[AAVE] Increase weETH Caps on Base
Simple Summary
This is a Direct-to-AIP proposal to raise the supply caps for weETH on Base to accommodate growing demand and participate in Superchain rewards programs.
Motivation
weETH has been consistently hitting its current supply cap across networks, often immediately after risk steward raises caps.
We propose this ARFC to increase the supply caps, which will bring in in line with market demand and allow new depositors to participate in OP rewards from Optimism’s Superfest program.
Specification
Supply cap for weETH on Aave V3 Base will be increased to 20,000 weETH. The borrow cap will be increased to 9,000 weETH.
References
- Implementation: AaveV3Base
- Tests: AaveV3Base
- Snapshot: Direct-to-AIP
- Discussion
Copyright
Copyright and related rights waived via CC0.
Off-Chain Vote
YAE
10 HVAXVC100%
NAY
0 HVAXVC0%
Discussion
Timeline
Jul 16, 2024Proposal created
Jul 17, 2024Proposal vote started
Jul 19, 2024Proposal vote ended
Mar 26, 2026Proposal updated