MaticX Supply Cap Increase in Polygon V3
01Summary
Increase the MaticX supply cap on Polygon V3 from 62M to 75M to accommodate growing user demand for deposits and enable recursive yield strategies. MaticX deposits have consistently exceeded 95% of the current supply cap, and this increase aligns with prior DAO decisions to maintain aggressive supply caps for correlated assets.
- Type
- parameter change
Key changes
- Increase MaticX Supply Cap on Polygon V3 from 62M to 75M(high)
Generated by Kvorum
02Description
Simple Summary
This proposal aims to increase the MaticX Supply Cap on Polygon V3 to match market demand.
Motivation
Increasing the supply cap of Polygon MaticX in the Aave market is a strategic move to accommodate growing demand, and follow a previous DAO decision to maintain aggressive supply caps for correlated assets.
Deposits of MaticX have been over 95% of the supply cap for some time. Increasing the Supply Cap will enable users to continue depositing MaticX and enter the recursive MaticX/wMATIC yield strategy.
The DAO has previously voted to allow assets with correlated borrow supply caps to be up to 75% of cumulative supply. Since this exceeds the supply cap increase allowable by risk stewards, this proposal will increase supply caps through the typical ARFC process. Current circulating supply is over 100M, so this proposal will increase the supply cap to 75M.
Specification
Increase the supply cap for MaticX on Polygon V3 to the following.
| Parameter | Current Value | Proposed Value |
|---|---|---|
| SupplyCap | 62M | 75M |
Useful Links
References
- Implementation: AaveV3Polygon
- Tests: AaveV3Polygon
- Snapshot
- 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
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07Forum
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