Proposal overview
Supply/Borrow Cap Updates for Aave v3
Simple Summary
A proposal to:
- Add Borrow Caps for six (6) uncapped assets and amend the Borrow Cap of seven (7) assets across three (3) chains in v3.
- Add Supply Caps for seven (7) uncapped assets on (2) chains in v3.
Motivation
The objective of this proposal by Chaos Labs is to recommend:
- Supply caps for for v3 uncapped assets, taking into account Asset Market Cap, Asset Counter Party Risk, Asset Volume, Asset Liquidity (DEX and CEX based), Historical Liquidations in times of high volatility
- Borrow caps using the AAVE V3 Borrow Caps Methodology.
These are initial supply and borrow caps for these assets and they will be continuosly iterated upon.
The respective governance forum discussion is linked below:
- [ARC] V3 Borrow Cap Recommendations (Fast-track)
- V3 Supply Cap Recommendations for Uncapped Assets (Fast-track)
Specification
The following risk parameter proposal is presented below:
Borrow Caps:
- Arbitrum
- Polygon
- Optimism
Supply Caps:
- Arbitrum
- Optimism
Implementation
Payload implemendations can be found below:
Proposal payloads can be found below:
Copyright
Copyright and related rights waived via CC0.
Your voting info
Voting results
YAE
489,741
AAVE100.00%
NAY
<1
AAVE<0.01%
Votes
State
Executed
Executed on
Dec 25, 2022Quorum
Reached
Current votes
Required
489.74K
320.00K
Differential
Reached
Current differential
Required
489.74K
80,000.00
Total voting power
16,000,000
Proposal details
Created
Block
20 Dec 2022, 20:14 UTC +00:00
16228228
Started
Block
21 Dec 2022, 20:20 UTC +00:00
16235428
Ended
Block
24 Dec 2022, 12:20 UTC +00:00
16254628
Executed
25 Dec 2022, 12:52 UTC +00:00
Author
Chaos Labs (@ori-chaoslabs, @yhayun)