v3-129-aave-v3-base-increase-weETH-caps-on-base.md

Proposal 129. Increase weETH Caps on Base.

Voting link

https://vote.onaave.com/proposal/?proposalId=129

Governance forum discussion

https://governance.aave.com/t/arfc-increase-supply-and-borrow-caps-for-weeth-on-base/18248

Payloads

• Base - proposal payloads

Certora analysis

Proposal types

🔧 📊 configuration update

Context

This proposal will increase the borrow and supply cap of weETH in V3 Base Market to accommodate growing demand and participate in Superchain rewards programs.

Proposal creation

Transaction: https://etherscan.io/tx/0x3071a7bbd204e2359c3466076cd02213b7996002a8780826327b0000332c7e89

- proposalId: 129
- creator: 0x57ab7ee15ce5ecacb1ab84ee42d5a9d0d8112922
- accessLevel: 1
- ipfsHash: 0x67a32937b865a4946846cd9a264ce83992e74ca4b60d32263b5195d38214a747

createProposal() parameters

{
  "payloads": [ 
    { 
      "chain": "8453", 
      "accessLevel": "1", 
      "payloadsController": "0x2DC219E716793fb4b21548C0f009Ba3Af753ab01", 
      "payloadId": "23" 
    }, 
  ], 
  "votingPortal": "0x9b24C168d6A76b5459B1d47071a54962a4df36c3", 
  "ipfsHash": "0x67a32937b865a4946846cd9a264ce83992e74ca4b60d32263b5195d38214a747" 
}

Aave Seatbelt report

Proposal report

https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/proposals/129.md

Payload reports

• Base - https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/payloads/8453/0x2DC219E716793fb4b21548C0f009Ba3Af753ab01/23.md

Technical analysis

We have verified that the payload increase the borrow cap to 9000 and the supply cap to 20,000 of weETH.

The proposal is consistent with the description on the governance forum.

Certora 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.

✅ Certora reviewed the procedure followed to submit the proposal.