Increase weETH Caps on Base
01Summary
Proposal to increase weETH supply cap to 20,000 and borrow cap to 9,000 on Aave V3 Base to meet growing demand and enable participation in Optimism's Superfest OP rewards program.
- Type
- parameter change
Key changes
- Increase weETH supply cap on Aave V3 Base to 20,000 weETH(high)
- Increase weETH borrow cap on Aave V3 Base to 9,000 weETH(high)
Generated by Kvorum
02Description
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.
03Mismatch analysis
A calldata-vs-description analysis is not generated yet. Review the decoded actions →
04Actions
This proposal carries no on-chain actions.
05Tally
Summed from votes
06Voters
No votes recorded yet.
07Forum
No forum thread is confidently linked to this proposal.
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