The proposed 2,400 wstETH make up ~57% of the total circulating supply. Although we generally recommend limiting the supply cap to 50% of the total circulating supply (which would suggest a limit of 2,100 in this case), the current distribution of positions, along with sufficient liquidity available for liquidations and the relatively modest proposed increase, warrants further expansion.
Therefore, we support this proposal to maintain the growth of the protocol while continuing to monitor the distribution of new positions and the state of on-chain liquidity following this upcoming increase.
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