This proposal authorizes an initial raising of the debt cap by 2000 alETH to a total of 6000 alETH. It also authorizes two subsequent raises of the debt cap to 8000 and 10,000 alETH respectively if market conditions are healthy enough.
For more context, read the AIP here: https://forum.alchemix.fi/public/d/233-aip-27-raise-aleth-debt-cap