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BGD. Swap of price feed of xSUSHI on Aave v2 Ethereum

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governance.aave.com

TL;DR:

Bgdlabs proposed to switch the xSUSHI price adapter feed to the Chainlink calculated xSUSHI/ETH feed on Aave v2 Ethereum for better gas cost efficiency. After thorough examination and positive community response, the proposal was approved and successfully implemented, marking a significant step towards optimizing gas costs and reducing risk.

The discussion primarily revolved around a proposal put forth by Bgdlabs to switch the existing xSUSHI price adapter feed for the Chainlink calculated xSUSHI/ETH feed on Aave v2 Ethereum. The motivation behind this suggestion was to enhance gas cost efficiency and adhere to best practices. While the current adapter price feed is operational, it is less efficient in terms of gas cost and risk compared to an off-chain calculated equivalent feed.

The proposal was thoroughly examined and back-tested, with results indicating that the swap would not lead to any significant issues. Consequently, a governance proposal was initiated to facilitate the price feed swap1. The community responded positively to this proposal, leading to its approval. As a result, the xSUSHI price feed has been successfully swapped to the Chainlink calculated xSUSHI/ETH on Aave v2 Ethereum3. This change signifies a significant step towards optimizing gas costs and reducing risk in the community's operations.

Posted 10 months ago

Last reply 9 months ago

Summary updated 2 months ago

Last updated 04/12 00:18