KVORUM
aaveSource: Aave governor v2 · #318

Freeze MAI/MIMATIC, set LTV -> 0 for Arbitrum, Avalanche, Polygon, Optimism v3

executedSep 12, 2023, 03:19 PM UTCby680x683a…6c02

01Summary

AISummary by Kvorumclaude-haiku-4-5

Gauntlet recommends freezing MAI/MIMATIC reserves and setting LTV to 0 across Arbitrum, Optimism, Polygon, and Avalanche due to the asset trading below its $1 peg (currently at 0.88), following a previous drawdown to 0.94 in July.

Type
parameter change

Key changes

  • Freeze MAI/MIMATIC reserve on Arbitrum(high)
  • Freeze MAI/MIMATIC reserve on Optimism(high)
  • Freeze MAI/MIMATIC reserve on Polygon(high)
  • Freeze MAI/MIMATIC reserve on Avalanche(high)
  • Set MAI/MIMATIC LTV to 0 across all four chains(high)

Notable concerns

  • MAI/MIMATIC has fallen to 0.88, significantly below its intended $1 peg
  • This represents a continuation of depeg issues, following a previous drawdown to 0.94 in July
  • Freezing the reserve and setting LTV to 0 will prevent further use of this asset as collateral
Contracts0xF22c8255eA615b3Da6CA5CF5aeCc8956bfF07Aa80x24bdAcf6bbEBAf567123Da16CDb79A266597e92B0x2ee993533a482fe0f22d0FdF1B84AE1a0537E5ed0xc12ad8b3d242b1eddc1c8319d1d58608e67043ed
Generated by Kvorum
model: claude-haiku-4-5
provider: anthropic
profile: anthropic-fast-v1
prompt: v1.0
generated: 2mo ago
Read the description ↗

02Description

188 words

Summary

Given the MAI/MIMATIC drawdown to 0.88 over the past 24 hours, after the July drawdown to 0.94, MAI/MIMATIC has been trading outside of its intended peg to $1. Gauntlet recommends freezing MAI/MIMATIC and setting MAI/MIMATIC LTV -> 0.

Specification

ChainAssetAction
ArbitrumMAI/MIMATICFreeze Reserve, set LTV -> 0
OptimismMAI/MIMATICFreeze Reserve, set LTV -> 0
AvalancheMAI/MIMATICFreeze Reserve, set LTV -> 0
PolygonMAI/MIMATICFreeze Reserve, set LTV -> 0

Implementation

The proposal implements changes on Arbitrum, Optimism, Polygon, Avalanche v3 using the following pre-deployed payloads:

Changes on Avalanche can be implemented using the pre-deployed steward located at 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

AIMismatch analysis by Kvorumclaude-sonnet-5
Consistent

The description lists four chains (Arbitrum, Optimism, Polygon, Avalanche) where the MAI/MIMATIC reserve should be frozen and its LTV set to 0, and it explicitly names the pre-deployed payload addresses for Arbitrum, Optimism, and Polygon, plus a separately-noted steward address for Avalanche ('can be implemented using the pre-deployed steward'). The decoded calldata contains exactly three actions, each calling execute(address) on a mainnet governance executor with the corresponding Arbitrum, Optimism, and Polygon payload addresses — matching the addresses stated in the description exactly. Avalanche is not represented as an on-chain action in this proposal, which is consistent with the description's wording that Avalanche changes 'can be implemented using' a separate steward mechanism rather than being part of this specific governance vote's execute calls. There are no value mismatches, no unexpected targets, and no omitted high-impact actions relative to what the prose describes for the three included chains. Given the exact address matches and the fact that Avalanche's separate handling is explicitly signaled in the prose, I find no discrepancy worth flagging.

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": "0xF22c8255eA615b3Da6CA5CF5aeCc8956bfF07Aa8"
}
Calldata
#1execute(address)chain 0x1
Target
0x5f5c…6711
Value
0 wei
Function
execute(address)
Arguments
{
  "0": "0x24bdAcf6bbEBAf567123Da16CDb79A266597e92B"
}
Calldata
#2execute(address)chain 0x1
Target
0x158a…d45b
Value
0 wei
Function
execute(address)
Arguments
{
  "0": "0x2ee993533a482fe0f22d0FdF1B84AE1a0537E5ed"
}
Calldata

05Tally

Summed from votes

Voters46
VP participating690.5K
Outcome (current)For
Current support100%

06Voters

46 total
Filter:
VoterChoice% of totalRationale
130x13bd…8548For109K15.78%—3y ago
070x0703…961bFor107.2K15.53%—3y ago
320x329c…3ed4For106.4K15.41%—3y ago
B80xb83b…cf5cFor84.6K12.25%—3y ago
620x62a4…816aFor81.5K11.80%—3y ago
EA0xea17…6676For46.5K6.74%—3y ago
B90xb933…8dd1For44.1K6.38%—3y ago
2C0x2cc1…4df1For28.3K4.10%—3y ago
7A0x7ae1…e585For26.7K3.86%—3y ago
570x57ab…2922For24K3.47%—3y ago
E40xe459…e666For20K2.90%—3y ago
EZezr3al.eth0x8659…7d0eFor9K1.31%—3y ago
180x1855…98baFor3K0.43%—3y ago
5A0x5acb…eedfFor2820.04%—3y ago
BD0xbd16…a962For32.30.00%—3y ago
DF0xdf06…4977For27.30.00%—3y ago
F50xf5fe…f6fbAgainst10.20.00%—3y ago
A70xa772…6171For2.10.00%—3y ago
010x0151…c3b9For1.20.00%—3y ago
F60xf64a…0f66For1.10.00%—3y ago
8C0x8c69…87bbFor10.00%—3y ago
730x7306…c011For10.00%—3y ago
B90xb9f1…36d4For10.00%—3y ago
D40xd492…41f2For0.20.00%—3y ago
4F0x4fa5…14c1For0.20.00%—3y ago
C20xc203…4cf8For0.10.00%—3y ago
E80xe861…cf9fFor0.10.00%—3y ago
060x0609…fde1For0.10.00%—3y ago
150x156c…80d2For0.10.00%—3y ago
340x3496…126bFor0.10.00%—3y ago
CC0xcc4f…f54eFor0.10.00%—3y ago
500x50d2…5318For0.10.00%—3y ago
570x573c…653aFor0.10.00%—3y ago
390x391b…b875For0.10.00%—3y ago
8C0x8c92…1884For0.10.00%—3y ago
560x560f…07c3For0.10.00%—3y ago
FB0xfbdb…ee14For0.10.00%—3y ago
6D0x6de8…91c8For0.10.00%—3y ago
A00xa032…f115For0.10.00%—3y ago
D60xd6b1…7803For00.00%—3y ago
A90xa9b7…a84fAgainst00.00%—3y ago
B50xb5c0…aa62For00.00%—3y ago
1A0x1a74…b800For00.00%—3y ago
7A0x7aa6…5270For00.00%—3y ago
7D0x7d2b…1ac5For00.00%—3y ago
AE0xaeb5…1a26For00.00%—3y ago
Showing 46

07Forum

No forum thread is confidently linked to this proposal.