For transparency with the community, now that all the major planned governance proposals of protection remediation have been created, the estimated timeline for every item is the following.
IMPORTANT.
- This assumes the community votes for YES on all the proposals.
- Due to how governance proposals work, execution timing can vary slightly, but in the order of low hours/minutes.
Proposal 358 Disable Stable Borrows
- Created: November 04,10:30 PM UTC
- Estimated execution time: November 10, 15:18 UTC
- The goal was?: the first line of protection, stopping the reported vulnerability
- What unblocks?: in practice nothing; v2 Ethereum will keep being paused as the following proposals are required before unpausing (for security reasons).
Proposal 359 Multichain Stable Debt Token Upgrades
- Created: November 06, 2023, 09:30 PM UTC
- Estimated execution time: November 12th, 2023, 07:30-09:30 PM UTC
- The goal was?: full protection for the vulnerability of all assets being upgraded
- What does it unblock?: it will be possible to unpause all assets on v3 Polygon, v3 Avalanche, v3 Optimism and v3 Arbitrum. CRV on v3 Polygon can’t be unpaused.
Proposal 361 Liquidations Grace Sentinel Activation
- Created: November 07, 2023, 05:20 PM UTC
- Estimated execution time: November 13th, 2023, 03-20-05:20 PM UTC
- The goal was?: activation of the Liquidations Grace Sentinel feature for Aave v2, which risk providers can recommend using to give a grace period for previously paused assets. Additionally, upgrading implementation of extra v2 Ethereum assets and CRV on v3 Polygon.
- What does it unblock?: Full return to operations on all pending Aave instances and assets (v2 Ethereum and CRV on v3 Polygon). If the risk providers recommend adding a liquidations grace period for any asset, the unpause of v2 Ethereum will happen just after that grace period for that specific asset only.