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Due to high utilization rates, ChaosLabs proposed to increase the supply and borrow cap for WETH and the supply cap for METIS on Aave V3 Metis. The proposal was agreed upon and successfully implemented, marking the conclusion of the discussion.
The discussion primarily revolved around the proposal by ChaosLabs to increase the supply and borrow cap for WETH and the supply cap for METIS on Aave V3 Metis. This was due to the high utilization rates, with the supply and borrow cap for WETH reaching 70% and 90% utilization respectively, and METIS supply cap hitting 100% utilization on the V3 Metis deployment. The proposed solution was to increase both the supply and borrow caps for WETH by 1.5X to 300 WETH and 90 WETH, respectively, and for METIS, to double the supply cap to 60,0001.
The proposal was met with agreement from Gauntlet2, leading to ChaosLabs preparing the payload to be executed via the Risk Steward process3. The changes were subsequently implemented by Gauntlet4. This marked the conclusion of the discussion, with the community reaching a consensus on the need to increase the caps and successfully implementing the changes.
Posted 4 months ago
Last reply 3 months ago
Summary updated 2 months ago
Last updated 06/12 00:43