Disable borrow for xSUSHI and DPI. Freeze reserves for UNI and BAL AMM Markets
01Summary
Precautionary risk mitigation proposal to disable borrowing on xSUSHI and DPI, and freeze all deposits, borrows, and rate swaps on UNI/BAL AMM Markets in Aave V2.
- Type
- parameter change
Key changes
- Disable borrowing on xSUSHI (0x8798249c2E607446EfB7Ad49eC89dD1865Ff4272)(high)
- Disable borrowing on DeFi Pulse Index (DPI) (0x1494CA1F11D487c2bBe4543E90080AeBa4BA3C2b)(high)
- Freeze deposits, borrows, and rate swaps for 16 UNI/BAL AMM Market addresses(high)
Notable concerns
- Affects users with active borrowing positions in xSUSHI and DPI who will no longer be able to borrow these assets
- Affects UNI/BAL AMM Market participants who will have deposits and borrowing frozen across multiple market pairs
Generated by Kvorum
02Description
Summary
A proposal to take precautionary measures by temporarily disabling borrow for xSUSHI and DeFi Pulse Index (DPI), and freezing deposits, borrows, and rate swaps for UNI/BAL AMM Markets.
Implementation
The proposal sets the LTV and liquidation threshold ratios by calling disableBorrowingOnReserve on the Aave: Lending Pool Configurator V2 contract at 0x311Bb771e4F8952E6Da169b425E7e92d6Ac45756, for xSUSHI at 0x8798249c2E607446EfB7Ad49eC89dD1865Ff4272 and DPI at 0x1494CA1F11D487c2bBe4543E90080AeBa4BA3C2b
The proposal calls freezeReserve on the LendingPoolConfigurator contract at 0x23A875eDe3F1030138701683e42E9b16A7F87768 for all UNI and BPT AMM Markets at the addresses listed in the docs.
Copyright
Copyright and related rights waived via CC0.
Special Thanks
Mudit Gupta, flashfish, Nipun, Emilio, Lasse Herskind, Gasper, Ernesto, Andrey, 0xMaki, Zer0dot, Stani, Ernesto, and numerous others on the Gauntlet team for assistance and review of this proposal.
03Mismatch analysis
I compared the two disableBorrowingOnReserve calls (indices 0-1) against the description's claim of disabling borrow for DPI and xSUSHI — the asset addresses match exactly (DPI 0x1494CA1F... and xSUSHI 0x8798249c...), and the target Lending Pool Configurator address matches after case-normalization. The sixteen freezeReserve calls (indices 2-17) target the AMM Lending Pool Configurator address stated in the description and align with the claim of freezing UNI/BAL AMM market reserves; I could not independently verify each individual asset address against the linked Aave docs, but there is no evidence of a mismatched target contract or injected unrelated action. The one issue found is a technical inaccuracy: the description incorrectly claims disableBorrowingOnReserve 'sets the LTV and liquidation threshold ratios,' when in fact that function only toggles the borrowing-enabled flag — it does not touch LTV or liquidation threshold parameters. This is a wording/technical-accuracy issue rather than a change in actual on-chain effect, since the real action (disabling borrowing) still matches the proposal's stated goal. No value, target, or recipient mismatches were found, and no omitted or extra significant actions were detected. Given this is a low-impact drafting error rather than a funds/control risk, I rate this a minor discrepancy with high confidence, since the claims and calldata are otherwise closely aligned and verifiable exactly for the borrowing-disable actions.
Discrepancies
- lowmisleading phrasing
The description states that the proposal 'sets the LTV and liquidation threshold ratios' via disableBorrowingOnReserve, but this function only disables borrowing on the reserve — it does not modify LTV or liquidation threshold parameters. The actual on-chain effect (disabling borrowing) matches the proposal's stated intent, but the technical characterization of the mechanism is inaccurate.
“The proposal sets the LTV and liquidation threshold ratios by calling `disableBorrowingOnReserve`”
Generated by Kvorum
04Actions
- Target
- 0x311b…5756
- Value
- 0 wei
- Function
- disableBorrowingOnReserve(address)
- Arguments
{ "asset": "0x1494CA1F11D487c2bBe4543E90080AeBa4BA3C2b" }- Calldata
- Target
- 0x311b…5756
- Value
- 0 wei
- Function
- disableBorrowingOnReserve(address)
- Arguments
{ "asset": "0x8798249c2E607446EfB7Ad49eC89dD1865Ff4272" }- Calldata
- Target
- 0x23a8…7768
- Value
- 0 wei
- Function
- freezeReserve(address)
- Arguments
{ "asset": "0xA478c2975Ab1Ea89e8196811F51A7B7Ade33eB11" }- Calldata
- Target
- 0x23a8…7768
- Value
- 0 wei
- Function
- freezeReserve(address)
- Arguments
{ "asset": "0xBb2b8038a1640196FbE3e38816F3e67Cba72D940" }- Calldata
- Target
- 0x23a8…7768
- Value
- 0 wei
- Function
- freezeReserve(address)
- Arguments
{ "asset": "0xDFC14d2Af169B0D36C4EFF567Ada9b2E0CAE044f" }- Calldata
- Target
- 0x23a8…7768
- Value
- 0 wei
- Function
- freezeReserve(address)
- Arguments
{ "asset": "0xB6909B960DbbE7392D405429eB2b3649752b4838" }- Calldata
- Target
- 0x23a8…7768
- Value
- 0 wei
- Function
- freezeReserve(address)
- Arguments
{ "asset": "0xAE461cA67B15dc8dc81CE7615e0320dA1A9aB8D5" }- Calldata
- Target
- 0x23a8…7768
- Value
- 0 wei
- Function
- freezeReserve(address)
- Arguments
{ "asset": "0x3dA1313aE46132A397D90d95B1424A9A7e3e0fCE" }- Calldata
- Target
- 0x23a8…7768
- Value
- 0 wei
- Function
- freezeReserve(address)
- Arguments
{ "asset": "0xa2107FA5B38d9bbd2C461D6EDf11B11A50F6b974" }- Calldata
- Target
- 0x23a8…7768
- Value
- 0 wei
- Function
- freezeReserve(address)
- Arguments
{ "asset": "0xC2aDdA861F89bBB333c90c492cB837741916A225" }- Calldata
- Target
- 0x23a8…7768
- Value
- 0 wei
- Function
- freezeReserve(address)
- Arguments
{ "asset": "0x8Bd1661Da98EBDd3BD080F0bE4e6d9bE8cE9858c" }- Calldata
- Target
- 0x23a8…7768
- Value
- 0 wei
- Function
- freezeReserve(address)
- Arguments
{ "asset": "0x43AE24960e5534731Fc831386c07755A2dc33D47" }- Calldata
- Target
- 0x23a8…7768
- Value
- 0 wei
- Function
- freezeReserve(address)
- Arguments
{ "asset": "0xd3d2E2692501A5c9Ca623199D38826e513033a17" }- Calldata
- Target
- 0x23a8…7768
- Value
- 0 wei
- Function
- freezeReserve(address)
- Arguments
{ "asset": "0xB4e16d0168e52d35CaCD2c6185b44281Ec28C9Dc" }- Calldata
- Target
- 0x23a8…7768
- Value
- 0 wei
- Function
- freezeReserve(address)
- Arguments
{ "asset": "0x004375Dff511095CC5A197A54140a24eFEF3A416" }- Calldata
- Target
- 0x23a8…7768
- Value
- 0 wei
- Function
- freezeReserve(address)
- Arguments
{ "asset": "0x2fDbAdf3C4D5A8666Bc06645B8358ab803996E28" }- Calldata
- Target
- 0x23a8…7768
- Value
- 0 wei
- Function
- freezeReserve(address)
- Arguments
{ "asset": "0x1efF8aF5D577060BA4ac8A29A13525bb0Ee2A3D5" }- Calldata
- Target
- 0x23a8…7768
- Value
- 0 wei
- Function
- freezeReserve(address)
- Arguments
{ "asset": "0x59A19D8c652FA0284f44113D0ff9aBa70bd46fB4" }- Calldata
05Tally
Summed from votes
06Voters
| Voter | Choice | % of total | Rationale | ||
|---|---|---|---|---|---|
| DD0xdd70…8202 | For | 189.9K | 26.73% | — | 5y ago |
| F60xf63e…78c8 | For | 120.5K | 16.97% | — | 5y ago |
| 9B0x9b5e…0499 | For | 111.2K | 15.66% | — | 5y ago |
| C10xc17c…64e1 | For | 103.3K | 14.55% | — | 5y ago |
| 990x990d…f1c2 | For | 100K | 14.08% | — | 5y ago |
| 5B0x5bc9…d76c | For | 63.9K | 8.99% | — | 5y ago |
| 070x0703…961b | For | 10K | 1.41% | — | 5y ago |
| 800x80dc…c146 | For | 3.4K | 0.48% | — | 5y ago |
| 700x704d…a0df | For | 3.4K | 0.48% | — | 5y ago |
| 820x82f9…bbfe | For | 2.9K | 0.40% | — | 5y ago |
| 3A0x3a25…e9d2 | For | 606.7 | 0.09% | — | 5y ago |
| E80xe831…7697 | For | 432.2 | 0.06% | — | 5y ago |
| GEgekko.eth0xb72e…e105 | For | 300.6 | 0.04% | — | 5y ago |
| 950x9548…65c7 | For | 181.3 | 0.03% | — | 5y ago |
| 6C0x6cd7…9248 | For | 156.3 | 0.02% | — | 5y ago |
| 070x07cb…b9f1 | For | 63.3 | 0.01% | — | 5y ago |
| 8D0x8d07…a265 | For | 50 | 0.01% | — | 5y ago |
| 240x24d9…15a2 | For | 17.4 | 0.00% | — | 5y ago |
| F30xf393…1817 | For | 16.3 | 0.00% | — | 5y ago |
| AB0xab76…f654 | For | 5.1 | 0.00% | — | 5y ago |
| 610x610c…f2e0 | Against | 1 | 0.00% | — | 5y ago |
| 1D0x1d5e…69f4 | For | 0.4 | 0.00% | — | 5y ago |
07Forum
No forum thread is confidently linked to this proposal.
08Similar proposals
- aaveexecutedPause UNI Borrowing79%
- aaveexecutedDisable Stable Borrows78%
- aaveexecutedRisk Parameter Updates for Aave v2 Ethereum Liquidty Pool76%
- aaveexecutedChaos Labs V2 to V3 Migration Next Steps76%
- aavedefeatedFreeze Aave V175%
- aaveexecutedFreeze Aave V175%
- aavedefeatedRisk Parameter Updates for Aave V2 AMM Market (2023-03-29)75%
- aaveexecutedRisk Parameter Updates for Aave V2 AMM Market (2023-03-31)75%
- aaveexecutedTemporary Freeze of Long-Tail V2 Assets75%
- aavedefeatedRisk Parameter Updates for Aave v2 Polygon75%