Utilizing our LSD supply cap methodology, and given the Community Preference for Supply Cap Limits for LSTs, we support the proposed increase to the MaticX supply cap.
Asset Overview
The current Supply Cap for MaticX on Polygon V3 is 50.6M WMATIC.
Recommendation:
Current total circulating supply is ~83M, in a previous vote the Aave DAO has agreed to a supply cap of 75% of total circulating supply:
Following the above community vote, we support the new proposed supply cap of 62M for MaticX (83M * 0.75 = 62.25M).