181-aave-v3-ethereum-lusd-caps-update.md

Proposal 181. Aave v3 Ethereum - LUSD caps update

Voting link

https://app.aave.com/governance/proposal/?proposalId=181

Governance forum discussion

https://governance.aave.com/t/arfc-supply-and-borrow-caps-update-lusd-v3-ethereum/12289

BGD analysis

Proposal types

🔧 📊 params-update

Context

This proposal updates supply and borrow caps of LUSD on Aave v3 Ethereum.

Proposal creation

Transaction: https://etherscan.io/tx/0xe858e1b110b04de0f0aef32a5de724acaf3d1239221521e67feeb594716da847

- id: 181
- creator: 0xbc540e0729b732fb14afa240aa5a047ae9ba7df0
- executor: 0xee56e2b3d491590b5b31738cc34d5232f378a8d5
- targets: [0x656482165fdf78f3fdd31d4ad4b518350766f3d5]
- values: [0]
- signatures: [execute()]
- calldatas: [0x]
- withDelegatecalls: [true]
- startBlock: 16842050
- endBlock: 16861250
- strategy: 0xb7e383ef9b1e9189fc0f71fb30af8aa14377429e
- ipfsHash: 0x83168013487d273f357ff2d04a8711ef9e1fb9fd440b0471726f6ef535e3426c

Aave Seatbelt report

https://github.com/bgd-labs/seatbelt-for-ghosts/blob/main/reports/Aave/0xEC568fffba86c094cf06b22134B23074DFE2252c/181.md

Technical analysis

We have verified the proposal payload correctly does the following caps updates affecting the LUSD asset:

• LUSD supply cap: 3'000'000 LUSD -> 6'000'000 LUSD
• LUSD borrow cap: 1'210'000 LUSD -> 2'400'000 LUSD

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.