata, and no claimed payload is missing. The cross-chain relay call in action 0 is a routine mechanical step required to execute an L2 payload from L1 governance and is reasonably omitted from the prose as boilerplate. Because the actual parameter changes (LTV, liquidation threshold, liquidation bonus values) are encoded inside the pre-deployed payload contracts rather than decoded in this calldata, I cannot directly verify the numeric values quoted in the specification table against on-chain state — hence medium rather than high confidence. However, based on target-address correspondence and the standard Aave governance pattern (execute() calls to pre-vetted payload contracts), there is no evidence of a mismatch between the description and the decoded actions.

Generated by Kvorum
model: claude-sonnet-5
provider: anthropic
profile: anthropic-strong-v1
prompt: v1.0
generated: 2mo ago
Review the decoded actions ↗

04Actions

3 total
#0execute(address)chain 0x1
Target
0xd1b3…cfa3
Value
0 wei
Function
execute(address)
Arguments
{
  "0": "0xaC63290BC16fBc33353b14f139cEf1c660ba56F0"
}
Calldata
#1fallback()chain 0x1
Target
0x0c9c…48ce
Value
0 wei
Function
fallback()
Arguments
{}
Calldata
#2fallback()chain 0x1
Target
0xf7c3…3d37
Value
0 wei
Function
fallback()
Arguments
{}
Calldata

05Tally

Summed from votes

Voters0
VP participating0
Outcome (current)—
Current support—

06Voters

0 total

No votes recorded yet.

07Forum

No forum thread is confidently linked to this proposal.