[ARFC] Gauntlet's Supply Cap Recommendation for BASE Aave v3

Governance
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Per Gauntlet’s supply and borrow caps methodology, we recommend the following supply cap increase:

Chain Asset Current Supply Cap Recommended Supply Cap Current Borrow Cap Recommended Borrow Cap
BASE cbETH 2,000 3,000 200 No Change

Motivation:

Gauntlet proposes to increase supply cap for cbETH on BASE v3 market to address the growing supply demand for this strategic LST asset.

Specifications

Supply Cap Usage

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Link to chart

cbETH Top Suppliers

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The top 3 suppliers of cbETH on Base v3 market are utilizing the asset to borrow WETH.

Asset Circulating Supply DEX 25% Slippage Global Volume ($)
cbETH 19,623 949 $2,892,473

Next Steps

Once we receive feedback from @ChaosLabs on the above recommendations, we will move forward with Risk Steward actions or Governance.

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we support the recommendation above.

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Risk steward txn for above cap update is here

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These have been executed via risk steward.

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