LWC- passing static data to a LWC (lightning-input-rich-text) not populating on load. Passing strings from Aura Comp to LWC

.js file 

import { LightningElement, api, track } from 'lwc';
export default class RichTextExample extends LightningElement {
    @api label
    @api placeholder
    @api variant
    @api auraId
    @api value
    @api valid
    @api blur
    formats=['size', 'bold', 'italic', 'underline',
    'strike', 'list', 'indent', 'align',
    'clean', 'table', 'header', 'color', 
    'code', 'code-block','script', 'link', 'blockquote', 'background'];
}

.html

<template>
    <lightning-input-rich-text
        aura:id={auraId}    
        label={label}
        value={value}
        placeholder={placeholder}
        valid={valid}
        onblur={blur}
        formats={formats}
        variant={variant}
        >
    </lightning-input-rich-text>
</template>

Passing data to LWC from my Aura Component: 

<c:testRichTextEditor aura:id="description"
                      label="Description"
                      value=""
                      placeholder="Enter the full description of the issue."
                      valid="{!v.description_valid}"
                      blur="{!c.handleDescriptionBlur}"
                                   variant="bottom-toolbar" 
                                   ></c:testRichTextEditor>