Hi @MarcZeller, thanks for the post! Had a question around this:
Following the SEC’s actions, the ACI believes that Coinbase will allow cbETH redemption after the Shanghai upgrade if there is a similar SEC action on cbETH. However, 1) it isn’t confirmed the Shanghai upgrade is due to occur and 2) the withdraw queue may be pretty long.
What is the risk of a depeg and of increasing this supply cap to Aave? And on the other hand, of not increasing the supply cap and leaving it at the current level until there is more clarity in the market around Coinbase’s products from a regulatory perspective and the Shanghai upgrade dates?