Update GNO Risk Parameters on Aave V3 Gnosis Pool
01Summary
This proposal enables GNO (Gnosis token) to be borrowed on Aave V3 Gnosis Pool by updating its risk parameters, while maintaining it in isolation mode with a 1100 GNO borrow cap. This aims to increase GNO utility and support Gnosis chain decentralization.
- Type
- parameter change
Key changes
- Enable GNO borrowing by setting 'Enable Borrow' from No to Yes(high)
- Set borrow cap at 1100 GNO to limit borrowing exposure(high)
- Establish reserve factor at 20% for protocol revenue from borrowed GNO(medium)
- Set interest rate parameters: uOptimal 80%, Base 0%, Slope1 15%, Slope2 80%(medium)
- Maintain isolation mode status and collateral enabling while preventing stable borrows(medium)
Notable concerns
- GNO remains in isolation mode, restricting its use as collateral for borrowing other assets
- Borrow cap of 1100 GNO represents a conservative limit on total borrowing capacity
- No stable borrow option available for GNO
Generated by Kvorum
02Description
Simple Summary
This AIP proposes to update GNO risk parameters on the Aave V3 Gnosis Pool to enable borrowing, fostering Gnosischain decentralization and use-cases for passive income and staking.
Motivation
The goal is to enhance GNO utility by allowing it to be a borrowable asset, thereby supporting Gnosischain’s decentralization. This adjustment also prepares for future GNO LSTs and a possible GNO-correlated e-mode, expanding utility and passive income opportunities for GNO holders.
Specification
The proposed changes aim to make GNO a borrowable asset outside of isolation mode with adjusted risk parameters to accommodate this new functionality:
| Risk Parameter | Current Value | Proposed Value |
|---|---|---|
| Isolation Mode | Yes | YES |
| Borrowable in Isolation | No | No |
| Stable Borrow | No | No |
| Enable Borrow | No | Yes |
| Enable Collateral | Yes | Yes |
| Loan To Value (LTV) | 31% | 31% |
| Liquidation Threshold | 36% | 36% |
| Liquidation Bonus | 10% | 10% |
| Reserve Factor | N/A | 20% |
| Liquidation Protocol Fee | 10% | 10% |
| Supply Cap | 30000 GNO | 30000 GNO |
| Borrow Cap | N/A | 1100 GNO |
| Debt Ceiling | 1M$ | 1M$ |
| uOptimal | N/A | 80% |
| Base | N/A | 0% |
| Slope1 | N/A | 15% |
| Slope2 | N/A | 80% |
References
- Implementation: AaveV3Gnosis
- Tests: AaveV3Gnosis
- Snapshot
- Discussion
Copyright
Copyright and related rights waived via CC0.
03Mismatch analysis
The proposal follows the standard Aave Governance v3 cross-chain pattern: the mainnet vote only calls forwardPayloadForExecution to relay execution of a separately deployed payload contract on Gnosis Chain (identified by payload ID 100 and executor address 0x9A1F...). The decoded calldata does not expose the actual GNO risk-parameter changes (LTV, borrow cap, reserve factor, interest rate curve, etc.) described in the prose, because those are encoded inside the referenced payload contract, not in this forwarding call itself. This is normal and expected for Aave's cross-chain governance architecture, and the 'Implementation' link in the References section points to the actual Solidity payload that presumably implements the described parameters. Since the single decoded action here is just a generic bridge/forwarding call, there is no basis to detect a value mismatch, omitted action, or misleading phrasing — but there is also no way to independently confirm the specific numeric claims (reserve factor, borrow cap, rate curve, etc.) against on-chain calldata. Given this structural opacity, I cannot verify parameter-level correctness, so confidence is low. However, nothing in the visible calldata contradicts the description, and the pattern matches well-known legitimate Aave proposal tooling (bgd-labs aave-proposals-v3), so I do not flag this as a discrepancy.
Generated by Kvorum
04Actions
- Target
- 0x9aee…2bc7
- Value
- 0 wei
- Function
- forwardPayloadForExecution((uint256,uint8,address,uint40))
- Arguments
{ "0": [ "100", "1", "0x9A1F491B86D09fC1484b5fab10041B189B60756b", "1" ] }- Calldata
05Tally
Summed from votes
06Voters
| Voter | Choice | % of total | Rationale | ||
|---|---|---|---|---|---|
| 570x57ab…2922 | For | 144.3K | 0.00% | — | 3y ago |
| 320x329c…3ed4 | For | 103.1K | 0.00% | — | 3y ago |
| 130x13bd…8548 | For | 60K | 0.00% | — | 3y ago |
| 230x2331…7e73 | For | 60K | 0.00% | — | 3y ago |
| 2C0x2cc1…4df1 | For | 43.7K | 0.00% | — | 3y ago |
| B90xb933…8dd1 | For | 42.6K | 0.00% | — | 3y ago |
| EZezr3al.eth0x8659…7d0e | For | 38.1K | 0.00% | — | 3y ago |
| E40xe459…e666 | For | 20K | 0.00% | — | 3y ago |
| 180x1855…98ba | For | 3.6K | 0.00% | — | 3y ago |
| EA0xea17…6676 | For | 38.6 | 0.00% | — | 3y ago |
| 570x5762…a752 | For | 1 | 0.00% | — | 3y ago |
07Forum
No forum thread is confidently linked to this proposal.
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