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

Proposal 229 (repetition of part of 220). Aave v3 Polygon - Caps update

Voting link

https://app.aave.com/governance/proposal/?proposalId=229

Governance forum discussion

https://governance.aave.com/t/arfc-maticx-supply-cap-increase-polygon-v3/12657

BGD analysis

Proposal types

🔧 📊 params-update

Context

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

Proposal creation

Transaction: https://etherscan.io/tx/0xafa809c56be6820b25d3953f82f63882a02fd0497b455a4ef071975f48c45cc4

- id: 229
- creator: 0x55b16934c3661e1990939bc57322554d9b09f262
- executor: 0xee56e2b3d491590b5b31738cc34d5232f378a8d5
- targets: [0x158a6bc04f0828318821bae797f50b0a1299d45b]
- values: [0]
- signatures: [execute(address)]
- calldatas: [0x00000000000000000000000022c669eedf6e58de81777692b070cdb7432a4f84]
- withDelegatecalls: [true]
- startBlock: 17279544
- endBlock: 17298744
- strategy: 0xb7e383ef9b1e9189fc0f71fb30af8aa14377429e
- ipfsHash: 0x590795d20a5b17ad8e144a1e2c61a7c5d2ff8ff2251868d94740def1f9b86eee

Aave Seatbelt reports

Ethereum

https://github.com/bgd-labs/seatbelt-for-ghosts/blob/main/reports/Aave/0xEC568fffba86c094cf06b22134B23074DFE2252c/229.md

Polygon

https://github.com/bgd-labs/seatbelt-for-ghosts/blob/main/reports/Aave/0xEC568fffba86c094cf06b22134B23074DFE2252c/229_fx_39_0.md

Technical analysis

We have verified the proposal uses correctly the Aave cross-chain governance system for the payload interacting with Polygon.

Regarding the changes, we verified the proposal payload correctly updates the supply cap of MATICX from 17'200'000 MATIC to 29'300'000 MATICX.

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.