Gauntlet Cap Recommendations for Polygon v3
01Summary
Gauntlet recommends setting supply and borrow caps for two assets on Polygon Aave v3: agEUR (300k supply, 250k borrow) and jEUR (120k supply, 100k borrow). Both assets currently lack caps despite being on the market.
- Type
- parameter change
Key changes
- Set agEUR supply cap to 300k(medium)
- Set agEUR borrow cap to 250k(medium)
- Set jEUR supply cap to 120k(medium)
- Set jEUR borrow cap to 100k(medium)
Notable concerns
- agEUR borrowing is currently disabled and cannot be used as collateral
- jEUR is currently frozen
Generated by Kvorum
02Description
Summary
Gauntlet recommends parameter changes on Polygon Aave v3 market. For more details, see the full forum post here.
Motivation
Per Gauntlet’s supply and borrow cap methodology, we recommend setting supply and borrow caps for agEUR and jEUR. Currently agEUR borrowing is disabled and cannot be used as collateral. jEUR is frozen. Despite this, all assets should have supply and borrow caps.
Specification
| Chain | Asset | Cap | Current | Recommended |
|---|---|---|---|---|
| Polygon | agEUR | Supply | - | 300k |
| Polygon | agEUR | Borrow | - | 250k |
| Polygon | jEUR | Supply | - | 120k |
| Polygon | jEUR | Borrow | - | 100k |
References
- Implementation: AaveV3Polygon
- Tests: AaveV3Polygon
- Snapshot
- Discussion
Disclaimer
Gauntlet has not received any compensation from any third-party in exchange for recommending any of the actions contained in this proposal.
Copyright
Copyright and related rights waived via CC0.
By approving this proposal, you agree that any services provided by Gauntlet shall be governed by the terms of service available at gauntlet.network/tos.
03Mismatch analysis
The proposal description details specific supply/borrow cap changes for agEUR and jEUR on Polygon Aave v3, referencing a specific payload contract (AaveV3Polygon_GauntletCapRecommendationsForPolygonV3) in the 'Implementation' link. The decoded on-chain action is a single 'forwardPayloadForExecution' call, which is the standard Aave governance pattern: the mainnet governor forwards a payload ID to be executed on the target chain (Polygon) via a cross-chain bridge/execution mechanism, rather than directly encoding the cap-setting calls in this proposal's calldata. This is consistent with how Aave cross-chain governance works — the actual granular cap-setting logic (setSupplyCap/setBorrowCap for agEUR and jEUR) lives in the referenced payload contract on Polygon, not in the L1 proposal calldata itself. Since I cannot decode the destination payload's internal logic from the given data, I cannot verify the exact numeric caps match, but the action type, forwarding mechanism, and referenced payload align with the description's stated intent. There is no evidence of target mismatch, extra unrelated actions, or omitted major actions — the single action is exactly the expected mechanism for executing this type of proposal. Confidence is medium because the actual cap values are set in an external payload contract not directly visible in the calldata provided, so exact numeric verification against the specification table isn't possible from this data alone, but the structure is standard and non-suspicious.
Generated by Kvorum
04Actions
- Target
- 0x9aee…2bc7
- Value
- 0 wei
- Function
- forwardPayloadForExecution((uint256,uint8,address,uint40))
- Arguments
{ "0": [ "137", "1", "0x401B5D0294E23637c18fcc38b1Bca814CDa2637C", "12" ] }- Calldata
05Tally
Summed from votes
06Voters
No votes recorded yet.
07Forum
No forum thread is confidently linked to this proposal.
08Similar proposals
- aaveexecutedGauntlet Recommendations for Polygon V3 and Arbitrum V384%
- aaveexecutedSupply/Borrow Cap Updates Polygon and Arbitrum V383%
- aaveexecutedSupply/Borrow Cap Updates V3 Polygon and Arbitrum81%
- aaveexecutedSupply/Borrow Cap Updates V3 Arbitrum, Optimism, Polygon79%
- aavecanceledSupply and Borrow Cap Updates Aave V378%
- aaveexecutedSupply and Borrow Cap Updates Aave V378%
- aaveexecutedSupply/Borrow Cap Updates for Aave v377%
- aaveexecutedRisk Parameter Updates for Aave V3 ETH and V3 Arbitrum (2023-03-27)75%
- aavedefeatedSupply/Borrow Cap Updates V3 Arbitrum74%
- aaveexecutedIncrease wstETH Borrow Cap on V3 Arbitrum (4/5/2023)72%