[ARFC] Increase Supply Cap for wstETH Aave V3 Arbitrum

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The discussion focused on Daverona's proposal to double the wstETH supply cap on the Aave V3 Arbitrum market, due to increasing demand. However, after concerns were raised, the proposal was revised to a 50% increase, aligning with Gauntlet's recommendations and community comfort levels.

The discussion primarily revolved around a proposal by Daverona to double the supply cap of wstETH on the Aave V3 Arbitrum market from 4,650 to 9,300 wstETH1. The intention behind this proposal was to cater to the increasing market demand within the Arbitrum ecosystem. However, Fig expressed reservations about the proposed 100% increase, suggesting a more gradual, phased approach2.

In the course of the discussion, Pauljlei brought up Gauntlet's recommendations for the next steps3. Responding to the concerns and suggestions, Daverona, a regular Aave user based in Europe, made a case for the high demand for wstETH. They highlighted the discrepancy between the supply caps on Optimism and Arbitrum, with the latter being more popular yet having a lower cap. Consequently, Daverona proposed a revised increase of 50% to 7,000 wstETH, aligning with Gauntlet's methodologies4.

In conclusion, while there was a consensus on the need to increase the supply cap of wstETH on the Aave V3 Arbitrum market, the extent of the increase remained a point of contention. The discussion ended with a revised proposal for a 50% increase, which seemed to be more in line with the community's comfort level and Gauntlet's recommendations.

Posted 8 months ago

Last reply 8 months ago

Summary updated 2 months ago

Last updated 09/12 13:52