Hi @ChaosLabs
The CRV proposal went live yesterday on Polygon v3 and the Supply Cap is at 100% utilisation within 24hours.
The stMATIC Supply Cap was recently increased, a couple of days ago, and during this time the utilisation has increased from 50% to 70% without incentives. LDO rewards are expected to start imminently. If it is possible to increase this cap ahead of the LDO rewards distribution starting, can we do so ?
If we can not increase the stMATIC Supply Cap just now and the utilisation continues to increase, then this will discourage LDO incentives from being distributed across the stMATIC reserve and without sufficient deposit capacity, it will likely become a blocker to starting the LDO reward distribution.
Given the time it takes to implement an AIP on Polygon, it is best to be early and proactive with this particular change.