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Original file line number Diff line number Diff line change
@@ -1,6 +1,6 @@
## Payload 127 on Ethereum

- Simulation: [https://dashboard.tenderly.co/me/simulator/1e20431d-7465-4d4e-b3ee-4bad5351c600](https://dashboard.tenderly.co/me/simulator/1e20431d-7465-4d4e-b3ee-4bad5351c600)
- Simulation: [https://dashboard.tenderly.co/me/simulator/0c69b5c7-bfe4-4a22-84d8-341d3a5133b8](https://dashboard.tenderly.co/me/simulator/0c69b5c7-bfe4-4a22-84d8-341d3a5133b8)
- creator: 0x57ab7ee15cE5ECacB1aB84EE42D5A9d0d8112922
- maximumAccessLevelRequired: 1
- state: 1(Created)
Expand Down Expand Up @@ -31,11 +31,11 @@ InitializableImmutableAdminUpgradeabilityProxy at `0x7d2768dE32b0b80b7a3454c06Bd
TransparentUpgradeableProxy at `0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5`[:ghost:](https://github.com/bgd-labs/aave-address-book "GovernanceV3Ethereum.PAYLOADS_CONTROLLER") with implementation PayloadsController at `0x7222182cB9c5320587b5148BF03eeE107AD64578`
```diff
@@ Slot `0xbb77812a8fa7fa6a572953fea9126358f3aec9cde938b0c1788d783c38ffd2cb` @@
- "0x006645f4f6006644baff020157ab7ee15ce5ecacb1ab84ee42d5a9d0d8112922"
+ "0x006645f4f6006644baff030157ab7ee15ce5ecacb1ab84ee42d5a9d0d8112922"
- "0x006646110a006644baff020157ab7ee15ce5ecacb1ab84ee42d5a9d0d8112922"
+ "0x006646110a006644baff030157ab7ee15ce5ecacb1ab84ee42d5a9d0d8112922"
@@ Slot `0xbb77812a8fa7fa6a572953fea9126358f3aec9cde938b0c1788d783c38ffd2cc` @@
- "0x000000000000000000093a800000015180006672df7f00000000000000000000"
+ "0x000000000000000000093a800000015180006672df7f0000000000006647474f"
+ "0x000000000000000000093a800000015180006672df7f00000000000066476363"
```


Expand All @@ -47,7 +47,7 @@ TransparentUpgradeableProxy at `0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5`[:gho
- `CollateralConfigurationChanged(asset: 0x514910771af9ca656af840dff83e8264ecf986ca (symbol: LINK), ltv: 0, liquidationThreshold: 6500, liquidationBonus: 10700)`
- `CollateralConfigurationChanged(asset: 0xe41d2489571d322189246dafa5ebde1f4699f498 (symbol: ZRX), ltv: 0, liquidationThreshold: 1, liquidationBonus: 11000)`
- Executor at `0x5300A1a15135EA4dc7aD5a167152C01EFc9b192A`[:ghost:](https://github.com/bgd-labs/aave-address-book "AaveV2Ethereum.POOL_ADMIN, AaveV2EthereumAMM.POOL_ADMIN, AaveV3Ethereum.ACL_ADMIN, GovernanceV3Ethereum.EXECUTOR_LVL_1")
- `ExecutedAction(target: 0xdc38dbcae6be78da84972afb07825726615cbd23, value: 0, signature: execute(), data: 0x, executionTime: 1715947343, withDelegatecall: true, resultData: 0x)`
- `ExecutedAction(target: 0xdc38dbcae6be78da84972afb07825726615cbd23, value: 0, signature: execute(), data: 0x, executionTime: 1715954531, withDelegatecall: true, resultData: 0x)`
- TransparentUpgradeableProxy at `0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5`[:ghost:](https://github.com/bgd-labs/aave-address-book "GovernanceV3Ethereum.PAYLOADS_CONTROLLER") with implementation PayloadsController at `0x7222182cB9c5320587b5148BF03eeE107AD64578`
- `PayloadExecuted(payloadId: 127)`

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Original file line number Diff line number Diff line change
@@ -1,6 +1,6 @@
## Payload 128 on Ethereum

- Simulation: [https://dashboard.tenderly.co/me/simulator/530bd011-d3a9-4bb4-89f1-0b8ee099cd74](https://dashboard.tenderly.co/me/simulator/530bd011-d3a9-4bb4-89f1-0b8ee099cd74)
- Simulation: [https://dashboard.tenderly.co/me/simulator/55e4c07e-bd97-4178-abf8-718a9e34586a](https://dashboard.tenderly.co/me/simulator/55e4c07e-bd97-4178-abf8-718a9e34586a)
- creator: 0x57ab7ee15cE5ECacB1aB84EE42D5A9d0d8112922
- maximumAccessLevelRequired: 1
- state: 1(Created)
Expand Down Expand Up @@ -104,11 +104,11 @@ TransparentUpgradeableProxy at `0xbD37610BBB1ddc2a22797F7e3f531B59902b7bA7`[:gho
TransparentUpgradeableProxy at `0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5`[:ghost:](https://github.com/bgd-labs/aave-address-book "GovernanceV3Ethereum.PAYLOADS_CONTROLLER") with implementation PayloadsController at `0x7222182cB9c5320587b5148BF03eeE107AD64578`
```diff
@@ Slot `0x3429d6fa9db26e5631128d8185584d24f10323af033be7ff252ec8822b07bae1` @@
- "0x006645f502006644e0eb020157ab7ee15ce5ecacb1ab84ee42d5a9d0d8112922"
+ "0x006645f502006644e0eb030157ab7ee15ce5ecacb1ab84ee42d5a9d0d8112922"
- "0x006646110a006644e0eb020157ab7ee15ce5ecacb1ab84ee42d5a9d0d8112922"
+ "0x006646110a006644e0eb030157ab7ee15ce5ecacb1ab84ee42d5a9d0d8112922"
@@ Slot `0x3429d6fa9db26e5631128d8185584d24f10323af033be7ff252ec8822b07bae2` @@
- "0x000000000000000000093a800000015180006673056b00000000000000000000"
+ "0x000000000000000000093a800000015180006673056b0000000000006647475b"
+ "0x000000000000000000093a800000015180006673056b00000000000066476363"
```


Expand Down Expand Up @@ -137,7 +137,7 @@ TransparentUpgradeableProxy at `0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5`[:gho
- `RateStrategyCreated(strategy: 0x11ef01bc8d774a5fe6f4bcd4bafd187d27cd99af, hashedParam: 0x329845bbcd8a9229cd6efb92d03e941b923c354aeeca44282a3bbc7452601570, params: {"optimalUtilizationRate":"200000000000000000000000000","baseVariableBorrowRate":"30000000000000000000000000","variableRateSlope1":"150000000000000000000000000","variableRateSlope2":"2000000000000000000000000000","stableRateSlope1":"40000000000000000000000000","stableRateSlope2":"1000000000000000000000000000"})`
- `RateStrategyCreated(strategy: 0xe706615371ba37a3134feb28d0b4aac74e5976bb, hashedParam: 0xc93ecd12d733268b15316d978f98bb12e78fc3ddee4e9397ca9bc48cb9f2f592, params: {"optimalUtilizationRate":"200000000000000000000000000","baseVariableBorrowRate":"30000000000000000000000000","variableRateSlope1":"150000000000000000000000000","variableRateSlope2":"2000000000000000000000000000","stableRateSlope1":"20000000000000000000000000","stableRateSlope2":"750000000000000000000000000"})`
- Executor at `0x5300A1a15135EA4dc7aD5a167152C01EFc9b192A`[:ghost:](https://github.com/bgd-labs/aave-address-book "AaveV2Ethereum.POOL_ADMIN, AaveV2EthereumAMM.POOL_ADMIN, AaveV3Ethereum.ACL_ADMIN, GovernanceV3Ethereum.EXECUTOR_LVL_1")
- `ExecutedAction(target: 0x04565551453e20a0b58b890ba71cedeea9d1fb41, value: 0, signature: execute(), data: 0x, executionTime: 1715947355, withDelegatecall: true, resultData: 0x)`
- `ExecutedAction(target: 0x04565551453e20a0b58b890ba71cedeea9d1fb41, value: 0, signature: execute(), data: 0x, executionTime: 1715954531, withDelegatecall: true, resultData: 0x)`
- TransparentUpgradeableProxy at `0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5`[:ghost:](https://github.com/bgd-labs/aave-address-book "GovernanceV3Ethereum.PAYLOADS_CONTROLLER") with implementation PayloadsController at `0x7222182cB9c5320587b5148BF03eeE107AD64578`
- `PayloadExecuted(payloadId: 128)`

Expand Down
47 changes: 40 additions & 7 deletions reports/proposals/105.md
Original file line number Diff line number Diff line change
Expand Up @@ -4,20 +4,53 @@

## Proposal 105

- Simulation: [https://dashboard.tenderly.co/me/simulator/3540d702-af80-417a-b820-1944251ef0f3](https://dashboard.tenderly.co/me/simulator/3540d702-af80-417a-b820-1944251ef0f3)
- Simulation: [https://dashboard.tenderly.co/me/simulator/c1e69b82-c63b-4049-925e-c3ea6842d38e](https://dashboard.tenderly.co/me/simulator/c1e69b82-c63b-4049-925e-c3ea6842d38e)
- state: Active
- creator: 0x57ab7ee15cE5ECacB1aB84EE42D5A9d0d8112922
- maximumAccessLevelRequired: 1
- payloads:
[{"chain":"1","accessLevel":1,"payloadsController":"0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5","payloadId":127}]
- createdAt: [15/05/2024, 13:45:47](https://etherscan.io/tx/0x441c941bbbf59e21701d0a6c5d36f8b6dbb9602e9a829daf4a157acb1bb5620c)
- simulatedExecutionAt: 17/05/2024, 12:02:23, timestamp: 1715947343, block: 19889562
- simulatedExecutionAt: 17/05/2024, 14:01:59, timestamp: 1715954519, block: 19890157
### Ipfs

<details>
<summary>problem fetching ipfs metadata</summary>
<summary>Chaos Labs Ethereum V2 LT Reductions</summary>

problem fetching ipfs metadata

## Simple Summary

A proposal to reduce Liquidation Thresholds on Aave V2 Ethereum.

## Motivation

In continuation of the deprecation of Aave V2, Chaos Labs advises implementing the subsequent parameter changes to the frozen assets on Aave v2 Ethereum.

As Liquidation Threshold reductions may lead to user accounts being eligible for liquidations upon their approval, we want to clarify the full implications to the community at each step. We will publicly communicate the planned amendments and list of affected accounts leading to the on-chain execution.

Our recommendations below suggest an LT configuration that optimizes reductions without significantly increasing the number of accounts eligible for liquidation. The proposed values are set at a margin of ~4-6% from the closest LT figure, which would trigger more substantial liquidations.

## Specification

| Asset | Current LT | Recommended LT |
| ----- | ---------- | -------------- |
| LINK | 68% | 65% |
| ZRX | 5% | 0_01% |

| | Value liquidated | Accounts liquidated |
| ----- | ---------------- | ------------------- |
| Total | $688 | 6 |

## References

- Implementation: [AaveV2Ethereum](https://github.com/bgd-labs/aave-proposals-v3/blob/1fc20756f3dc38186c107838f4928786d231672f/src/20240509_AaveV2Ethereum_ChaosLabsEthereumV2LTReductions/AaveV2Ethereum_ChaosLabsEthereumV2LTReductions_20240509.sol)
- Tests: [AaveV2Ethereum](https://github.com/bgd-labs/aave-proposals-v3/blob/1fc20756f3dc38186c107838f4928786d231672f/src/20240509_AaveV2Ethereum_ChaosLabsEthereumV2LTReductions/AaveV2Ethereum_ChaosLabsEthereumV2LTReductions_20240509.t.sol)
- [Discussion](https://governance.aave.com/t/arfc-chaos-labs-ethereum-v2-lt-reductions-05-06-2024/17598)

## Copyright

Copyright and related rights waived via [CC0](https://creativecommons.org/publicdomain/zero/1.0/).

</details>

### Check: Reports all state changes :white_check_mark:
Expand All @@ -28,15 +61,15 @@
TransparentUpgradeableProxy at `0x9AEE0B04504CeF83A65AC3f0e838D0593BCb2BC7`[:ghost:](https://github.com/bgd-labs/aave-address-book "GovernanceV3Ethereum.GOVERNANCE") with implementation Governance at `0x58BcB647C4beFf253B4B6996c62F737B783f2cDd`
```diff
@@ `_proposals` key `"105".state` @@
- 2074356140576797236079618444165379
+ 2074356140576797236079618444165380
- 2074356140576797236079618914451715
+ 2074356140576797236079618914451716
```

TransparentUpgradeableProxy at `0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5`[:ghost:](https://github.com/bgd-labs/aave-address-book "GovernanceV3Ethereum.PAYLOADS_CONTROLLER") with implementation PayloadsController at `0x7222182cB9c5320587b5148BF03eeE107AD64578`
```diff
@@ Slot `0xbb77812a8fa7fa6a572953fea9126358f3aec9cde938b0c1788d783c38ffd2cb` @@
- "0x0000000000006644baff010157ab7ee15ce5ecacb1ab84ee42d5a9d0d8112922"
+ "0x006647474f006644baff020157ab7ee15ce5ecacb1ab84ee42d5a9d0d8112922"
+ "0x0066476357006644baff020157ab7ee15ce5ecacb1ab84ee42d5a9d0d8112922"
```

TransparentUpgradeableProxy at `0xEd42a7D8559a463722Ca4beD50E0Cc05a386b0e1`[:ghost:](https://github.com/bgd-labs/aave-address-book "GovernanceV3Ethereum.CROSS_CHAIN_CONTROLLER") with implementation CrossChainControllerUpgradeRev2 at `0x28559c2F4B038b1E836fA419DCcDe7454d8Fe215`
Expand Down
104 changes: 97 additions & 7 deletions reports/proposals/106.md
Original file line number Diff line number Diff line change
Expand Up @@ -4,20 +4,110 @@

## Proposal 106

- Simulation: [https://dashboard.tenderly.co/me/simulator/47005fd7-a879-41b1-8df8-29d5c14c3648](https://dashboard.tenderly.co/me/simulator/47005fd7-a879-41b1-8df8-29d5c14c3648)
- Simulation: [https://dashboard.tenderly.co/me/simulator/a94e6ff9-ae1b-4c09-bea7-f9b2dde060a8](https://dashboard.tenderly.co/me/simulator/a94e6ff9-ae1b-4c09-bea7-f9b2dde060a8)
- state: Active
- creator: 0x57ab7ee15cE5ECacB1aB84EE42D5A9d0d8112922
- maximumAccessLevelRequired: 1
- payloads:
[{"chain":"1","accessLevel":1,"payloadsController":"0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5","payloadId":128}]
- createdAt: [15/05/2024, 16:22:35](https://etherscan.io/tx/0xfe41d70d2336aec8a03403ac60068dd260e61acb58190eba8a333924982d3e9a)
- simulatedExecutionAt: 17/05/2024, 12:02:23, timestamp: 1715947343, block: 19889562
- simulatedExecutionAt: 17/05/2024, 14:02:11, timestamp: 1715954531, block: 19890158
### Ipfs

<details>
<summary>problem fetching ipfs metadata</summary>
<summary>Deprecation of Small-cap Stablecoins on V2 Ethereum</summary>

problem fetching ipfs metadata

## Simple Summary

A proposal to deprecate USDP, GUSD, LUSD, FRAX, and sUSD on Aave V2

## Motivation

Following our ongoing efforts to deprecate the V2 markets and following the recent USDP volatility and subsequent freeze, we propose deprecating smaller market cap stablecoins on V2.

#### Deprecation Phase I

Recent events have highlighted the need for Aave to reduce its V2 exposure to lesser-used stablecoins, many of which have limited liquidity, thus allowing for price manipulation and other potentially harmful events. Previously, the community followed a two-phase process to deprecate stablecoins, with BUSD and TUSD as examples. Given the success of these, we propose a similar path forward. Notably, none of the below stablecoins are collateral assets, reducing the complication of the process.

For USDP, GUSD, LUSD, FRAX, and sUSD we propose the following parameters:

| Parameter | Proposed Value |
| ----------------- | -------------- |
| Reserve Factor | 95% |
| Borrowing Enabled | No |
| Base Rate | 3% |
| Slope1 | +3% |
| Slope2 | 200% |
| UOptimal | 20% |

The goal of Phase I is to increase borrower APR to encourage borrowers to repay their loans; this is achieved through higher Base Rate, Slope1, Slope2, and lower UOptimal. Additionally, we recommend leaving them frozen to prevent new supplies and borrowings. Finally, we increase the reserve factor to reduce supply APY, reducing the attractiveness of supply as borrowers pay increased rates.

Following observations from Phase I, we may move to further decrease UOptimal, increase Reserve Factor, and increase Slope2.

## Specification

USDP
| Parameter | Current Value | Proposed Value |
|-------------------|---------------|----------------|
| Reserve Factor | 45% | 95% |
| Borrowing Enabled | Yes | No |
| Base Rate | 0% | 3% |
| Slope1 | 12% | 15% |
| Slope2 | 75% | 200% |
| UOptimal | 80% | 20% |

GUSD
| Parameter | Current Value | Proposed Value |
|-------------------|---------------|----------------|
| Reserve Factor | 45% | 95% |
| Borrowing Enabled | Yes | No |
| Base Rate | 0% | 3% |
| Slope1 | 12% | 15% |
| Slope2 | 150% | 200% |
| UOptimal | 70% | 20% |

LUSD
| Parameter | Current Value | Proposed Value |
|-------------------|---------------|----------------|
| Reserve Factor | 50% | 95% |
| Borrowing Enabled | Yes | No |
| Base Rate | 0% | 3% |
| Slope1 | 12% | 15% |
| Slope2 | 75% | 200% |
| UOptimal | 80% | 20% |

FRAX
| Parameter | Current Value | Proposed Value |
|-------------------|---------------|----------------|
| Reserve Factor | 55% | 95% |
| Borrowing Enabled | Yes | No |
| Base Rate | 0% | 3% |
| Slope1 | 12% | 15% |
| Slope2 | 100% | 200% |
| UOptimal | 80% | 20% |

sUSD
| Parameter | Current Value | Proposed Value |
|-------------------|---------------|----------------|
| Reserve Factor | 55% | 95% |
| Borrowing Enabled | Yes | No |
| Base Rate | 0% | 3% |
| Slope1 | 12% | 15% |
| Slope2 | 100% | 200% |
| UOptimal | 80% | 20% |

## References

- Implementation: [AaveV2Ethereum](https://github.com/bgd-labs/aave-proposals-v3/blob/8a8b08961887ec193aa153fe3ff8322d3b8a53f2/src/20240502_AaveV2Ethereum_DeprecationOfSmallCapStablecoinsOnV2Ethereum/AaveV2Ethereum_DeprecationOfSmallCapStablecoinsOnV2Ethereum_20240502.sol)
- Tests: [AaveV2Ethereum](https://github.com/bgd-labs/aave-proposals-v3/blob/8a8b08961887ec193aa153fe3ff8322d3b8a53f2/src/20240502_AaveV2Ethereum_DeprecationOfSmallCapStablecoinsOnV2Ethereum/AaveV2Ethereum_DeprecationOfSmallCapStablecoinsOnV2Ethereum_20240502.t.sol)
- [Snapshot](https://snapshot.org/#/aave.eth/proposal/0xf6aaa50a6a76f44df9cfbbb760ca80878854dd16d88b16a3fc0f5fa6920741f0)
- [Discussion](https://governance.aave.com/t/arfc-deprecation-of-small-cap-stablecoins-on-v2-ethereum/17484/1)

## Copyright

Copyright and related rights waived via [CC0](https://creativecommons.org/publicdomain/zero/1.0/).

</details>

### Check: Reports all state changes :white_check_mark:
Expand All @@ -28,15 +118,15 @@
TransparentUpgradeableProxy at `0x9AEE0B04504CeF83A65AC3f0e838D0593BCb2BC7`[:ghost:](https://github.com/bgd-labs/aave-address-book "GovernanceV3Ethereum.GOVERNANCE") with implementation Governance at `0x58BcB647C4beFf253B4B6996c62F737B783f2cDd`
```diff
@@ `_proposals` key `"106".state` @@
- 2074367499643798335135343983395075
+ 2074367499643798335135343983395076
- 2074367499643798335135344454467843
+ 2074367499643798335135344454467844
```

TransparentUpgradeableProxy at `0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5`[:ghost:](https://github.com/bgd-labs/aave-address-book "GovernanceV3Ethereum.PAYLOADS_CONTROLLER") with implementation PayloadsController at `0x7222182cB9c5320587b5148BF03eeE107AD64578`
```diff
@@ Slot `0x3429d6fa9db26e5631128d8185584d24f10323af033be7ff252ec8822b07bae1` @@
- "0x0000000000006644e0eb010157ab7ee15ce5ecacb1ab84ee42d5a9d0d8112922"
+ "0x006647474f006644e0eb020157ab7ee15ce5ecacb1ab84ee42d5a9d0d8112922"
+ "0x0066476363006644e0eb020157ab7ee15ce5ecacb1ab84ee42d5a9d0d8112922"
```

TransparentUpgradeableProxy at `0xEd42a7D8559a463722Ca4beD50E0Cc05a386b0e1`[:ghost:](https://github.com/bgd-labs/aave-address-book "GovernanceV3Ethereum.CROSS_CHAIN_CONTROLLER") with implementation CrossChainControllerUpgradeRev2 at `0x28559c2F4B038b1E836fA419DCcDe7454d8Fe215`
Expand Down

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