199-aave-v3-polygon-caps-update.md

Proposal 199. Aave v3 Polygon - WMATIC, BAL caps updates

Voting link

https://app.aave.com/governance/proposal/?proposalId=199

Governance forum discussions

https://governance.aave.com/t/arfc-wmatic-supply-cap-increase/12046

https://governance.aave.com/t/arfc-polygon-v3-bal-supply-borrow-cap-increase/12505/3

BGD analysis

Proposal types

🔧 📊 params-update

Context

This proposal updates the borrow caps of WMATIC and BAL on Aave v3 Polygon.

Proposal creation

Transaction: https://etherscan.io/tx/0xe7ae58329077e4c60bdab2a932fbd7d6255892d7cd6dd597c1e8b5b13b56b293

- id: 199
- creator: 0x329c54289ff5d6b7b7dae13592c6b1eda1543ed4
- executor: 0xee56e2b3d491590b5b31738cc34d5232f378a8d5
- targets: [0x158a6bc04f0828318821bae797f50b0a1299d45b]
- values: [0]
- signatures: [execute(address)]
- calldatas: [0x00000000000000000000000047938b58f104b4e06a5572faa9cb3c3cd53f15a4]
- withDelegatecalls: [true]
- startBlock: 16996904
- endBlock: 17016104
- strategy: 0xb7e383ef9b1e9189fc0f71fb30af8aa14377429e
- ipfsHash: 0x61c411588a88828064b4227c619e88e3e11fed626719cac28b808faeaeacabc1

Aave Seatbelt report

Ethereum

https://github.com/bgd-labs/seatbelt-for-ghosts/blob/main/reports/Aave/0xEC568fffba86c094cf06b22134B23074DFE2252c/199.md

Polygon

https://github.com/bgd-labs/seatbelt-for-ghosts/blob/main/reports/Aave/0xEC568fffba86c094cf06b22134B23074DFE2252c/199_fx_27_0.md

Technical analysis

We have verified the proposal uses correctly the Aave cross-chain governance system to communicate with Polygon.

Regarding the Polygon side, we have verified the proposal payload correctly updates the supply cap of WMATIC from 47'000'000 to 66'000'000 WMATIC, together with the borrow cap of BAL from 256'140 to 290'000 BAL.

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.