300-aave-v3-polygon-caps-update.md

Proposal 300. Aave v3 Polygon - stMATIC supply cap update

Voting link

https://app.aave.com/governance/proposal/?proposalId=300

Governance forum discussion

https://governance.aave.com/t/arfc-supply-cap-stmatic-polygon/14355

BGD analysis

Proposal types

🔧 📊 params-update

Context

This proposal updates the supply cap of stMATIC on Aave v3 Polygon.

Proposal creation

Transaction: https://etherscan.io/tx/0x0299f566658d20b892367e08152e4856a235a3a96c5efe0ca5663de76ebe1df2

- id: 300
- creator: 0x329c54289ff5d6b7b7dae13592c6b1eda1543ed4
- executor: 0xee56e2b3d491590b5b31738cc34d5232f378a8d5
- targets: [0x158a6bc04f0828318821bae797f50b0a1299d45b]
- values: [0]
- signatures: [execute(address)]
- calldatas: [0x000000000000000000000000f28e5a2f04b6b74741579daee1fc164978d2d646]
- withDelegatecalls: [true]
- startBlock: 17930100
- endBlock: 17949300
- strategy: 0xb7e383ef9b1e9189fc0f71fb30af8aa14377429e
- ipfsHash: 0xe489f78a8a937c83a32ae6a7c7cdd8119c3e8d0b2f59d7f8336152b32361127a

Aave Seatbelt reports

Ethereum

https://github.com/bgd-labs/seatbelt-for-ghosts/blob/main/reports/Aave/0xEC568fffba86c094cf06b22134B23074DFE2252c/300.md

Polygon

https://github.com/bgd-labs/seatbelt-for-ghosts/blob/main/reports/Aave/0xEC568fffba86c094cf06b22134B23074DFE2252c/300_Polygon_pending_0.md

Technical analysis

We have verified the proposal uses correctly the Aave cross-chain governance system to communicate with Polygon.

From a technical perspective, we have verified the proposal payload correctly uses the BGD's Aave Config Engine of Aave v3 Polygon, in this case, to update the supply cap of stMATIC the following way:

• Supply cap: 40'000'000 stMATIC -> 57'000'000 stMATIC

BGD validations

✅ The code on the proposal payload corresponds to the proposal specification.

✅ The proposal includes a proper tests suite, checking all necessary post-conditions.

✅ BGD reviewed the payload before the proposal was submitted.

✅ Only one payload used via delegatecall

✅ BGD reviewed the procedure followed to submit the proposal.