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v3-117-aave-v3-arbitrum-adjusting-interest-rate-curve-for-weETH.md

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Proposal 117. Adjusting Interest Rate Curve for weETH on Arbitrum.


Voting link

https://vote.onaave.com/proposal/?proposalId=117


Governance forum discussion

https://governance.aave.com/t/arfc-adjusting-interest-rate-curve-for-weeth-on-arbitrum/17804


Payloads


Certora analysis


Proposal types

🔧 📊 configuration update


Context

This proposal suggests interest rate parameters changes to weETH in order to align the parameters of the asset with other markets and optimize the utilization rates and improve revenue for the DAO.


Proposal creation

Transaction: https://etherscan.io/tx/0xd6a34d60d5c58f1a384ab791878dd153c82384ae99bc0aad727a2695798ee51b

- proposalId: 117
- creator: 0x57ab7ee15ce5ecacb1ab84ee42d5a9d0d8112922
- accessLevel: 1
- ipfsHash: 0x802a4a10c5927a267eabe8f57cc85f6f240293399d08473ce283a4c960460a42

createProposal() parameters

{
  "payloads": [ 
    { 
      "chain": "42161", 
      "accessLevel": "1", 
      "payloadsController": "0x89644CA1bB8064760312AE4F03ea41b05dA3637C", 
      "payloadId": "30" 
    }, 
  ], 
  "votingPortal": "0x9b24C168d6A76b5459B1d47071a54962a4df36c3", 
  "ipfsHash": "0x802a4a10c5927a267eabe8f57cc85f6f240293399d08473ce283a4c960460a42" 
}

Aave Seatbelt report

Proposal report

https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/proposals/117.md

Payload reports


Technical analysis

We have verified that the payload modifies the optimal utilization rate and the reserve factor of weETH on Arbitrum-V3 to the following parameters:

  • Uoptimal: 35%

  • reserve factor: 45%


The proposal is consistent with the description on both Snapshot and the governance forum.


Certora validations

✅ The code on the proposal payload corresponds to the proposal specification.

✅ The proposal includes a proper tests suite, checking all necessary post-conditions.

✅ BGD reviewed the payload before the proposal was submitted.

✅ Certora reviewed the procedure followed to submit the proposal.