[ARFC] increase supply cap for cbETH Aave Ethereum V3

Governance
2

Additional notes for this ARFC:

  • Based on current demand levels, the ACI does not recommend any modifications to the asset borrow cap.

  • The ACI supports the addition of cbETH to the Aave emode, and this ARFC should be considered as part of that process. However, more market data history on V3 is needed before making any modifications, and the ACI is not proposing any changes at this time on this front.

  • Recent events with Paxos and BUSD may raise concerns in the community regarding cbETH and Coinbase. The ACI’s current position is that in the event of a similar SEC action, Coinbase will allow the redeeming of cbETH after the shanghai upgrade according to the withdraw queue. This scenario is not expected to pose a significant risk of depeg, and therefore the ACI considers it an acceptable risk to increase the cbETH supply cap.

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