AAVE

    Proposal overview

    Allow Emergency Admin to freeze on Aave V2

    Executed

    Executed on 

    Dec 02, 2023

    Simple Summary

    Proposal to allow the emergencyAdmin role to freeze reserves on Aave V2 pools - including Aave V2 AMM, Aave V2 Ethereum, Polygon, and Avalanche; same behavior as on Aave v3. Additionally, Liquidations Grace Sentinel is activated for Aave V2 AMM, following the same approach as AIP 361

    Motivation

    To be consistent with the approved Aave v3 approach of Freezing Stewards (AIP 319), and maintain security across all Aave V2 deployments, the protocol needs to have up-to-date preventative functionality.

    Freezing is a less invasive mechanism compared with pause, which can already be done by the emergencyAdmin on v2.

    Specification

    The proposal payloads will update the freezeReserve() / unfreezeReserve() functions on the pool configurator contract to use the new onlyPoolOrEmergencyAdmin modifier, which allows both the emergency admin (Aave Guardian) and pool admin (governance Executor contract) to freeze and unfreeze reserves.

    On AaveV2Ethereum, AaveV2EthereumAMM, AaveV2Polygon and AaveV2Avalanche the proposal will call:

    • POOL_ADDRESSES_PROVIDER.setLendingPoolConfiguratorImpl(NEW_POOL_CONFIGURATOR);

    To update the pool configurator with the new implementation.

    In addition LendingPoolCollateralManager for Aave V2 AMM is updated analog to AIP 361.

    References

    Copyright

    Copyright and related rights waived via CC0.

    Your voting info

    Voting results

    YAE

    465,805

    AAVE

    100.00%

    NAY

    16

    AAVE

    <0.01%

    Top 10 addresses

    Votes

    State
    Executed

    Executed on 

    Dec 02, 2023
    Quorum
    Reached
    Current votes

    Required

    465.80K

    320.00K

    Differential
    Reached
    Current differential

    Required

    465.78K

    80,000.00

    Total voting power

    16,000,000

    Proposal details

    Created

    Block

    27 Nov 2023, 14:22 UTC +00:00

    18663544

    Started

    Block

    28 Nov 2023, 14:33 UTC +00:00

    18670744

    Ended

    Block

    1 Dec 2023, 06:33 UTC +00:00

    18689944

    Executed

    2 Dec 2023, 07:02 UTC +00:00

    Author

    BGD Labs (@bgdlabs)

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