Optimism Mainnet’s upgrade to Bedrock has been set to June 6, 2023 at 16:00 UTC. As a result of the upgrade, there is expected to be 2-4 hours of downtime for OP Mainnet. On upgrade day, transactions, deposits, and withdrawals will be unavailable for the duration of the downtime.
Gauntlet is continuing to assess the potential market risks and will keep the community informed. We welcome thoughts from the community in the meantime.
Welcome input from the community.
After analyzing the Bedrock update, Gauntlet’s analysis does not predict that anything abnormal will happen to Aave compared to the Optimism L2 as a whole. The chain is expected to be down for 2-4 hours starting June 6 16:00 UTC, so there could be potential price dislocation between Optimism and mainnet once the upgrade finishes, due to natural asset price variance. However, the Price Oracle Sentinel - which will give users a grace period to top up necessary positions following the update - will be implemented by then as well, so any potential price dislocations are not expected to have a significant impact on the risk on Aave.
Hence, we do not have further recommendations with respect to the Bedrock upgrade at this time.
From the technical side, we have provide an analysis for the community about Bedrock on BGD. Technical analysis Aave <> Optimism Bedrock upgrade