Aave

Simple Summary

This AIP proposal presents Aave with the opportunity to increase wstETH supply cap on the Arbitrum v3 Liquidity Pool.

Motivation

wstETH has reached approximately 95% of its supply cap on Aave V3 Arbitrum.

Increasing this supply cap will enable new Aave users to utilize Aave V3 and allow current users to increase the size of their positions.

The proposed increase is set at a level that allows the market to find a new equilibrium while maintaining a conservative approach.

Specification

Ticker: wstETH (wstETH)

Contract Address: 0x5979d7b546e38e414f7e9822514be443a4800529

Parameter	Current	Proposed
Supply Cap	1200	2400

contract AaveV3ArbwstETHCapsPayload is IProposalGenericExecutor {
  uint256 public constant WSTETH_CAP = 2_400;

  function execute() external {
    AaveV3Arbitrum.POOL_CONFIGURATOR.setSupplyCap(
      AaveV3ArbitrumAssets.wstETH_UNDERLYING,
      WSTETH_CAP
    );
  }
}

References

A list of relevant links like for this proposal e.g.

• forum discussion
• tests
• proposalCode

Security Considerations

The proposal Payload was reviewed by Bored Ghost Developing.

Deployed Contracts

• AaveV3ArbwstETHCapsPayload: ProposalPayload

Copyright

Copyright and related rights waived via CC0.