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Proposal overview

Supply/Borrow Cap Updates for Aave v3

Executed

Executed on 

Dec 25, 2022

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:

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

AAVE

100.00%

NAY

<1

AAVE

<0.01%

Top 10 addresses

Votes

State
Executed

Executed on 

Dec 25, 2022
Quorum
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)