Borrow Cap Reductions on Aave V3 Ethereum

The proposal description provides a detailed, specific table of borrow cap reductions for 11 assets on Aave V3 Ethereum. However, the decoded on-chain action is a single opaque call to execute() on a payload contract address, with no arguments or sub-calls decoded. This is the standard architecture for Aave governance proposals: the top-level governance action delegatecalls into a purpose-built payload contract (referenced in the proposal's 'Implementation' link) whose bytecode contains the actual setBorrowCap calls for each asset. Because the decoded calldata here does not expose those internal calls or parameter values, it is not possible to directly verify that the specific numbers in the description (e.g., MKR 3k→1.98k, SNX 1.1m→150k, etc.) match what the payload contract will execute. This is a common and expected pattern for this proposal type and is not inherently suspicious, but it does mean a line-by-line calldata verification of the specification table cannot be performed from the data provided. I have therefore marked confidence as low rather than asserting a discrepancy, since flagging would require speculation about the payload contract's internal logic, which was not included in the decoded actions. No red flags (target mismatches, extra unrelated transfers, etc.) are visible in the single decoded action itself.