ChainCatcher news, DeFi risk manager Gauntlet has initiated a new proposal in the Aave community, suggesting a change in the supply cap for WMATIC on the Polygon chain in Aave V3. The proposed supply cap for WMATIC will increase from 105 million to 120 million to address its usage rate exceeding the 75% threshold.

ChainCatcher news, the liquid staking protocol Lido has released a community proposal to improve the capital efficiency of wMATIC reserves on Aave, reduce borrowing costs, and increase the utilization of stMATIC.It is reported that the current utilization rate of wMATIC reserves is 42.5%, and this proposal aims to raise it to 72.5%. (Source link)