v2 Deprecation Plan, 2023.10.03
01Summary
Proposal to reduce Liquidation Threshold (LT) and Loan-to-Value (LTV) parameters for 17 frozen assets on Aave v2 Ethereum as part of the v2 deprecation framework. All LTV values are being set to 0, and LT values are being reduced across the board to encourage migration away from v2.
- Type
- parameter change
Key changes
- Liquidation Threshold (LT) reductions for 17 assets ranging from 1% to 70%, including: 1INCH (40% to 24%), BAL (35% to 25%), BAT (40% to 1%), CRV (45% to 42%), CVX (35% to 33%), DPI (42% to 16%), ENJ (52% to 50%), ENS (52% to 50%), LINK (83% to 82%), MANA (54% to 48%), MKR (50% to 35%), REN (32% to 27%), SNX (49% to 43%), UNI (70% to 70%), xSUSHI (57% to 28%), YFI (50% to 45%), ZRX (42% to 37%)(high)
- All Loan-to-Value (LTV) parameters set to 0 for affected assets (1INCH, ENS, LINK, MKR, SNX), effectively disabling borrowing against these collaterals(high)
- Changes apply to frozen assets on Aave v2 Ethereum as part of the v2 deprecation framework(high)
Notable concerns
- Disabling borrowing (LTV = 0) for multiple assets including blue-chip tokens like LINK and UNI may impact users with existing positions
- Significant LT reductions on some assets (e.g., BAT from 40% to 1%, DPI from 42% to 16%) could trigger liquidations for leveraged positions
- Users holding these frozen assets need to migrate to Aave v3 or other platforms
Generated by Kvorum
02Description
Summary
Following the v2 deprecation framework, Gauntlet and Chaos recommend the following parameter changes to frozen assets on Aave v2 Ethereum.
Specification
| Asset | Current LT | Rec LT | Current LTV | Rec LTV |
|---|---|---|---|---|
| 1INCH | 40% | 24% | 30% | 0 |
| BAL | 35% | 25% | 0 | 0 |
| BAT | 40% | 1% | 0 | 0 |
| CRV | 45% | 42% | 0 | 0 |
| CVX | 35% | 33% | 0 | 0 |
| DPI | 42% | 16% | 0 | 0 |
| ENJ | 52% | 50% | 0 | 0 |
| ENS | 52% | 50% | 42% | 0 |
| LINK | 83% | 82% | 70% | 0 |
| MANA | 54% | 48% | 0 | 0 |
| MKR | 50% | 35% | 45% | 0 |
| REN | 32% | 27% | 0 | 0 |
| SNX | 49% | 43% | 36% | 0 |
| UNI | 70% | 70% | 58% | 0 |
| xSUSHI | 57% | 28% | 0 | 0 |
| YFI | 50% | 45% | 0 | 0 |
| ZRX | 42% | 37% | 0 | 0 |
Implementation
The proposal implements changes using the following payloads:
References
Disclaimer
Gauntlet and Chaos have 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 provides a detailed table of Liquidation Threshold (LT) and Loan-to-Value (LTV) changes for 17 frozen Aave v2 Ethereum assets, consistent with the standard v2 deprecation framework. The on-chain action is a single call to execute() (a fallback function) on a payload contract address, which is the standard pattern for Aave governance payloads: the actual parameter-setting logic (e.g., calls to LendingPoolConfigurator.setLiquidationThreshold/setLtv for each asset) lives in the target contract's bytecode rather than being visible as decoded arguments in this proposal_action row. Because the decoded calldata contains no explicit parameters, I cannot directly verify the individual numeric values (e.g., 1INCH LT 40%->24%) against the calldata itself — only against the linked source code, which is outside the scope of the decoded actions provided. There is no evidence of contradiction: the target contract address, chain, and zero value transfer are all consistent with a routine parameter-update payload matching the described asset list. However, since the payload's internal logic cannot be independently confirmed from the decoded action alone, confidence in this comparison is low. No numeric mismatches, target mismatches, or omissions are apparent from the information available, so I mark this as consistent but with low confidence due to the opacity of the single delegatecall action.
Generated by Kvorum
04Actions
- Target
- 0xff37…d4b7
- Value
- 0 wei
- Function
- fallback()
- Arguments
{}- Calldata
05Tally
Summed from votes
06Voters
| Voter | Choice | % of total | Rationale | ||
|---|---|---|---|---|---|
| 320x329c…3ed4 | For | 108K | 0.00% | — | 3y ago |
| 200x2079…d6ce | For | 101.2K | 0.00% | — | 3y ago |
| 070x0703…961b | For | 88.1K | 0.00% | — | 3y ago |
| 130x13bd…8548 | For | 61.3K | 0.00% | — | 3y ago |
| 230x2331…7e73 | For | 60K | 0.00% | — | 3y ago |
| EA0xea17…6676 | For | 46.7K | 0.00% | — | 3y ago |
| 2C0x2cc1…4df1 | For | 43.7K | 0.00% | — | 3y ago |
| B90xb933…8dd1 | For | 42K | 0.00% | — | 3y ago |
| EZezr3al.eth0x8659…7d0e | For | 37.8K | 0.00% | — | 3y ago |
| 570x57ab…2922 | For | 25.8K | 0.00% | — | 3y ago |
| 730x732a…b848 | For | 21K | 0.00% | — | 3y ago |
| E40xe459…e666 | For | 20K | 0.00% | — | 3y ago |
| 180x1855…98ba | For | 5K | 0.00% | — | 3y ago |
| 870x8787…ea52 | For | 1.1K | 0.00% | — | 3y ago |
| 5A0x5acb…eedf | For | 310.8 | 0.00% | — | 3y ago |
| DF0xdf06…4977 | For | 27.3 | 0.00% | — | 3y ago |
| 6F0x6f9b…8a1d | Against | 14.7 | 0.00% | — | 3y ago |
| E10xe10b…c5dd | For | 2.7 | 0.00% | — | 3y ago |
| 2F0x2f2f…f78a | For | 2.1 | 0.00% | — | 3y ago |
| 9E0x9e4d…9636 | For | 1.3 | 0.00% | — | 3y ago |
| E00xe099…d4e0 | For | 1.3 | 0.00% | — | 3y ago |
| 740x74a2…c125 | For | 1 | 0.00% | — | 3y ago |
| 730x7306…c011 | For | 1 | 0.00% | — | 3y ago |
| 570x5762…a752 | For | 1 | 0.00% | — | 3y ago |
| 7E0x7e11…3c54 | For | 0.5 | 0.00% | — | 3y ago |
| EA0xeada…afa3 | Against | 0.2 | 0.00% | — | 3y ago |
| 180x18fe…ca20 | For | 0.2 | 0.00% | — | 3y ago |
| 9D0x9d06…b58c | For | 0.2 | 0.00% | — | 3y ago |
| 550x55b6…e38e | For | 0.2 | 0.00% | — | 3y ago |
| D40xd4ee…6795 | For | 0.2 | 0.00% | — | 3y ago |
| 700x7062…743f | For | 0.1 | 0.00% | — | 3y ago |
| F50xf5ab…2617 | For | 0.1 | 0.00% | — | 3y ago |
| 4D0x4d9c…05f0 | For | 0.1 | 0.00% | — | 3y ago |
| 000x00db…e32c | For | 0 | 0.00% | — | 3y ago |
| 9C0x9cd7…8546 | For | 0 | 0.00% | — | 3y ago |
| 200x20de…59b5 | For | 0 | 0.00% | — | 3y ago |
| 3B0x3b91…50f7 | For | 0 | 0.00% | — | 3y ago |
| 480x48f9…de45 | For | 0 | 0.00% | — | 3y ago |
| 930x93b0…6584 | For | 0 | 0.00% | — | 3y ago |
| 930x9354…0cc1 | For | 0 | 0.00% | — | 3y ago |
| AC0xac4c…0f1b | For | 0 | 0.00% | — | 3y ago |
| C90xc920…ea23 | For | 0 | 0.00% | — | 3y ago |
| 0F0x0f3a…563a | For | 0 | 0.00% | — | 3y ago |
| 590x5909…6dc1 | For | 0 | 0.00% | — | 3y ago |
| 8C0x8c90…9e59 | For | 0 | 0.00% | — | 3y ago |
| 7E0x7e65…fda8 | For | 0 | 0.00% | — | 3y ago |
| 810x81fa…cc38 | For | 0 | 0.00% | — | 3y ago |
| E70xe783…24b9 | For | 0 | 0.00% | — | 3y ago |
| 3B0x3b1c…b06e | For | 0 | 0.00% | — | 3y ago |
| 7F0x7fbd…5b19 | For | 0 | 0.00% | — | 3y ago |
07Forum
No forum thread is confidently linked to this proposal.
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