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Proposal overview

increase supply cap for cbETH Aave Ethereum V3

Executed

Executed on 

Apr 03, 2023

Simple Summary

This AIP proposal presents Aave with the opportunity to increase cbETH supply cap on the Ethereum v3 Liquidity Pool.

Motivation

Supporting LSDs diversity is part of the Aave-Chan Initiative (ACI) delegate platform.

The ACI does not have any link nor is paid by Coinbase or any entity to present this AIP.

Supply cap is suggested for this asset to limit risk exposure, the caps have been proposed by a join collaboration between Gauntlet & Chaos Labs.

Specification

Ticker: cbETH

Contract Address: 0xbe9895146f7af43049ca1c1ae358b0541ea49704

Risk ParameterCurrent ValueProposed Value
Supply Cap30K60K
contract AaveV3EthCBETHSupplyCapUpdate_20230328 is AaveV3PayloadEthereum {
  function capsUpdates() public pure override returns (IEngine.CapsUpdate[] memory) {
    IEngine.CapsUpdate[] memory capsUpdate = new IEngine.CapsUpdate[](1);

    capsUpdate[0] = IEngine.CapsUpdate({
      asset: AaveV3EthereumAssets.cbETH_UNDERLYING,
      supplyCap: 60_000,
      borrowCap: EngineFlags.KEEP_CURRENT
    });

    return capsUpdate;
  }
}

References

A list of relevant links like for this proposal e.g.

Security Considerations

The proposal Payload was reviewed by Bored Ghost Developing.

Copyright

Copyright and related rights waived via CC0.

Your voting info

Voting results

YAE

488,588

AAVE

100.00%

NAY

0

AAVE

0%

Votes

State
Executed

Executed on 

Apr 03, 2023
Quorum
Reached
Current votes

Required

488.58K

320.00K

Differential
Reached
Current differential

Required

488.58K

80,000.00

Total voting power

16,000,000

Proposal details

Created

Block

29 Mar 2023, 12:58 UTC +00:00

16933097

Started

Block

30 Mar 2023, 13:15 UTC +00:00

16940297

Ended

Block

2 Apr 2023, 05:15 UTC +00:00

16959497

Executed

3 Apr 2023, 05:59 UTC +00:00

Author

Marc Zeller (@marczeller), Aave-Chan initiative

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