# ARFC: Gauntlet Borrow Cap Updates for CRV on Ethereum v3, 2023-07-06

**URL:** <https://governance.aave.com/t/arfc-gauntlet-borrow-cap-updates-for-crv-on-ethereum-v3-2023-07-06/13918>\
**Category:** Governance\
**Created:** [July 5, 2023, 10:55pm UTC](https://governance.aave.com/t/arfc-gauntlet-borrow-cap-updates-for-crv-on-ethereum-v3-2023-07-06/13918 "2023-07-05T22:55:01Z")\
**Posts on this page:** 3\
**Page:** 1

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**Author:** ![Gauntlet](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/gauntlet/32/4064_2.png) [@Gauntlet](https://governance.aave.com/u/Gauntlet)\
**Post date:** [July 5, 2023, 10:55pm UTC](https://governance.aave.com/t/arfc-gauntlet-borrow-cap-updates-for-crv-on-ethereum-v3-2023-07-06/13918/1 "2023-07-05T22:55:01Z")

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## Summary

Gauntlet recommends borrow cap changes for CRV on Ethereum v3, due to low cap usage.

## Specifications

| Chain | Asset | Cap | Current | Recommended |
| --- | --- | --- | --- | --- |
| Ethereum | CRV | BORROW | 7700000 | 3800000 |

## Motivation

CRV borrow cap usage has been historically low; we recommend lowering the borrow cap to reduce tail risks. Our [dashboard](https://risk.gauntlet.network/protocols/aave/markets/ethereum/assets/crv) has more color on how CRV borrow cap usage has been \< 25% on Ethereum Aave v3 for the past three months.

## CRV

 ![Screen Shot 2023-07-05 at 3.53.59 PM](https://europe1.discourse-cdn.com/flex013/uploads/aave/original/2X/a/af3107c2b328b45fc703a07a77dc4947758877c2.png)

## Next Steps

- Initiate AIP on 2023.07.10

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<div class="post-metadata">

**Author:** ![Gauntlet](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/gauntlet/32/4064_2.png) [@Gauntlet](https://governance.aave.com/u/Gauntlet)\
**Post date:** [July 10, 2023, 9:43pm UTC](https://governance.aave.com/t/arfc-gauntlet-borrow-cap-updates-for-crv-on-ethereum-v3-2023-07-06/13918/2 "2023-07-10T21:43:12Z")

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Given recent community preferences on the CRV asset, we will await more community feedback until AIP.

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<div class="post-metadata">

**Author:** ![system](https://europe1.discourse-cdn.com/flex013/uploads/aave/original/2X/e/e11637c36f45ffa158f2146f5c19438d46e0824d.svg) [@system](https://governance.aave.com/u/system)\
**Post date:** [August 9, 2023, 9:43pm UTC](https://governance.aave.com/t/arfc-gauntlet-borrow-cap-updates-for-crv-on-ethereum-v3-2023-07-06/13918/3 "2023-08-09T21:43:29Z")

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Closed on August 9, 2023, 9:43pm UTC

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