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The Aave community is discussing proposed adjustments to risk parameters for seven V3 Polygon and Arbitrum assets, including updates to supply and borrow caps for assets with over 85% utilization. The community is also invited to vote on AIP-155 and a proposal to increase the BAL reserve on Polygon v3, with a Snapshot vote to follow in 5 days.
The community has been actively discussing proposed adjustments to risk parameters across seven Aave V3 Polygon and Arbitrum assets, as put forward by ChaosLabs. The proposal aims to update supply and borrow caps for V3 assets that have reached over 85% utilization of either cap. Notably, the borrow caps for DAI, USDC, and USDT on Polygon are proposed to be updated to allow growth on V3 and room for the migration of positions from V2. However, Pauljlei has raised concerns about the proposed increase in the supply cap of BAL, citing a potential concentration risk for the Aave Polygon v3 market.
The community is also considering the supply cap of WETH and LINK on Arbitrum, with recommendations to double their current supplies. However, the current borrow caps for these assets are not recommended for updating as they are at less than 33% and 10% utilization respectively. Sakulstra has questioned the rationale behind keeping massive 2B supply caps, leading to ChaosLabs updating the recommendations to reduce the supply caps for DAI, USDC, USDT, and EURS.
The community is now invited to vote on AIP-155, which was published by ChaosLabs. The vote will start in 24 hours. Meanwhile, Llamaxyz has published a proposal to shift the community's discussion towards the BAL reserve on Polygon v3, suggesting a modest increase to the SupplyCap from 361,000 units to 400,000 units. The community's input is requested on these proposals, and a Snapshot vote will follow in 5 days, barring any objections.
Posted 10 months ago
Last reply 8 months ago
Summary updated 2 months ago
Last updated 08/12 04:39