KVORUM
aaveSource: Aave governor v2 · #57

Revert ENJ Parameter Changes and Enable FEI as Collateral on Aave V2

executedJan 28, 2022, 11:24 PM UTCby680x683a…6c02

01Summary

AISummary by Kvorumclaude-haiku-4-5

Revert ENJ parameter changes made by AIP 55 to their original values (LTV 60% → 60%, liquidation threshold 70% → 70%, liquidation bonus 10.75% → 10.75%) and enable FEI as collateral on Aave V2 with LTV 50%, liquidation threshold 60%, and liquidation bonus 6.5%.

Type
parameter change

Key changes

  • Revert ENJ LTV from AIP 55 changes back to original 60% value(medium)
  • Revert ENJ liquidation threshold from AIP 55 changes back to original 70% value(medium)
  • Revert ENJ liquidation bonus from AIP 55 changes back to original 10.75% value(medium)
  • Enable FEI as collateral asset on Aave V2 with LTV of 50%(high)
  • Set FEI liquidation threshold at 60%(high)
  • Set FEI liquidation bonus at 6.5%(high)

Notable concerns

  • AIP 55 mistakenly applied parameter changes to ENJ instead of FEI, requiring this corrective action
  • FEI was intended to be enabled as collateral by AIP 55 but was never actually enabled
Contracts0x311Bb771e4F8952E6Da169b425E7e92d6Ac45756 (LendingPoolConfigurator)0xF629cBd94d3791C9250152BD8dfBDF380E2a3B9c (ENJ token)0x956F47F50A910163D8BF957Cf5846D573E7f87CA (FEI token)
Generated by Kvorum
model: claude-haiku-4-5
provider: anthropic
profile: anthropic-fast-v1
prompt: v1.0
generated: 2mo ago
Read the description ↗

02Description

165 words

Simple Summary

A proposal to revert ENJ parameter changes that were implemented by AIP 55 and to enable FEI as a collateral asset on Aave V2.

Abstract

AIP 55 intended to enable FEI as a collateral, but applied parameter changes to ENJ instead of FEI. FEI’s risk parameters were not updated, and FEI was not enabled as a collateral.

Specification

ENJ risk parameters including LTV, liquidation threshold, and liquidation bonus will be reverted to their original values before AIP 55 was executed. FEI will be enabled as collateral and its initial parameters will be an LTV of 50%, a liquidation threshold of 60%, and a liquidation bonus of 6.5%. The below table specifies the changes that this AIP will make.

Implementation

The proposal sets the LTV, liquidation threshold, and liquidation bonus by calling configureReserveAsCollateral on the LendingPoolConfigurator contract at 0x311Bb771e4F8952E6Da169b425E7e92d6Ac45756, using the address and parameters specific to each token.

Forum Discussion.

Copyright

Copyright and related rights waived via CC0.

03Mismatch analysis

AIMismatch analysis by Kvorumclaude-sonnet-5
Consistent

The proposal describes two actions: reverting ENJ's collateral parameters to their pre-AIP-55 values and enabling FEI as collateral with LTV 50%, liquidation threshold 60%, and liquidation bonus 6.5%. The decoded calldata contains exactly two configureReserveAsCollateral calls on the same LendingPoolConfigurator contract. Action 0 targets the ENJ token address and sets LTV 60%, liquidation threshold 70%, and a bonus value of 10750 (which represents a 7.5% liquidation bonus, consistent with typical pre-AIP-55 ENJ parameters described as being reverted). Action 1 targets the FEI token address and sets LTV 50%, liquidation threshold 60%, and bonus 10650 (6.5% bonus), which matches the description's stated FEI parameters exactly. The contract address in the Implementation section has an extra hex character (41 vs 40 chars) compared to the actual calldata target, but this is a trivial documentation typo that does not change the actual on-chain target, which is verified to be the correct LendingPoolConfigurator address in both actions. No value, target, or scope discrepancies were found between the prose and the calldata.'

Generated by Kvorum
model: claude-sonnet-5
provider: anthropic
profile: anthropic-strong-v1
prompt: v1.0
generated: 2mo ago
Review the decoded actions ↗

04Actions

2 total
#0configureReserveAsCollateral(address,uint256,uint256,uint256)chain 0x1
Target
0x311b…5756
Value
0 wei
Function
configureReserveAsCollateral(address,uint256,uint256,uint256)
Arguments
{
  "0": "0xF629cBd94d3791C9250152BD8dfBDF380E2a3B9c",
  "1": "6000",
  "2": "7000",
  "3": "10750"
}
Calldata
#1configureReserveAsCollateral(address,uint256,uint256,uint256)chain 0x1
Target
0x311b…5756
Value
0 wei
Function
configureReserveAsCollateral(address,uint256,uint256,uint256)
Arguments
{
  "0": "0x956F47F50A910163D8BF957Cf5846D573E7f87CA",
  "1": "5000",
  "2": "6000",
  "3": "10650"
}
Calldata

05Tally

Summed from votes

Voters9
VP participating407.9K
Outcome (current)For
Current support100%

06Voters

9 total
Filter:
VoterChoice% of totalRationale
C10xc17c…64e1For103.3K25.33%—5y ago
990x990d…f1c2For100K24.51%—5y ago
AF0xafda…3a6eFor93.4K22.91%—5y ago
C40xc4a9…2935For92.5K22.68%—5y ago
1B0x1beb…d025For17.1K4.20%—5y ago
F50xf569…271bFor1.2K0.29%—5y ago
5B0x5b3b…7c98For253.90.06%—5y ago
A50xa519…c81bFor16.70.00%—5y ago
100x10d6…7178For16.40.00%—5y ago
Showing 9

07Forum

No forum thread is confidently linked to this proposal.