Gauntlet Recommendation to reduce CRV LT, LTV, debt ceiling on V3 Ethereum and CRV LT, LTV on V3 Polygon
01Summary
Gauntlet proposes reducing CRV risk parameters on Aave V3 Ethereum and Polygon: on Ethereum, lower LT from 61% to 41%, LTV from 55% to 35%, and debt ceiling from $20m to $5m; on Polygon, lower LT from 75% to 65% and LTV from 70% to 35%, citing declining DEX liquidity and associated risk factors.
- Type
- parameter change
Key changes
- Reduce CRV LT on V3 Ethereum from 61% to 41%(high)
- Reduce CRV LTV on V3 Ethereum from 55% to 35%(high)
- Reduce CRV debt ceiling on V3 Ethereum from $20m to $5m(high)
- Reduce CRV LT on V3 Polygon from 75% to 65%(high)
- Reduce CRV LTV on V3 Polygon from 70% to 35%(high)
Notable concerns
- Declining DEX liquidity for CRV
- Associated risk factors for CRV collateral
Generated by Kvorum
02Description
Summary
Gauntlet recommends reducing the LT and LTV for CRV on V3 Ethereum and Polygon, as well as the debt ceiling for CRV on V3 Ethereum. For more details, see the full forum post here.
Motivation
Given the declines in DEX liquidity for CRV and other associated risk factors for CRV, Gauntlet recommends reducing the LT and LTV for CRV on V3 Ethereum and Polygon, as well as the debt ceiling for CRV on v3 Ethereum.
Specification
- Reduce CRV LT from 61% to 41%, LTV from 55% to 35%, debt ceiling from $20m to $5m on V3 Ethereum.
- Reduce CRV LT from 75% to 65% and LTV from 70% to 35% on V3 Polygon.
Implementation
The proposal implements changes to CRV LT, LTV, and debt ceiling on V3 Ethereum and Polygon using the following pre-deployed payloads:
- Ethereum:
0x7aa759a57c6b039a93e93683facd14209ee9a3dd - Polygon:
0xc12ad8b3d242b1eddc1c8319d1d58608e67043ed
Disclaimer
Gauntlet has not received any compensation from any third-party in exchange for recommending any of the actions contained in this proposal.
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.
03Mismatch analysis
The proposal description names two specific pre-deployed payload contracts — one for Ethereum (0x7aa759a57c6b039a93e93683facd14209ee9a3dd) and one for Polygon (0xc12ad8b3d242b1eddc1c8319d1d58608e67043ed) — that implement the described CRV LT/LTV/debt-ceiling reductions. The decoded calldata shows action 0 directly calling execute() on the Ethereum payload address, an exact match. Action 1 calls execute(address) on a separate Ethereum contract, passing the Polygon payload address as an argument; this is the standard Aave cross-chain governance pattern where an Ethereum-based executor relays execution to the target network's payload, and the passed address exactly matches the Polygon payload cited in the description. Both target addresses referenced in the description are present and correctly wired into the calldata, so there is no target mismatch. The actual numeric parameter changes (LT, LTV, debt ceiling values) are encoded inside the payload contracts' bytecode, not visible in this top-level calldata (both calls are parameterless execute() invocations), so I cannot independently verify the exact percentages from calldata alone — this limits confidence to medium rather than high. However, nothing in the decoded actions contradicts or extends beyond what the description claims, and no unexpected targets, transfers, or extra actions are present. Overall, the description and calldata are consistent within the limits of what can be observed from the decoded top-level calls.
Generated by Kvorum
04Actions
- Target
- 0x7aa7…a3dd
- Value
- 0 wei
- Function
- fallback()
- Arguments
{}- Calldata
- Target
- 0x158a…d45b
- Value
- 0 wei
- Function
- execute(address)
- Arguments
{ "0": "0xc12aD8B3D242B1EDdc1C8319D1d58608E67043eD" }- Calldata
05Tally
Summed from votes
06Voters
| Voter | Choice | % of total | Rationale | ||
|---|---|---|---|---|---|
| 320x329c…3ed4 | For | 235.1K | 46.49% | — | 3y ago |
| B80xb83b…cf5c | For | 80.4K | 15.90% | — | 3y ago |
| 130x13bd…8548 | For | 80.4K | 15.90% | — | 3y ago |
| B90xb933…8dd1 | For | 44.1K | 8.72% | — | 3y ago |
| 7A0x7ae1…e585 | For | 26.7K | 5.27% | — | 3y ago |
| E40xe459…e666 | For | 20K | 3.95% | — | 3y ago |
| EA0xea17…6676 | For | 15.4K | 3.04% | — | 3y ago |
| 180x1855…98ba | For | 3K | 0.59% | — | 3y ago |
| 2C0x2cc1…4df1 | For | 626.7 | 0.12% | — | 3y ago |
| DF0xdf06…4977 | For | 27.3 | 0.01% | — | 3y ago |
| E40xe4c2…dce8 | For | 6 | 0.00% | — | 3y ago |
| 680x680a…5d5f | For | 2.7 | 0.00% | — | 3y ago |
| 340x3486…e8de | For | 1.5 | 0.00% | — | 3y ago |
| 350x3510…4c50 | For | 1.2 | 0.00% | — | 3y ago |
| A50xa548…0ab0 | For | 1 | 0.00% | — | 3y ago |
| B90xb9f1…36d4 | For | 0.5 | 0.00% | — | 3y ago |
| 920x92bf…b3b9 | For | 0.3 | 0.00% | — | 3y ago |
| 500x50e3…c3d1 | For | 0.2 | 0.00% | — | 3y ago |
| EC0xecd0…6d74 | For | 0.2 | 0.00% | — | 3y ago |
| EF0xefcd…b39c | For | 0.1 | 0.00% | — | 3y ago |
| DF0xdf11…e568 | For | 0.1 | 0.00% | — | 3y ago |
| FB0xfb0a…33ac | For | 0.1 | 0.00% | — | 3y ago |
| 500x50d2…5318 | For | 0.1 | 0.00% | — | 3y ago |
| 340x3496…126b | For | 0.1 | 0.00% | — | 3y ago |
07Forum
No forum thread is confidently linked to this proposal.
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