Re-enable ETH Borrowing
Simple Summary
Re-enable ETH borrowing in the Aave V2 Ethereum market.
Abstract
AIP-97 paused ETH borrowing on the Aave V2 Ethereum market to mitigate the risk of high utilization ahead of the Ethereum Merge. Now that the Ethereum Merge has passed, this proposal re-enables ETH borrowing to revert the market back to normal conditions.
Motivation
Full details are provided in the original forum post.
Given the timing of the Merge, this proposal allows for a few days of monitoring post-Merge before this proposal can be executed. Should conditions turn undesirable, voters should vote No, and this proposal should be canceled.
Specification
- The proposal calls
enableBorrowingOnReserve
with the parametersaddress
=0xC02aaA39b223FE8D0A0e5C4F27eAD9083C756Cc2
(WETH address on mainnet) andstableBorrowRateEnabled
astrue
.
Copyright
Copyright and related rights waived via CC0.
By approving this proposal, you agree that any services provided by Gauntlet shall be governed by the terms of service available at gauntlet.network/tos.
Voter | Cast Power | Vote & Rationale |
---|---|---|
aave.standard-crypto.eth | 166,667 | YAE |
0xaFDA...353a6E | 94,642 | YAE |
0xc4a9...062935 | 92,530 | YAE |
0x55B1...09f262 | 67,231 | YAE |
lucasvo.eth | 45,896 | YAE |
VOTE POWER
Proposal Status
- Published Onchain
gauntletgov.eth
- Tue September 13 2022, 08:54 pmVoting Period Starts
- Fri September 16 2022, 07:24 pmEnd Voting Period
- Fri September 16 2022, 10:10 pmQueue Proposal
- Sun September 18 2022, 05:24 amExecute Proposal
Current Results
1-YAE
503,812.62
2-NAY
1.548