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The community discussed and decided on increasing the supply and borrow caps for BAL and EURS assets on Polygon v3 and Arbitrum v3, with the implementation of these changes reflecting the community's active participation and adaptability. An existing proposal to increase the supply cap for WBTC on V3 Polygon was also addressed, and an AIP was announced and confirmed for publication.
The discussion primarily revolved around the proposal to increase the supply and borrow caps for BAL and EURS assets on Polygon v3 and Arbitrum v3 respectively, as suggested by Seawolf. This was due to the assets exceeding the 75% threshold. The proposed caps for EURS on Arbitrum v3 were set at 65,000 for both supply and borrow, with an option for the community to adopt a more aggressive methodology and raise the caps to 100k. However, no changes were recommended for BAL due to its low circulating supply on Polygon and to prevent excess concentration risk for the protocol1.
ChaosLabs brought up an existing proposal to increase the supply cap for WBTC on V3 Polygon2, which led to Seawolf editing the recommendation to avoid redundancy3. In the midst of these discussions, Pauljlei announced and later confirmed the publication of an AIP on Wednesday 5/3/20234,5. The discussion concluded with Gauntlet confirming the implementation of the parameter changes on-chain and expressing gratitude to the community for their participation6.
In conclusion, the community actively discussed and made decisions on the supply and borrow caps for various assets. The implementation of these changes indicates the community's active participation and responsiveness to the evolving needs of the protocol.
Posted 7 months ago
Last reply 7 months ago
Summary updated 2 months ago
Last updated 03/12 14:23