AAVE

    Proposal overview

    Freeze TUSD Reserve on Aave V2 Ethereum

    Executed

    Executed on 

    Jul 03, 2023

    Simple Summary

    This AIP proposes to Freeze the TUSD reserve on the Aave V2 Ethereum pool

    Motivation

    Following recent events with the TUSD asset, The ACI propose to freeze the TUSD reserve on the Aave V2 Ethereum pool. This will prevent users from depositing or borrowing TUSD on the Aave V2 Ethereum pool. This will not affect current positions. Users will still be able to repay and withdraw TUSD from the Aave V2 Ethereum pool. This AIP is designed to take a conservative approach to the TUSD situation. It will allow the community to take a step back and assess the situation before making any further decisions.

    Specification

    This AIP will call freezeReserve() method from the Aave V2 Pool Configurator contract for TUSD.

    contract AaveV2FreezeReserves_20230627 is IProposalGenericExecutor {
      address public constant TUSD = AaveV2EthereumAssets.TUSD_UNDERLYING;
    
      function execute() external {
        AaveV2Ethereum.POOL_CONFIGURATOR.freezeReserve(TUSD);
      }
    }
    

    References

    Copyright

    Copyright and related rights waived via CC0.

    Your voting info

    Voting results

    YAE

    561,800

    AAVE

    83.76%

    NAY

    108,961

    AAVE

    16.24%

    Top 10 addresses

    Votes

    State
    Executed

    Executed on 

    Jul 03, 2023
    Quorum
    Reached
    Current votes

    Required

    561.80K

    320.00K

    Differential
    Reached
    Current differential

    Required

    452.83K

    80,000.00

    Total voting power

    16,000,000

    Proposal details

    Created

    Block

    28 Jun 2023, 11:34 UTC +00:00

    17577551

    Started

    Block

    29 Jun 2023, 11:47 UTC +00:00

    17584751

    Ended

    Block

    2 Jul 2023, 03:47 UTC +00:00

    17603951

    Executed

    3 Jul 2023, 04:29 UTC +00:00

    Author

    Marc Zeller (@marczeller), Aave-Chan initiative

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