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ChaosLabs proposed to increase the supply cap for WETH and CRV on Aave V3 Polygon to facilitate migration from V2, a move supported by TokenLogic but met with reservations by Gauntlet for WETH. Despite some opposition, the proposal was prepared for execution, highlighting the community's active role in managing the migration process and supply caps.
The discussion primarily revolved around the proposal by ChaosLabs to increase the supply cap for WETH and CRV on Aave V3 Polygon. The aim was to facilitate the migration of positions from V2. The proposed increase was from 50,000 to 75,000 for WETH and from 1,130,000 to 1,400,000 for CRV1. This proposal was backed by TokenLogic, who also highlighted the need for revised LTV and LT parameters for CRV2.
However, Gauntlet expressed reservations about the increase in the WETH supply cap. They argued that the current Polygon v3 could accommodate the majority of such a migration and suggested waiting for more supply to migrate from v2 before updating the caps4. Despite this, they were in favor of the CRV cap increase.
The proposal was eventually prepared for execution by ChaosLabs via the Risk Steward process5. The CRV update was later executed by Gauntlet6. This discussion underscores the community's active involvement in managing the migration process and the supply caps for WETH and CRV on Aave V3 Polygon.
Posted 5 months ago
Last reply 3 months ago
Summary updated 2 months ago
Last updated 04/12 00:18