182-aave-v3-polygon-maticx-caps-update.md

Proposal 182. Aave v3 Polygon - update MATICX supply cap (REPETITION OF 178)

Voting link

https://app.aave.com/governance/proposal/?proposalId=182

Governance forum discussion

https://governance.aave.com/t/arfc-maticx-supplycap-increase-polygon-v3/12217

BGD analysis

Proposal types

🔧 📊 params-update

Context

This proposal increases the supply cap of MATICX on Aave v3 Polygon.

Proposal creation

Transaction: https://etherscan.io/tx/0x58dba22bfd7cac2846daeb235d3cb94a1c91a15856adf787e1951063305e450b

- id: 182
- creator: 0x329c54289ff5d6b7b7dae13592c6b1eda1543ed4
- executor: 0xee56e2b3d491590b5b31738cc34d5232f378a8d5
- targets: [0x158a6bc04f0828318821bae797f50b0a1299d45b]
- values: [0]
- signatures: [execute(address)]
- calldatas: [0x0000000000000000000000006b5af634e20eaa5fc85f9943913aa46a088ac29e]
- withDelegatecalls: [true]
- startBlock: 16856253
- endBlock: 16875453
- strategy: 0xb7e383ef9b1e9189fc0f71fb30af8aa14377429e
- ipfsHash: 0x3e8bc6a263be31e0fe385a4420cc03c2a1fd067ad644a55f43e9825039d7a51e

Aave Seatbelt report

Ethereum

https://github.com/bgd-labs/seatbelt-for-ghosts/blob/main/reports/Aave/0xEC568fffba86c094cf06b22134B23074DFE2252c/182.md

Polygon

https://github.com/bgd-labs/seatbelt-for-ghosts/blob/main/reports/Aave/0xEC568fffba86c094cf06b22134B23074DFE2252c/182_fx_22_0.md

Technical analysis

We have verified the proposal uses correctly the Aave cross-chain governance system.

The proposal payload simply interacts with the PoolConfigurator of Aave v3 Polygon to update the supply cap of MATICX from 8'600'000 MATICX to 17'200'000 MATIC by calling the setSupplyCap() function.

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.