KVORUM
aaveSource: Aave governor v2 · #265

Chaos Labs - Increase wstETH Supply Cap on V3 Arbitrum

executedJul 9, 2023, 09:03 AM UTCby320x329c…3ed4

01Summary

AISummary by Kvorumclaude-haiku-4-5

Proposal to increase the wstETH supply cap on Aave V3 Arbitrum from 18,750 to 30,000 units. Stress testing shows potential protocol losses of ~$500K in extreme depeg scenarios (up to 15%), though this is considered unlikely given recent Oracle configuration updates.

Type
parameter change

Key changes

  • Increase wstETH supply cap on V3 Arbitrum from 18,750 to 30,000(high)
  • wstETH borrow cap remains unchanged at 800(low)

Notable concerns

  • Stress testing indicates potential protocol losses of ~$500K in extreme depeg scenarios (up to 15%), though this scenario is considered unlikely given recent Oracle configuration updates
  • Current supply cap is at 100% utilization, indicating strong demand pressure
Contracts0x5979D7b546E38E414F7E9822514be443A4800529
Generated by Kvorum
model: claude-haiku-4-5
provider: anthropic
profile: anthropic-fast-v1
prompt: v1.0
generated: 2mo ago
Read the description ↗

02Description

150 words

Summary

A proposal to increase the Supply cap for wstETH on V3 Arbitrum.

Motivation

The supply and borrow cap for wstETH on V3 Arbitrum is currently at 100% utilization. Utilizing our supply cap methodology, we conducted stress tests simulating depeg scenarios (up to 15%). Given an increase of the supply cap to 30K, such a depeg scenario materializing could lead to protocol losses of ~$500K. This is an extreme scenario, given the Oracle configuration update introduced here.

Specification

Ticker: wstETH (wstETH)

Contract Address: 0x5979D7b546E38E414F7E9822514be443A4800529

ChainAssetCurrent Supply CapRecommended Supply CapCurrent Borrow CapRecommended Borrow Cap
ArbitrumwstETH18,75030,000800No Change

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/BGD Labs governance pattern: a single top-level action that calls execute(address) on a cross-chain governance executor, passing the address of a dedicated payload contract. The description links directly to this payload contract's source code and test file, which is consistent with how Aave proposals are structured — the actual cap-setting logic (setSupplyCap for wstETH) lives inside the payload contract rather than being directly decoded in the top-level calldata. Because the decoded action only reveals the payload address and not its internal calldata, I cannot independently verify the exact numeric cap change (18,750 → 30,000) from the provided data alone. However, this is expected and routine for this proposal type, not a sign of manipulation — the payload address matches the referenced GitHub source, and no other action is present that could indicate additional undisclosed effects (e.g., fund transfers, role grants). Given the structural match and lack of any contradictory or suspicious elements, I assess the proposal as consistent, with medium confidence due to the inability to directly verify the embedded numeric parameters from the decoded calldata alone.'

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
#0execute(address)chain 0x1
Target
0xd1b3…cfa3
Value
0 wei
Function
execute(address)
Arguments
{
  "0": "0x134C50556dE1A83Dd947c9460a58d8d60a289CEa"
}
Calldata

05Tally

Summed from votes

Voters17
VP participating492.5K
Outcome (current)For
Current support100%

06Voters

17 total
Filter:
VoterChoice% of totalRationale
320x329c…3ed4For239.2K48.56%—3y ago
620x62a4…816aFor83.2K16.90%—3y ago
130x13bd…8548For82.2K16.69%—3y ago
850x8556…ab0bFor69K14.00%—3y ago
EA0xea17…6676For15.3K3.10%—3y ago
180x1855…98baFor3K0.61%—3y ago
A00xa06c…61f7For604.60.12%—3y ago
A00xa0ef…2d56For8.30.00%—3y ago
B90xb933…8dd1For4.20.00%—3y ago
A40xa42b…8240For2.10.00%—3y ago
2E0x2ea5…d78aFor0.20.00%—3y ago
6B0x6b0a…43a3For0.20.00%—3y ago
6B0x6b05…ace8For0.10.00%—3y ago
F60xf6f4…91b8For00.00%—3y ago
6D0x6d46…2485For00.00%—3y ago
340x3486…e8deFor00.00%—3y ago
6E0x6edc…5dedFor00.00%—3y ago
Showing 17

07Forum

No forum thread is confidently linked to this proposal.