Aave

Simple Summary

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

Motivation

Supporting LSDs diversity is part of the Aave-Chan Initiative (ACI) delegate platform.

The ACI does not have any link nor is paid by Coinbase or any entity to present this AIP.

Supply cap is suggested for this asset to limit risk exposure, the caps have been proposed by a join collaboration between Gauntlet & Chaos Labs.

Specification

Ticker: cbETH

Contract Address: 0xbe9895146f7af43049ca1c1ae358b0541ea49704

Risk Parameter	Current Value	Proposed Value
Supply Cap	20K	30K

contract AaveV3EthCbETHCapsPayload is IProposalGenericExecutor {
  address public constant CBETH = AaveV3EthereumAssets.cbETH_UNDERLYING;

  uint256 public constant CBETH_SUPPLY_CAP = 30_000;

  function execute() external {
    IPoolConfigurator configurator = AaveV3Ethereum.POOL_CONFIGURATOR;

    configurator.setSupplyCap(CBETH, CBETH_SUPPLY_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.

Copyright

Copyright and related rights waived via CC0.