188-aave-v3-ethereum-caps-update.md

Proposal 188. Aave v3 Ethereum - wstETH, rETH caps updates

Voting link

https://app.aave.com/governance/proposal/?proposalId=188

Governance forum discussion

https://governance.aave.com/t/arc-gauntlet-recommendations-for-wsteth-and-reth-on-eth-v3/12349

BGD analysis

Proposal types

🔧 📊 params-update

Context

This proposal updates the borrow caps of wstETH and rETH on Aave v3 Ethereum.

Proposal creation

Transaction: https://etherscan.io/tx/0xc70bbe74c4950b6d52bc12b3e803baeb7611a6f271f46dcc806b2d34fc4ecccd

- id: 188
- creator: 0x683a4f9915d6216f73d6df50151725036bd26c02
- executor: 0xee56e2b3d491590b5b31738cc34d5232f378a8d5
- targets: [0xf4d1352b3e9e99fca6aa20f62fe95192a26c9527]
- values: [0]
- signatures: [execute()]
- calldatas: [0x]
- withDelegatecalls: [true]
- startBlock: 16894506
- endBlock: 16913706
- strategy: 0xb7e383ef9b1e9189fc0f71fb30af8aa14377429e
- ipfsHash: 0x11a1f4443dd21c76734e1302c889815bab750e28f6c8f69d110596f36270ca36

Aave Seatbelt report

https://github.com/bgd-labs/seatbelt-for-ghosts/blob/feat/188/reports/Aave/0xEC568fffba86c094cf06b22134B23074DFE2252c/188.md

Technical analysis

We have verified the proposal payload correctly updates the borrow cap of wstETH to 6'000 wstETH and the one of rETH to 2'400 rETH.

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.