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Proposal overview

Risk Parameter Updates for Aave V3 Optimism Market (2022-12-29)

Executed

Executed on 

Jan 10, 2023

Summary

A proposal to make parameter changes on Aave V3 Optimism.

Abstract

These parameter updates are a continuation of Gauntlet’s regular parameter recommendations.

Motivation

Any market without supply caps could experience an outsized risk by someone opening a large position quickly. Maintaining supply caps that ensure that one user cannot subject the protocol to outsize risk is a key part of risk management for Aave v3 markets.

The supply cap can be revised lower if the community elects a more conservative approach. Regardless, the first step would be implementing an initial supply cap, which this proposal would accomplish.

Specification

Implementation

A full specification of the payload contract and tests enabling this proposal can be found on Github here.

Copyright

Copyright and related rights waived via CC0.

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Your voting info

Voting results

YAE

680,966

AAVE

100.00%

NAY

2

AAVE

<0.01%

Top 10 addresses

Votes

State
Executed

Executed on 

Jan 10, 2023
Quorum
Reached
Current votes

Required

680.96K

320.00K

Differential
Reached
Current differential

Required

680.96K

80,000.00

Total voting power

16,000,000

Proposal details

Created

Block

6 Jan 2023, 01:28 UTC +00:00

16344465

Started

Block

7 Jan 2023, 01:36 UTC +00:00

16351665

Ended

Block

9 Jan 2023, 17:36 UTC +00:00

16370865

Executed

10 Jan 2023, 22:57 UTC +00:00

Author

Paul Lei, Nick Del Zingaro, Garrett Peterson, Jonathan Reem, Nick Cannon, Nathan Lord, Watson Fu, Sarah Chen