An SVG of an eye

Proposal overview

Use AAVE Ecosystem Reserve to vote YES on proposal to adjust Level 2 Governance requirements

Executed

Executed on 

Oct 11, 2022

Simple Summary

This proposal upgrades the implementation of the AAVE Ecosystem Reserve, allowing for a one-time YES vote with the voting power held, in order to "vote boost" the proposal to upgrade the Level 2 Executor requirements.

Motivation

All context/motivation of this proposal is extensively explained on the Aave Governance forum thread

Specification

This proposal exclusively upgrades the implementation of the AAVE Ecosystem Reserve, keeping the exact same logic, but changing the initialize() function to include a one-time YES vote on another Aave governance proposal passed as input. The implementation of this can be found HERE.

This proposal will be created via a fully decentralized smart contract (so-called Autonomous Proposal). This is especially important in this case, as it will assure that the proposal id on which to vote YES will be exactly the proposal to upgrade Level 2 requirements

Security

  • An extensive suite of tests can be found HERE

  • We have executed a diff between the current implementation of the AAVE Ecosystem Reserve in production and the new implementation, to verify that the changes and exclusively the ones expected. The diff can be found HERE.

  • SigmaPrime has audited the changes, and implemented an independent test suite, complementary to BGD's. The audit report can be found HERE.

  • Certora has reviewed the changes, and implemented an independent test suite, complementary to BGD's. The audit report can be found HERE.

Implementation

Smart contracts can be found here. Especifically for what concerns this proposal:

Copyright

Copyright and related rights waived via CC0.

Your voting info

Voting results

YAE

871,775

AAVE

100.00%

NAY

10

AAVE

<0.01%

Top 10 addresses

Votes

State
Executed

Executed on 

Oct 11, 2022
Quorum
Reached
Current votes

Required

871.77K

320.00K

Differential
Reached
Current differential

Required

871.76K

80,000.00

Total voting power

16,000,000

Proposal details

Created

Block

7 Oct 2022, 13:00 UTC +00:00

15696386

Started

Block

7 Oct 2022, 13:00 UTC +00:00

15696386

Ended

Block

10 Oct 2022, 05:00 UTC +00:00

15715586

Executed

11 Oct 2022, 08:07 UTC +00:00

Author

BGD Labs (@bgdlabs)