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A proposal to raise asset caps in the Aave V3 GnosisChain market aims to foster growth, with community feedback mostly supportive and suggesting a balanced approach to cap increases. Next steps involve further community input, a snapshot vote, and possibly an AIP stage if consensus is reached.
The discussion revolves around a proposal to increase the caps for various assets in the Aave V3 GnosisChain market. This proposal, introduced by MarcZeller1, is aimed at supporting the market's growth, which has shown promising signs with nearly $20M in liquidity shortly after its launch. The assets considered for cap increases include wstETH, WETH, GNO, sDAI, wxDAI, USDC, and EURe. The community is invited to provide feedback, which will be followed by a snapshot stage and potentially an AIP stage.
The community's reaction includes support and constructive feedback. 0xkeyrock.eth3 expressed support for the cap increase. ChaosLabs2 acknowledged the proposal and indicated that they would provide recommendations soon, also mentioning a Risk Steward proposal for an immediate increase of several assets. Gauntlet4 provided a detailed response, suggesting a more conservative approach to cap increases, aligning them with cap usage to maintain balance with liquidity and borrow usage changes. They provided specific cap adjustment recommendations, often suggesting lower increases than the original proposal, and emphasized the importance of considering the market's maturity and the collateralization of stable debt by certain assets.
We have not been able to determine whether this will be negative.
The next steps for the proposal include gathering community feedback, proceeding to a snapshot stage, and potentially moving to an AIP stage if the feedback is positive and the community reaches a consensus.
Posted 23 days ago
Last reply 13 days ago
Summary updated 10 days ago
Last updated 04/12 00:17