Reading time saved: 1 minutes
6 replies, 822 views, 3 likes
The discussion focused on a proposal by Llamaxyz to increase the MaticX Supply Cap on Polygon v3 from 38.0M to 50.6M units due to high utilisation and expected large deposits. Despite some waiting for community alignment on killswitch options, the proposal is moving towards a vote, indicating a proactive approach to managing the platform's capacity for yield maximising strategies.
The discussion primarily revolved around the proposal by Llamaxyz to increase the MaticX Supply Cap on Polygon v3 from 38.0M units to 50.6M units. This proposal was made in light of the current Supply Cap's utilisation being around 87.9% and the expected large deposit of 10M-15M units on Aave v3. The aim of this proposal is to ensure there is enough capacity for yield maximising strategies to grow, particularly with the ongoing Liquidity Mining (LM) and MaticX deposit growth1.
ChaosLabs expressed their support for the proposed increase, stating that it aligns with the community's preference for Supply Cap Limits for LSTs. However, they also mentioned that they are waiting for feedback from Gauntlet to proceed with the updates2. In response, Gauntlet suggested waiting for community alignment on potential killswitch options before increasing supply caps. They also mentioned that if the community wishes to increase the MaticX cap on Polygon, it should go through AIP4.
MarcZeller stated that the proposal was not controversial and failed to reach the quorum mainly due to the main delegates being at EthCC. He announced that unless there’s vocal opposition, the ACI will rebroadcast this AIP for a vote5. He later confirmed that AIP-278 has been published and voting will start the following day6. This suggests that the community is moving towards a vote on the proposed increase in the MaticX Supply Cap, indicating a proactive approach to managing the platform's capacity for yield maximising strategies.
Posted 5 months ago
Last reply 3 months ago
Summary updated 2 months ago
Last updated 09/12 13:52