x23.ai

alpha

[ARFC] - Chaos Labs Risk Stewards - Increase Borrow Caps on V3 Ethereum - 08.22.2023

4 replies, 366 views, 3 likes

governance.aave.com

TL;DR:

ChaosLabs proposed to double the borrow cap for rETH and LUSD on Aave V3 Ethereum due to high utilization rates, which was agreed upon and successfully implemented by Gauntlet, aiming to improve the platform's functionality.

The discussion primarily revolved around the proposal by ChaosLabs to increase the borrow cap for LUSD and rETH on Aave V3 Ethereum. This suggestion was made in response to the high utilization rates observed. The proposed changes included doubling the current borrow cap for rETH from 4.8K to 9.6K and for LUSD from 4M to 8M1. This proposal was met with agreement from Gauntlet, another influential member of the community2.

Following the consensus, ChaosLabs took the initiative to prepare the payload to be executed via the Risk Steward process3. The implementation of these changes was successfully carried out by Gauntlet4. This adjustment to the borrow cap is expected to alleviate the high utilization rates and improve the overall functionality of Aave V3 Ethereum. The discussion concluded with the successful implementation of the proposed changes, marking a significant development in the community's ongoing efforts to optimize the platform.

Posted 3 months ago

Last reply 2 months ago

Summary updated 2 months ago

Last updated 03/12 08:00