AAVE

    Proposal overview

    Prices operational update. Unify disabled fallback oracles

    Executed

    Executed on 

    Oct 28, 2023

    Simple Summary

    Unify the approach of Aave v1 and Aave v2 fallback oracles with Aave v3: fully disabling it by pointing to address(0), until (if) the community decides to explicitly re-activating them.

    Motivation

    The fallback oracle is a legacy mechanism, currently deprecated, as reliance on the main oracle (Chainlink) is expected, so there is not really much value on fallback.

    Even if currently the community is exploring re-activating the fallback in Aave v3 Optimism, before that, the fallback should be configured on all Aave instances to the null address (address(0)), to be technically fully consistent.

    More specifically, this will affect Aave v1 and all the Aave v2 instances on which there is any inactive fallback connected.

    Specification

    • call ORACLE.setFallbackOracle(address(0)) to replace the fallback oracle with the null address on Aave v1, Aave v2 and Aave v2 AMM

    References

    Copyright

    Copyright and related rights waived via CC0.

    Your voting info

    Voting results

    YAE

    559,437

    AAVE

    100.00%

    NAY

    0

    AAVE

    0%

    Top 10 addresses

    Votes

    State
    Executed

    Executed on 

    Oct 28, 2023
    Quorum
    Reached
    Current votes

    Required

    559.43K

    320.00K

    Differential
    Reached
    Current differential

    Required

    559.43K

    80,000.00

    Total voting power

    16,000,000

    Proposal details

    Created

    Block

    23 Oct 2023, 10:23 UTC +00:00

    18412348

    Started

    Block

    24 Oct 2023, 10:33 UTC +00:00

    18419548

    Ended

    Block

    27 Oct 2023, 02:33 UTC +00:00

    18438748

    Executed

    28 Oct 2023, 03:05 UTC +00:00

    Author

    BGD Labs (@bgdlabs)

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