We support the proposed increases for supply and borrow caps following our methodology and our previous analysis here.
In addition to the above proposal, and following the feedback from @sakulstra here, we plan to incorporate the supply cap increases for both wstETH and stMATIC, as there is alignment between the risk providers.
Once we receive feedback from @Gauntlet on the above recommendations, we will be able to move forward to implement these updates via the Risk Steward process.
Recommendations:
| Network | Asset | Current Supply Cap | Recommendation | Current Borrow Cap | Recommendation |
|---|---|---|---|---|---|
| Polygon | wMATIC | 90,000,000 | 105,000,000 | 50,000,000 | 67,000,000 |
| Polygon | wstETH | 2,500 | 2,700 | 285 | No Change |
| Polygon | stMATIC | 30,000,000 | 32,000,000 | N/A | N/A |