161-aave-v3-ethereum-update-cbETH-supply-cap.md

Proposal 161. Aave v3 Ethereum - update cbETH supply cap

Voting link

https://app.aave.com/governance/proposal/?proposalId=161

Governance forum discussion

https://governance.aave.com/t/arfc-increase-supply-cap-for-cbeth-aave-ethereum-v3/11869

BGD analysis

Proposal types

🔧 📊 params-update

Context

This proposal increases the supply cap of cbETH on Aave v3 Ethereum.

Proposal creation

Transaction: https://etherscan.io/tx/0x2e464c72a3a106955bc4d0356e30d640ddd6dcf8785ab093da040d24eec3360c

- id: 161
- creator: 0x329c54289ff5d6b7b7dae13592c6b1eda1543ed4
- executor: 0xee56e2b3d491590b5b31738cc34d5232f378a8d5
- targets: [0x4e3728f85818780451e1f44fa3689c85a1229801]
- values: [0]
- signatures: [execute()]
- calldatas: [0x]
- withDelegatecalls: [true]
- startBlock: 16678210
- endBlock: 16697410
- strategy: 0xb7e383ef9b1e9189fc0f71fb30af8aa14377429e
- ipfsHash: 0xf7ac3c7b7252b6ca6ee17efb10f9f31c9f22bfb737573085b3e57d89456be123

Aave Seatbelt report

https://github.com/bgd-labs/seatbelt-for-ghosts/blob/main/reports/Aave/0xEC568fffba86c094cf06b22134B23074DFE2252c/161.md

Technical analysis

The proposal payload simply interacts with the PoolConfigurator of Aave v3 Ethereum to update the supply cap of cbETH from 10'000 cbETH to 20'000 cbETH by calling the setSupplyCap() function.

BGD validations

✅ The code on the proposal payload corresponds to the proposal specification.

✅ The proposal includes a proper tests suite, checking all necessary post-conditions.

✅ BGD reviewed the payload before the proposal was submitted.

✅ Only one payload used via delegatecall

✅ BGD reviewed the procedure followed to submit the proposal.