KVORUM
aaveSource: Aave governor v2 · #321

Gauntlet recommendation to set MAI/MIMATIC isolated debt ceiling to 0 for Arbitrum, Avalanche, Polygon, Optimism v3

canceledSep 18, 2023, 06:20 PM UTCby680x683a…6c02

01Summary

AISummary by Kvorumclaude-haiku-4-5

This proposal sets debt ceilings to 0 for MAI/MIMATIC across Arbitrum, Optimism, Polygon, and Avalanche v3 to prevent additional borrowing and supply of these assets and restrict collateral usage, following an earlier execution that froze MAI/MIMATIC and set LTV to 0.

Type
parameter change

Key changes

  • Set debt ceiling to 0 for MAI/MIMATIC on Arbitrum(high)
  • Set debt ceiling to 0 for MAI/MIMATIC on Optimism(high)
  • Set debt ceiling to 0 for MAI/MIMATIC on Polygon(high)
  • Set debt ceiling to 0 for MAI/MIMATIC on Avalanche v3(high)
  • Prevent additional borrowing and supply of MAI/MIMATIC(high)
  • Restrict borrowing against MAI collateral outside of emode(high)

Notable concerns

  • Debt ceiling changes limit user access to MAI/MIMATIC as collateral and borrowing capacity
  • Gauntlet exploring removal of MAI/MIMATIC from emode on Avalanche and Polygon v3 indicates ongoing risk management concerns
Contracts0x32f3A6134590fc2d9440663d35a2F0a6265F04c40x0568a3aeb8E78262dEFf75ee68fAC20ae35ffA910xf7C3350757DE224bdB2b77A3943C8667aCEE3d370x0cb2535d00cddfae5ed1aff2e5a0239fc947d17d
Generated by Kvorum
model: claude-haiku-4-5
provider: anthropic
profile: anthropic-fast-v1
prompt: v1.0
generated: 2mo ago
Read the description ↗

02Description

221 words

Summary

The AIP to freeze MAI/MIMATIC and set LTV -> 0 has been executed. This will prevent additional borrow and supply of MAI/MIMATIC, and additional borrow against MAI collateral outside of emode.

Given community preference for more caution, Gauntlet also recommends setting isolated debt ceilings to 0 for MAI/MIMATIC. This will further strengthen protection against potentially risky borrowing against MAI collateral.

Gauntlet is exploring ways to move MAI/MIMATIC out of emode for Avalanche and Polygon v3.

Specification

ChainAssetAction
ArbitrumMAI/MIMATICSet Debt Ceiling to 0
OptimismMAI/MIMATICSet Debt Ceiling to 0
AvalancheMAI/MIMATICSet Debt Ceiling to 0
PolygonMAI/MIMATICSet Debt Ceiling to 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 0x0cb2535d00cddfae5ed1aff2e5a0239fc947d17d

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 proposal description lists four chains (Arbitrum, Optimism, Avalanche, Polygon) where the MAI/MIMATIC debt ceiling should be set to 0, but explicitly notes that the Avalanche change is executed through a separate pre-deployed 'steward' contract rather than the standard cross-chain governance payload mechanism used for the other three chains. The decoded calldata contains exactly three execute(address) actions, each targeting a different cross-chain executor on Ethereum mainnet and pointing to payload addresses that exactly match the Arbitrum, Optimism, and Polygon payload addresses listed in the Implementation section of the description. No action for Avalanche appears in the calldata, which is consistent with the description's statement that Avalanche is handled via the separate steward contract outside this proposal's on-chain actions. All addresses match precisely, no numeric parameters are mismatched, and no unexplained extra actions are present. Therefore the description accurately and completely represents what the calldata will execute.”

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": "0x32f3A6134590fc2d9440663d35a2F0a6265F04c4"
}
Calldata
#1execute(address)chain 0x1
Target
0x5f5c…6711
Value
0 wei
Function
execute(address)
Arguments
{
  "0": "0x0568a3aeb8E78262dEFf75ee68fAC20ae35ffA91"
}
Calldata
#2execute(address)chain 0x1
Target
0x158a…d45b
Value
0 wei
Function
execute(address)
Arguments
{
  "0": "0xf7C3350757DE224bdB2b77A3943C8667aCEE3d37"
}
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.