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MarcZeller proposed to increase the rETH supply cap on the Aave V3 Ethereum market due to high utilization, but later withdrew the proposal due to overlap with Gauntlet's recommendations. The community continues to monitor the situation and will act based on market needs and Gauntlet's advice.
The discussion primarily revolved around a proposal by MarcZeller to increase the rETH supply cap on the Aave V3 Ethereum market. The current cap, set at 10k rETH, was nearing its limit with 77.89% utilization, indicating a strong market demand for depositing this asset. The proposed increase to 20k rETH was intended to provide additional capacity for users, thereby accommodating the growing market demand.
However, the proposal was later withdrawn by MarcZeller due to its overlap with Gauntlet's recommendations for wstETH and rETH on ETH V3 1,2. This decision was made to avoid redundancy and ensure the efficient use of resources within the community.
In conclusion, while there was a clear demand for an increased rETH supply cap on the Aave V3 Ethereum market, the proposal was dropped due to existing recommendations that covered the same ground. The community continues to monitor the situation and will take appropriate action based on the market's needs and the recommendations of Gauntlet.
Posted 8 months ago
Last reply 8 months ago
Summary updated 2 months ago
Last updated 08/12 04:39