Proposal overview
Supply/Borrow Cap Updates Polygon and Arbitrum V3
Simple Summary
A proposal to adjust eleven (11) total risk parameters, including Supply Cap and Borrow Cap, across seven (7) Aave V3 Polygon and Arbitrum assets.
Motivation
The objective of this proposal is to recommend updated supply and borrow caps for V3 assets that have reached high utilization of either cap. The recommendations provided in this proposal were derived using Chaos Labs’ Updated Supply and Borrow Cap Methodology
The respective governance forum discussion is linked below:
Specification
The following risk parameter proposal is presented below:
Polygon
| Asset | Current Supply | Current Supply Cap | Recommended Supply Cap | Current Borrow | Current Borrow Cap | Recommended Borrow Cap |
|---|---|---|---|---|---|---|
| BAL | 284,600 | 284,600 | 361,000 | 136,400 | 256,140 | No Change |
| EURS | 2,060,000 | 2,000,000,000 | 4,000,000 | 728,530 | 728,530 | 947,000 |
| DAI | 5,680,000 | 2,000,000,000 | 45,000,000 | 3,160,000 | 3,860,000 | 30,000,000 |
| USDC | 35,590,000 | 2,000,000,000 | 150,000,000 | 18,600,000 | 30,680,000 | 100,000,000 |
| USDT | 5,940,000 | 2,000,000,000 | 45,000,000 | 4,870,000 | 5,060,000 | 30,000,000 |
Arbitrum
| Asset | Current Supply | Current Supply Cap | Recommended Supply Cap | Current Borrow | Current Borrow Cap | Recommended Borrow Cap |
|---|---|---|---|---|---|---|
| LINK | 338,490 | 350,000 | 676,980 | $763,400 | 20,427 | No Change |
| ETH | 17,640 | 20,300 | 35,280 | 3,663 | 11,165 | No Change |
References
Proposal payload implementation - Arbitrum, Polygon
Deployed proposal payload - Arbitrum, Polygon
Copyright
Copyright and related rights waived via CC0.
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Proposal details
Block
15 Feb 2023, 19:14 UTC +00:00
16636156
Block
16 Feb 2023, 19:23 UTC +00:00
16643356
Block
19 Feb 2023, 11:45 UTC +00:00
16662556
Chaos Labs (@ori-chaoslabs, @yhayun)