Cactus | Aave | Increase Polygon wstETH Supply Cap

Executed

Increase Polygon wstETH Supply Cap

ACI

ID 405

Proposed on: Dec 14th, 2023

Actions

Function 1:

Calldata:

0x00000000000000000000000000000000000000000000000000000000000000890000000000000000000000000000000000000000000000000000000000000001000000000000000000000000401b5d0294e23637c18fcc38b1bca814cda2637c0000000000000000000000000000000000000000000000000000000000000015

Target:0x9AEE0B04504CeF83A65AC3f0e838D0593BCb2BC7 0x9AEE...2BC7

Value:0

title: "Increase Polygon wstETH Supply Cap" author: "Alice Rozengarden (@Rozengarden - Aave-chan initiative)" discussions: "https://governance.aave.com/t/arfc-increase-supply-and-borrow-caps-at-100-utilization-december-2023/15754"

Simple Summary

This AIP proposes to increase supply caps on assets that currently have 100% or close to 100% utilization.

Motivation

The AIP proposes increasing supply caps to meet the ongoing market demand for depositing. This increase will enable new Aave users to join Aave V3 on Polygon and allow existing users to expand their positions. These changes will use the direct-to-AIP framework as those change have been greenlighted by Chaos Labs. Supply caps on assets at supply cap will be increased by 20%.

Specification

Asset	Chain ID	Current Supply Cap	New Supply Cap	Current Borrow Cap	New Borrow Cap
wsETH	Polygon	3.45k	4.37k	285.00	No Change

References

Implementation: AaveV3Polygon, AaveV3Arbitrum
Tests: AaveV3Polygon, AaveV3Arbitrum
[Snapshot](No snapshot for direct-to-AIP)
Discussion

Increase Polygon wstETH Supply Cap

Votes

Proposal