v3-181-aave-v3-multichain-cbBTC-supply-cap-update.md

Proposal 181. Increase cbBTC Supply Caps.

Voting link

https://vote.onaave.com/proposal/?proposalId=181

Governance forum discussion

https://governance.aave.com/t/arfc-increase-cbbtc-supply-caps-on-aave-v3-ethereum-market-and-base/19304

Payloads

• Ethereum - proposal payloads

• Base - proposal payloads

Certora analysis

Proposal types

🔧 📊 configuration update

Context

This proposal increases the supply cap for cbBTC on V3 ethereum to 10,000 and on Base to 5,000.

Proposal creation

Transaction: https://etherscan.io/tx/0xd500394c26caa3eca1f4586ff5c69d33c8c89d6f4e9bf448fef6c93c1839ef81

- proposalId: 181
- creator: 0x57ab7ee15ce5ecacb1ab84ee42d5a9d0d8112922
- accessLevel: 1
- ipfsHash: 0x06d6d7686462a0dbd65c8e167cef8507412ebae762b3aef313568113a7766543

createProposal() parameters

{
  "payloads": [ 
    { 
      "chain": "1", 
      "accessLevel": "1", 
      "payloadsController": "0xdAbad81aF85554E9ae636395611C58F7eC1aAEc5", 
      "payloadId": "190" 
    }, 
    { 
      "chain": "8453", 
      "accessLevel": "1", 
      "payloadsController": "0x2DC219E716793fb4b21548C0f009Ba3Af753ab01", 
      "payloadId": "41" 
    }, 
  ], 
  "votingPortal": "0x9b24C168d6A76b5459B1d47071a54962a4df36c3", 
  "ipfsHash": "0x06d6d7686462a0dbd65c8e167cef8507412ebae762b3aef313568113a7766543" 
}

Aave Seatbelt report

Proposal report

https://github.com/bgd-labs/seatbelt-gov-v3/blob/main/reports/proposals/181.md

Payload reports

• Ethereum - proposal payloads

• Base - proposal payloads

Technical analysis

We have confirmed that the payload successfully updates the supply cap of cbBTC on V3 ethereum mainet and BASE to 10,000 and 5,000 respectively.

The proposal is consistent with the description on both Snapshot and the governance forum.

Certora 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.

✅ Certora reviewed the procedure followed to submit the proposal.