KVORUM
aaveSource: Aave governor v2 · #181

Supply and Borrow Caps Update - LUSD - v3 Ethereum

executedMar 19, 2023, 10:43 AM UTCbyBC0xbc54…7df0

01Summary

AISummary by Kvorumclaude-haiku-4-5

Proposal to increase LUSD supply cap from 3M to 6M and borrow cap from 1.2M to 2.4M on Aave V3 Ethereum in response to recent demand increases following stablecoin de-peg events.

Type
parameter change

Key changes

  • Increase LUSD supply cap from 3M to 6M (100% increase)(high)
  • Increase LUSD borrow cap from 1.2M to 2.4M (100% increase)(high)

Notable concerns

  • LUSD recently de-pegged along with other stablecoins, which prompted this cap increase
  • LUSD is currently at 96% of existing supply cap and 89% of existing borrow cap
Contracts0x5f98805A4E8be255a32880FDeC7F6728C6568bA0
Generated by Kvorum
model: claude-haiku-4-5
provider: anthropic
profile: anthropic-fast-v1
prompt: v1.0
generated: 2mo ago
Read the description ↗

02Description

163 words

Summary

A proposal to increase the LUSD supply cap to 6M and the borrow cap to 2.4M.

Motivation

LUSD is currently at ~96% of its supply cap and ~89% of its borrow cap on Aave V3 Ethereum. This increase in supply and borrow has happened over the past few days following the de-peg events of several stablecoins, including LUSD.

Given the on-chain liquidity levels, current conservative caps set, and the fact that LUSD is a non-collateral asset, we recommend doubling the supply and borrow cap.

The proposal represents a 100% increase from the current caps, making this ARFC compliant with the “direct-to-AIP” framework.

Specification

Ticker: LUSD (LUSD)

Contract Address: 0x5f98805A4E8be255a32880FDeC7F6728C6568bA0

ParameterCurrentProposed
Supply Cap3M6M
Borrow Cap1.2M2.4M

References

Copyright

Copyright and related rights waived via CC0.

03Mismatch analysis

AIMismatch analysis by Kvorummedium confidenceclaude-sonnet-5
Consistent

The proposal follows the standard Aave governance execution pattern: a single on-chain action that calls execute() on a payload contract address, which internally (via delegatecall) performs the actual protocol parameter changes described in the payload's Solidity source (linked in the proposal as AaveV3EthLusdCapsPayload-Mar15.sol). The decoded calldata does not expose the internal setSupplyCap/setBorrowCap calls directly since they occur inside the payload contract's bytecode, not as separate top-level actions. This is expected and consistent with how Aave proposals are structured, and the description's claims (doubling LUSD supply cap to 6M and borrow cap to 2.4M) align with the typical scope of such a payload. There is no evidence of a target mismatch, extra unclaimed actions, or omitted significant actions in the single decoded call - it is the expected boilerplate execution wrapper. Confidence is medium rather than high because the specific numeric cap values cannot be independently verified from the decoded calldata alone (they are embedded in the payload contract's bytecode/immutable state), but the overall structure and single-action pattern are fully consistent with the proposal's stated intent and typical practice for this contract type.

Generated by Kvorum
model: claude-sonnet-5
provider: anthropic
profile: anthropic-strong-v1
prompt: v1.0
generated: 2mo ago
Review the decoded actions ↗

04Actions

1 total
#0fallback()chain 0x1
Target
0x6564…f3d5
Value
0 wei
Function
fallback()
Arguments
{}
Calldata

05Tally

Summed from votes

Voters31
VP participating563.8K
Outcome (current)For
Current support100%

06Voters

31 total
Filter:
VoterChoice% of totalRationale
320x329c…3ed4For225.5K40.00%—4y ago
070x0703…961bFor107.3K19.03%—4y ago
620x62a4…816aFor81.6K14.47%—4y ago
B80xb83b…cf5cFor80.2K14.22%—4y ago
B90xb933…8dd1For41.7K7.39%—4y ago
160x1664…36d9For16.9K3.00%—4y ago
EA0xea17…6676For10.6K1.88%—4y ago
210x2155…59aaFor9.20.00%—4y ago
A00xa0ef…2d56For8.30.00%—4y ago
270x277d…7b07For1.90.00%—4y ago
700x705d…f7b7For1.20.00%—4y ago
860x8679…2c0fFor1.20.00%—4y ago
8B0x8bc8…7276For1.20.00%—4y ago
C70xc724…b01dFor10.00%—4y ago
050x0527…8469For10.00%—4y ago
7E0x7eaf…3555For0.90.00%—4y ago
F60xf614…a116For0.80.00%—4y ago
E40xe459…e666For0.50.00%—4y ago
240x242d…7e1fFor0.30.00%—4y ago
5B0x5bce…86cbFor0.20.00%—4y ago
FA0xfa03…5a34For0.20.00%—4y ago
210x213d…f12bFor0.20.00%—4y ago
030x03ba…a1a1For0.10.00%—4y ago
250x2532…9b9dFor0.10.00%—4y ago
DE0xdea1…6923Against0.10.00%—4y ago
F00xf0ae…6cfcFor0.10.00%—4y ago
E70xe7cf…217bFor0.10.00%—4y ago
C70xc790…5678For00.00%—4y ago
750x7515…07a1For00.00%—4y ago
4F0x4fb3…5eb7For00.00%—4y ago
840x845a…77e1For00.00%—4y ago
Showing 31

07Forum

No forum thread is confidently linked to this proposal.