An SVG of an eye

Proposal overview

Risk Parameter Updates for Ethereum v3 (05/09/2023)

Executed

Executed on 

May 21, 2023

Simple Summary

A proposal to make parameter changes on Ethereum v3. For more details, see the full forum post here.

Motivation

Asset LUSD borrow cap usage is at 79%. As per our Methodology, Gauntlet would support increasing the borrow cap for this stablecoin to 4M.

Specifications

ETH v3

AssetCurrent CapBorrow Cap Recommendation
LUSD2.4M4M

Implementation

The proposal implements changes on Aave V3 Ethereum using the following pre-deployed payload:

Copyright

Copyright and related rights waived via CC0.

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Your voting info

Voting results

YAE

520,826

AAVE

100.00%

NAY

0

AAVE

0%

Votes

State
Executed

Executed on 

May 21, 2023
Quorum
Reached
Current votes

Required

520.82K

320.00K

Differential
Reached
Current differential

Required

520.82K

80,000.00

Total voting power

16,000,000

Proposal details

Created

Block

16 May 2023, 02:58 UTC +00:00

17269465

Started

Block

17 May 2023, 03:21 UTC +00:00

17276665

Ended

Block

19 May 2023, 19:21 UTC +00:00

17295865

Executed

21 May 2023, 05:04 UTC +00:00

Author

Paul Lei, Watson Fu, Nick Del Zingaro, Walter Li, Jonathan Reem, Nick Cannon, Garrett Peterson, Sarah Chen