[ARFC] Upgrade PT Risk Oracle to Protocol-Owned Infrastructure on CRE
AI summary
This proposal by LlamaRisk aims to upgrade the Pendle PT (Principal Token) risk oracle for Aave to a fully automated, protocol-owned system. It will use Chainlink Runtime Environment (CRE) workflows to calculate and update risk parameters like implied rates and loan-to-value ratios. The goal is to move from a manual, off-chain process to a transparent, on-chain infrastructure where all methodology, inputs, and changes are recorded and verifiable by the Aave DAO.
If passed, Aave's risk management for Pendle PTs will become more transparent and automated, reducing reliance on manual processes and external entities. This benefits the Aave DAO by giving it direct control and visibility over risk parameter calculations, potentially improving the protocol's security and resilience. There are no direct financial losses to any party, but the change requires new infrastructure development.
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12 votes > 5% VPFull proposal
[ARFC] Upgrade PT Risk Oracle to Protocol-Owned Infrastructure on CRE
Summary
LlamaRisk proposes upgrading the Pendle PT risk oracle stack to an automated pipeline that enhances Aave's protocol-owned risk infrastructure: Aave Governance owns every contract, the risk manager only proposes, and every parameter and tuning decision is recorded onchain. The proven linear discount-rate model and the Risk Agents middleware carry over unchanged; what changes is the offch…