192-aave-v3-ethereum-cbeth-caps-update.md

Proposal 192. Aave v3 Ethereum - cbETH supply cap update

Voting link

https://app.aave.com/governance/proposal/?proposalId=192

Governance forum discussion

https://governance.aave.com/t/arfc-increase-cbeth-supply-cap-03-26/12480

BGD analysis

Proposal types

🔧 📊 params-update

Context

This proposal updates the supply cap of cbETH on Aave v3 Ethereum.

Proposal creation

Transaction: https://etherscan.io/tx/0xa0d1524b7bdd867efa29d05f87577eaff43b5decbf51eead5ffdd2607ef69150

- id: 192
- creator: 0x329c54289ff5d6b7b7dae13592c6b1eda1543ed4
- executor: 0xee56e2b3d491590b5b31738cc34d5232f378a8d5
- targets: [0x25d9cda56174284d86ebbc28e7c99ce2e7a14c09]
- values: [0]
- signatures: [execute()]
- calldatas: [0x]
- withDelegatecalls: [true]
- startBlock: 16940297
- endBlock: 16959497
- strategy: 0xb7e383ef9b1e9189fc0f71fb30af8aa14377429e
- ipfsHash: 0x684825bca9aec1e56e63c1c5cbfcb322610f68d3a165342d307ed679d62c9be4

Aave Seatbelt report

https://github.com/bgd-labs/seatbelt-for-ghosts/blob/main/reports/Aave/0xEC568fffba86c094cf06b22134B23074DFE2252c/192.md

Technical analysis

We have verified the proposal payload correctly updates the supply cap of cbETH from 30'000 cbETH to 60'000 cbETH

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.