diff --git a/diffs/preAaveV3_Arbitrum_CapsUpgrade_20230904_20230904_postAaveV3_Arbitrum_CapsUpgrade_20230904_20230904.md b/diffs/preAaveV3_Arbitrum_CapsUpgrade_20230904_20230904_postAaveV3_Arbitrum_CapsUpgrade_20230904_20230904.md
new file mode 100644
index 00000000..8cc0d747
--- /dev/null
+++ b/diffs/preAaveV3_Arbitrum_CapsUpgrade_20230904_20230904_postAaveV3_Arbitrum_CapsUpgrade_20230904_20230904.md
@@ -0,0 +1,25 @@
+## Reserve changes
+
+### Reserves altered
+
+#### AAVE ([0xba5DdD1f9d7F570dc94a51479a000E3BCE967196](https://arbiscan.io/address/0xba5DdD1f9d7F570dc94a51479a000E3BCE967196))
+
+| description | value before | value after |
+| --- | --- | --- |
+| supplyCap | 1,850 AAVE | 2,710 AAVE |
+
+
+## Raw diff
+
+```json
+{
+  "reserves": {
+    "0xba5DdD1f9d7F570dc94a51479a000E3BCE967196": {
+      "supplyCap": {
+        "from": 1850,
+        "to": 2710
+      }
+    }
+  }
+}
+```
\ No newline at end of file
diff --git a/diffs/preAaveV3_Metis_CapsUpgrade_20230904_20230904_postAaveV3_Metis_CapsUpgrade_20230904_20230904.md b/diffs/preAaveV3_Metis_CapsUpgrade_20230904_20230904_postAaveV3_Metis_CapsUpgrade_20230904_20230904.md
new file mode 100644
index 00000000..8bdbd7d9
--- /dev/null
+++ b/diffs/preAaveV3_Metis_CapsUpgrade_20230904_20230904_postAaveV3_Metis_CapsUpgrade_20230904_20230904.md
@@ -0,0 +1,25 @@
+## Reserve changes
+
+### Reserves altered
+
+#### Metis ([0xDeadDeAddeAddEAddeadDEaDDEAdDeaDDeAD0000](https://andromeda-explorer.metis.io/address/0xDeadDeAddeAddEAddeadDEaDDEAdDeaDDeAD0000))
+
+| description | value before | value after |
+| --- | --- | --- |
+| supplyCap | 60,000 Metis | 120,000 Metis |
+
+
+## Raw diff
+
+```json
+{
+  "reserves": {
+    "0xDeadDeAddeAddEAddeadDEaDDEAdDeaDDeAD0000": {
+      "supplyCap": {
+        "from": 60000,
+        "to": 120000
+      }
+    }
+  }
+}
+```
\ No newline at end of file
diff --git a/diffs/preAaveV3_Polygon_CapsUpgrade_20230904_20230904_postAaveV3_Polygon_CapsUpgrade_20230904_20230904.md b/diffs/preAaveV3_Polygon_CapsUpgrade_20230904_20230904_postAaveV3_Polygon_CapsUpgrade_20230904_20230904.md
new file mode 100644
index 00000000..8a5db6e2
--- /dev/null
+++ b/diffs/preAaveV3_Polygon_CapsUpgrade_20230904_20230904_postAaveV3_Polygon_CapsUpgrade_20230904_20230904.md
@@ -0,0 +1,25 @@
+## Reserve changes
+
+### Reserves altered
+
+#### DPI ([0x85955046DF4668e1DD369D2DE9f3AEB98DD2A369](https://polygonscan.com/address/0x85955046DF4668e1DD369D2DE9f3AEB98DD2A369))
+
+| description | value before | value after |
+| --- | --- | --- |
+| supplyCap | 1,417 DPI | 2,460 DPI |
+
+
+## Raw diff
+
+```json
+{
+  "reserves": {
+    "0x85955046DF4668e1DD369D2DE9f3AEB98DD2A369": {
+      "supplyCap": {
+        "from": 1417,
+        "to": 2460
+      }
+    }
+  }
+}
+```
\ No newline at end of file
diff --git a/src/20230904_AaveV3_Multi_CapsUpgrade_20230904/AaveV3_Arbitrum_CapsUpgrade_20230904_20230904.sol b/src/20230904_AaveV3_Multi_CapsUpgrade_20230904/AaveV3_Arbitrum_CapsUpgrade_20230904_20230904.sol
new file mode 100644
index 00000000..d693a097
--- /dev/null
+++ b/src/20230904_AaveV3_Multi_CapsUpgrade_20230904/AaveV3_Arbitrum_CapsUpgrade_20230904_20230904.sol
@@ -0,0 +1,27 @@
+// SPDX-License-Identifier: MIT
+pragma solidity ^0.8.0;
+
+import {AaveV3PayloadArbitrum, IEngine, EngineFlags} from 'aave-helpers/v3-config-engine/AaveV3PayloadArbitrum.sol';
+import {AaveV3ArbitrumAssets} from 'aave-address-book/AaveV3Arbitrum.sol';
+
+/**
+ * @title CapsUpgrade_20230904
+ * @author Alice Rozengarden (@Rozengarden - Aave-chan initiative)
+ * - Snapshot: no snapshot for Direct-to-AIP
+ * - Discussion: https://governance.aave.com/t/arfc-aave-v3-caps-increase-2023-08-31/14698
+ */
+contract AaveV3_Arbitrum_CapsUpgrade_20230904_20230904 is AaveV3PayloadArbitrum {
+  function _preExecute() internal override {}
+
+  function capsUpdates() public pure override returns (IEngine.CapsUpdate[] memory) {
+    IEngine.CapsUpdate[] memory capsUpdate = new IEngine.CapsUpdate[](1);
+
+    capsUpdate[0] = IEngine.CapsUpdate({
+      asset: AaveV3ArbitrumAssets.AAVE_UNDERLYING,
+      supplyCap: 2_710,
+      borrowCap: EngineFlags.KEEP_CURRENT
+    });
+
+    return capsUpdate;
+  }
+}
diff --git a/src/20230904_AaveV3_Multi_CapsUpgrade_20230904/AaveV3_Arbitrum_CapsUpgrade_20230904_20230904.t.sol b/src/20230904_AaveV3_Multi_CapsUpgrade_20230904/AaveV3_Arbitrum_CapsUpgrade_20230904_20230904.t.sol
new file mode 100644
index 00000000..a72e0b8f
--- /dev/null
+++ b/src/20230904_AaveV3_Multi_CapsUpgrade_20230904/AaveV3_Arbitrum_CapsUpgrade_20230904_20230904.t.sol
@@ -0,0 +1,58 @@
+// SPDX-License-Identifier: MIT
+pragma solidity ^0.8.0;
+
+import 'forge-std/Test.sol';
+import {GovHelpers} from 'aave-helpers/GovHelpers.sol';
+import {AaveGovernanceV2} from 'aave-address-book/AaveGovernanceV2.sol';
+import {AaveV3Arbitrum, AaveV3ArbitrumAssets} from 'aave-address-book/AaveV3Arbitrum.sol';
+import {ProtocolV3TestBase, ReserveConfig} from 'aave-helpers/ProtocolV3TestBase.sol';
+import {AaveV3_Arbitrum_CapsUpgrade_20230904_20230904} from './AaveV3_Arbitrum_CapsUpgrade_20230904_20230904.sol';
+
+/**
+ * @dev Test for AaveV3_Arbitrum_CapsUpgrade_20230904_20230904
+ * command: make test-contract filter=AaveV3_Arbitrum_CapsUpgrade_20230904_20230904
+ */
+contract AaveV3_Arbitrum_CapsUpgrade_20230904_20230904_Test is ProtocolV3TestBase {
+  AaveV3_Arbitrum_CapsUpgrade_20230904_20230904 internal proposal;
+
+  function setUp() public {
+    vm.createSelectFork(vm.rpcUrl('arbitrum'), 127957002);
+    proposal = new AaveV3_Arbitrum_CapsUpgrade_20230904_20230904();
+  }
+
+  function testProposalExecution() public {
+    ReserveConfig[] memory allConfigsBefore = createConfigurationSnapshot(
+      'preAaveV3_Arbitrum_CapsUpgrade_20230904_20230904',
+      AaveV3Arbitrum.POOL
+    );
+
+    GovHelpers.executePayload(vm, address(proposal), AaveGovernanceV2.ARBITRUM_BRIDGE_EXECUTOR);
+
+    ReserveConfig[] memory allConfigsAfter = createConfigurationSnapshot(
+      'postAaveV3_Arbitrum_CapsUpgrade_20230904_20230904',
+      AaveV3Arbitrum.POOL
+    );
+
+    address[] memory assetsChanged = new address[](1);
+    assetsChanged[0] = AaveV3ArbitrumAssets.AAVE_UNDERLYING;
+    _noReservesConfigsChangesApartFrom(allConfigsBefore, allConfigsAfter, assetsChanged);
+
+    ReserveConfig memory AAVE = _findReserveConfig(
+      allConfigsBefore,
+      AaveV3ArbitrumAssets.AAVE_UNDERLYING
+    );
+    AAVE.supplyCap = 2_710;
+    _validateReserveConfig(AAVE, allConfigsAfter);
+
+     e2eTestAsset(
+        AaveV3Arbitrum.POOL,
+        _findReserveConfig(allConfigsAfter, AaveV3ArbitrumAssets.WETH_UNDERLYING),
+        _findReserveConfig(allConfigsAfter, AaveV3ArbitrumAssets.AAVE_UNDERLYING)
+        );
+
+    diffReports(
+      'preAaveV3_Arbitrum_CapsUpgrade_20230904_20230904',
+      'postAaveV3_Arbitrum_CapsUpgrade_20230904_20230904'
+    );
+  }
+}
diff --git a/src/20230904_AaveV3_Multi_CapsUpgrade_20230904/AaveV3_CapsUpgrade_20230904_20230904.s.sol b/src/20230904_AaveV3_Multi_CapsUpgrade_20230904/AaveV3_CapsUpgrade_20230904_20230904.s.sol
new file mode 100644
index 00000000..2d538f29
--- /dev/null
+++ b/src/20230904_AaveV3_Multi_CapsUpgrade_20230904/AaveV3_CapsUpgrade_20230904_20230904.s.sol
@@ -0,0 +1,58 @@
+// SPDX-License-Identifier: MIT
+pragma solidity ^0.8.0;
+
+import {GovHelpers} from 'aave-helpers/GovHelpers.sol';
+import {EthereumScript, ArbitrumScript, MetisScript, PolygonScript} from 'aave-helpers/ScriptUtils.sol';
+import {AaveV3_Arbitrum_CapsUpgrade_20230904_20230904} from './AaveV3_Arbitrum_CapsUpgrade_20230904_20230904.sol';
+import {AaveV3_Metis_CapsUpgrade_20230904_20230904} from './AaveV3_Metis_CapsUpgrade_20230904_20230904.sol';
+import {AaveV3_Polygon_CapsUpgrade_20230904_20230904} from './AaveV3_Polygon_CapsUpgrade_20230904_20230904.sol';
+
+/**
+ * @dev Deploy AaveV3_Arbitrum_CapsUpgrade_20230904_20230904
+ * command: make deploy-ledger contract=src/20230904_AaveV3_Multi_CapsUpgrade_20230904/AaveV3_CapsUpgrade_20230904_20230904.s.sol:DeployArbitrum chain=arbitrum
+ */
+contract DeployArbitrum is ArbitrumScript {
+  function run() external broadcast {
+    new AaveV3_Arbitrum_CapsUpgrade_20230904_20230904();
+  }
+}
+
+/**
+ * @dev Deploy AaveV3_Metis_CapsUpgrade_20230904_20230904
+ * command: make deploy-ledger contract=src/20230904_AaveV3_Multi_CapsUpgrade_20230904/AaveV3_CapsUpgrade_20230904_20230904.s.sol:DeployMetis chain=metis
+ */
+contract DeployMetis is MetisScript {
+  function run() external broadcast {
+    new AaveV3_Metis_CapsUpgrade_20230904_20230904();
+  }
+}
+
+/**
+ * @dev Deploy AaveV3_Polygon_CapsUpgrade_20230904_20230904
+ * command: make deploy-ledger contract=src/20230904_AaveV3_Multi_CapsUpgrade_20230904/AaveV3_CapsUpgrade_20230904_20230904.s.sol:DeployPolygon chain=polygon
+ */
+contract DeployPolygon is PolygonScript {
+  function run() external broadcast {
+    new AaveV3_Polygon_CapsUpgrade_20230904_20230904();
+  }
+}
+
+/**
+ * @dev Create Proposal
+ * command: make deploy-ledger contract=src/20230904_AaveV3_Multi_CapsUpgrade_20230904/AaveV3_CapsUpgrade_20230904_20230904.s.sol:CreateProposal chain=mainnet
+ */
+contract CreateProposal is EthereumScript {
+  function run() external broadcast {
+    GovHelpers.Payload[] memory payloads = new GovHelpers.Payload[](3);
+    payloads[0] = GovHelpers.buildArbitrum(address(0));
+    payloads[1] = GovHelpers.buildMetis(address(0));
+    payloads[2] = GovHelpers.buildPolygon(address(0));
+    GovHelpers.createProposal(
+      payloads,
+      GovHelpers.ipfsHashFile(
+        vm,
+        'src/20230904_AaveV3_Multi_CapsUpgrade_20230904/CapsUpgrade_20230904.md'
+      )
+    );
+  }
+}
diff --git a/src/20230904_AaveV3_Multi_CapsUpgrade_20230904/AaveV3_Metis_CapsUpgrade_20230904_20230904.sol b/src/20230904_AaveV3_Multi_CapsUpgrade_20230904/AaveV3_Metis_CapsUpgrade_20230904_20230904.sol
new file mode 100644
index 00000000..20b8ab93
--- /dev/null
+++ b/src/20230904_AaveV3_Multi_CapsUpgrade_20230904/AaveV3_Metis_CapsUpgrade_20230904_20230904.sol
@@ -0,0 +1,27 @@
+// SPDX-License-Identifier: MIT
+pragma solidity ^0.8.0;
+
+import {AaveV3PayloadMetis, IEngine, EngineFlags} from 'aave-helpers/v3-config-engine/AaveV3PayloadMetis.sol';
+import {AaveV3MetisAssets} from 'aave-address-book/AaveV3Metis.sol';
+
+/**
+ * @title CapsUpgrade_20230904
+ * @author Alice Rozengarden (@Rozengarden - Aave-chan initiative)
+ * - Snapshot: no snapshot for Direct-to-AIP
+ * - Discussion: https://governance.aave.com/t/arfc-aave-v3-caps-increase-2023-08-31/14698
+ */
+contract AaveV3_Metis_CapsUpgrade_20230904_20230904 is AaveV3PayloadMetis {
+  function _preExecute() internal override {}
+
+  function capsUpdates() public pure override returns (IEngine.CapsUpdate[] memory) {
+    IEngine.CapsUpdate[] memory capsUpdate = new IEngine.CapsUpdate[](1);
+
+    capsUpdate[0] = IEngine.CapsUpdate({
+      asset: AaveV3MetisAssets.Metis_UNDERLYING,
+      supplyCap: 120_000,
+      borrowCap: EngineFlags.KEEP_CURRENT
+    });
+
+    return capsUpdate;
+  }
+}
diff --git a/src/20230904_AaveV3_Multi_CapsUpgrade_20230904/AaveV3_Metis_CapsUpgrade_20230904_20230904.t.sol b/src/20230904_AaveV3_Multi_CapsUpgrade_20230904/AaveV3_Metis_CapsUpgrade_20230904_20230904.t.sol
new file mode 100644
index 00000000..31e39ce3
--- /dev/null
+++ b/src/20230904_AaveV3_Multi_CapsUpgrade_20230904/AaveV3_Metis_CapsUpgrade_20230904_20230904.t.sol
@@ -0,0 +1,58 @@
+// SPDX-License-Identifier: MIT
+pragma solidity ^0.8.0;
+
+import 'forge-std/Test.sol';
+import {GovHelpers} from 'aave-helpers/GovHelpers.sol';
+import {AaveGovernanceV2} from 'aave-address-book/AaveGovernanceV2.sol';
+import {AaveV3Metis, AaveV3MetisAssets} from 'aave-address-book/AaveV3Metis.sol';
+import {ProtocolV3TestBase, ReserveConfig} from 'aave-helpers/ProtocolV3TestBase.sol';
+import {AaveV3_Metis_CapsUpgrade_20230904_20230904} from './AaveV3_Metis_CapsUpgrade_20230904_20230904.sol';
+
+/**
+ * @dev Test for AaveV3_Metis_CapsUpgrade_20230904_20230904
+ * command: make test-contract filter=AaveV3_Metis_CapsUpgrade_20230904_20230904
+ */
+contract AaveV3_Metis_CapsUpgrade_20230904_20230904_Test is ProtocolV3TestBase {
+  AaveV3_Metis_CapsUpgrade_20230904_20230904 internal proposal;
+
+  function setUp() public {
+    vm.createSelectFork(vm.rpcUrl('metis'), 8405352);
+    proposal = new AaveV3_Metis_CapsUpgrade_20230904_20230904();
+  }
+
+  function testProposalExecution() public {
+    ReserveConfig[] memory allConfigsBefore = createConfigurationSnapshot(
+      'preAaveV3_Metis_CapsUpgrade_20230904_20230904',
+      AaveV3Metis.POOL
+    );
+
+    GovHelpers.executePayload(vm, address(proposal), AaveGovernanceV2.METIS_BRIDGE_EXECUTOR);
+
+    ReserveConfig[] memory allConfigsAfter = createConfigurationSnapshot(
+      'postAaveV3_Metis_CapsUpgrade_20230904_20230904',
+      AaveV3Metis.POOL
+    );
+
+    address[] memory assetsChanged = new address[](1);
+    assetsChanged[0] = AaveV3MetisAssets.Metis_UNDERLYING;
+    _noReservesConfigsChangesApartFrom(allConfigsBefore, allConfigsAfter, assetsChanged);
+
+    ReserveConfig memory Metis = _findReserveConfig(
+      allConfigsBefore,
+      AaveV3MetisAssets.Metis_UNDERLYING
+    );
+    Metis.supplyCap = 120_000;
+    _validateReserveConfig(Metis, allConfigsAfter);
+
+     e2eTestAsset(
+        AaveV3Metis.POOL,
+        _findReserveConfig(allConfigsAfter, AaveV3MetisAssets.WETH_UNDERLYING),
+        _findReserveConfig(allConfigsAfter, AaveV3MetisAssets.Metis_UNDERLYING)
+        );
+
+    diffReports(
+      'preAaveV3_Metis_CapsUpgrade_20230904_20230904',
+      'postAaveV3_Metis_CapsUpgrade_20230904_20230904'
+    );
+  }
+}
diff --git a/src/20230904_AaveV3_Multi_CapsUpgrade_20230904/AaveV3_Polygon_CapsUpgrade_20230904_20230904.sol b/src/20230904_AaveV3_Multi_CapsUpgrade_20230904/AaveV3_Polygon_CapsUpgrade_20230904_20230904.sol
new file mode 100644
index 00000000..5ed5d6ce
--- /dev/null
+++ b/src/20230904_AaveV3_Multi_CapsUpgrade_20230904/AaveV3_Polygon_CapsUpgrade_20230904_20230904.sol
@@ -0,0 +1,27 @@
+// SPDX-License-Identifier: MIT
+pragma solidity ^0.8.0;
+
+import {AaveV3PayloadPolygon, IEngine, EngineFlags} from 'aave-helpers/v3-config-engine/AaveV3PayloadPolygon.sol';
+import {AaveV3PolygonAssets} from 'aave-address-book/AaveV3Polygon.sol';
+
+/**
+ * @title CapsUpgrade_20230904
+ * @author Alice Rozengarden (@Rozengarden - Aave-chan initiative)
+ * - Snapshot: no snapshot for Direct-to-AIP
+ * - Discussion: https://governance.aave.com/t/arfc-aave-v3-caps-increase-2023-08-31/14698
+ */
+contract AaveV3_Polygon_CapsUpgrade_20230904_20230904 is AaveV3PayloadPolygon {
+  function _preExecute() internal override {}
+
+  function capsUpdates() public pure override returns (IEngine.CapsUpdate[] memory) {
+    IEngine.CapsUpdate[] memory capsUpdate = new IEngine.CapsUpdate[](1);
+
+    capsUpdate[0] = IEngine.CapsUpdate({
+      asset: AaveV3PolygonAssets.DPI_UNDERLYING,
+      supplyCap: 2_460,
+      borrowCap: EngineFlags.KEEP_CURRENT
+    });
+
+    return capsUpdate;
+  }
+}
diff --git a/src/20230904_AaveV3_Multi_CapsUpgrade_20230904/AaveV3_Polygon_CapsUpgrade_20230904_20230904.t.sol b/src/20230904_AaveV3_Multi_CapsUpgrade_20230904/AaveV3_Polygon_CapsUpgrade_20230904_20230904.t.sol
new file mode 100644
index 00000000..78c613b5
--- /dev/null
+++ b/src/20230904_AaveV3_Multi_CapsUpgrade_20230904/AaveV3_Polygon_CapsUpgrade_20230904_20230904.t.sol
@@ -0,0 +1,58 @@
+// SPDX-License-Identifier: MIT
+pragma solidity ^0.8.0;
+
+import 'forge-std/Test.sol';
+import {GovHelpers} from 'aave-helpers/GovHelpers.sol';
+import {AaveGovernanceV2} from 'aave-address-book/AaveGovernanceV2.sol';
+import {AaveV3Polygon, AaveV3PolygonAssets} from 'aave-address-book/AaveV3Polygon.sol';
+import {ProtocolV3TestBase, ReserveConfig} from 'aave-helpers/ProtocolV3TestBase.sol';
+import {AaveV3_Polygon_CapsUpgrade_20230904_20230904} from './AaveV3_Polygon_CapsUpgrade_20230904_20230904.sol';
+
+/**
+ * @dev Test for AaveV3_Polygon_CapsUpgrade_20230904_20230904
+ * command: make test-contract filter=AaveV3_Polygon_CapsUpgrade_20230904_20230904
+ */
+contract AaveV3_Polygon_CapsUpgrade_20230904_20230904_Test is ProtocolV3TestBase {
+  AaveV3_Polygon_CapsUpgrade_20230904_20230904 internal proposal;
+
+  function setUp() public {
+    vm.createSelectFork(vm.rpcUrl('polygon'), 47135218);
+    proposal = new AaveV3_Polygon_CapsUpgrade_20230904_20230904();
+  }
+
+  function testProposalExecution() public {
+    ReserveConfig[] memory allConfigsBefore = createConfigurationSnapshot(
+      'preAaveV3_Polygon_CapsUpgrade_20230904_20230904',
+      AaveV3Polygon.POOL
+    );
+
+    GovHelpers.executePayload(vm, address(proposal), AaveGovernanceV2.POLYGON_BRIDGE_EXECUTOR);
+
+    ReserveConfig[] memory allConfigsAfter = createConfigurationSnapshot(
+      'postAaveV3_Polygon_CapsUpgrade_20230904_20230904',
+      AaveV3Polygon.POOL
+    );
+
+    address[] memory assetsChanged = new address[](1);
+    assetsChanged[0] = AaveV3PolygonAssets.DPI_UNDERLYING;
+    _noReservesConfigsChangesApartFrom(allConfigsBefore, allConfigsAfter, assetsChanged);
+
+    ReserveConfig memory DPI = _findReserveConfig(
+      allConfigsBefore,
+      AaveV3PolygonAssets.DPI_UNDERLYING
+    );
+    DPI.supplyCap = 2_460;
+    _validateReserveConfig(DPI, allConfigsAfter);
+
+     e2eTestAsset(
+        AaveV3Polygon.POOL,
+        _findReserveConfig(allConfigsAfter, AaveV3PolygonAssets.WMATIC_UNDERLYING),
+        _findReserveConfig(allConfigsAfter, AaveV3PolygonAssets.DPI_UNDERLYING)
+        );
+
+    diffReports(
+      'preAaveV3_Polygon_CapsUpgrade_20230904_20230904',
+      'postAaveV3_Polygon_CapsUpgrade_20230904_20230904'
+    );
+  }
+}
diff --git a/src/20230904_AaveV3_Multi_CapsUpgrade_20230904/CapsUpgrade_20230904.md b/src/20230904_AaveV3_Multi_CapsUpgrade_20230904/CapsUpgrade_20230904.md
new file mode 100644
index 00000000..09fb3520
--- /dev/null
+++ b/src/20230904_AaveV3_Multi_CapsUpgrade_20230904/CapsUpgrade_20230904.md
@@ -0,0 +1,38 @@
+---
+title: "CapsUpgrade_20230904"
+author: "Alice Rozengarden (@Rozengarden - Aave-chan initiative)"
+discussions: "https://governance.aave.com/t/arfc-aave-v3-caps-increase-2023-08-31/14698"
+---
+
+## Simple Summary
+
+This proposal is asking for feedback from the risk providers on various assets across multiple networks that are nearing the full use of either their supply or borrow caps.
+
+This Proposal is compatible with the Direct-to-AIP Framework
+
+## Motivation
+
+Several caps on assets across the various V3 markets are reaching critical levels but haven’t been included in [the recent proposal by ChaosLabs](https://governance.aave.com/t/arfc-chaos-labs-risk-stewards-increase-borrow-caps-on-v3-ethereum-08-29-2023/14688). Thus, the goal of this proposal is to ask about their status and the risk associated with the potential increase of their caps. Letting those caps reach 100% while it could have been avoided would result in a sub-optimal experience for the user of AAVE and of the product built around the protocol as well as a loss of potential revenue.
+
+## Specification
+
+The following assets are concerned by the proposal
+
+### Supply Caps:
+
+| Chain | Token | Supply cap | Utilization rate | Proposed Supply cap | Increase (%) | Total supply | % of the total supply |
+| --- | --- | --- | --- | --- | --- | --- | --- |
+| Arbitrum | AAVE | 1.85k | 100% | 2710 | 46% | 5.4k | ~50% |
+| Metis | Metis | 60k | 76% | 120k | 100% | 2.96M | 4% |
+| Polygon | DPI | 1.417 | 87% | 2460 | ~73% | 4928 | ~50% |
+
+## References
+
+- Implementation: [Arbitrum](https://github.com/bgd-labs/aave-proposals/blob/main/src/20230904_AaveV3_Multi_CapsUpgrade_20230904/AaveV3_Arbitrum_CapsUpgrade_20230904_20230904.sol), [Metis](https://github.com/bgd-labs/aave-proposals/blob/main/src/20230904_AaveV3_Multi_CapsUpgrade_20230904/AaveV3_Metis_CapsUpgrade_20230904_20230904.sol), [Polygon](https://github.com/bgd-labs/aave-proposals/blob/main/src/20230904_AaveV3_Multi_CapsUpgrade_20230904/AaveV3_Polygon_CapsUpgrade_20230904_20230904.sol)
+- Tests: [Arbitrum](https://github.com/bgd-labs/aave-proposals/blob/main/src/20230904_AaveV3_Multi_CapsUpgrade_20230904/AaveV3_Arbitrum_CapsUpgrade_20230904_20230904.t.sol), [Metis](https://github.com/bgd-labs/aave-proposals/blob/main/src/20230904_AaveV3_Multi_CapsUpgrade_20230904/AaveV3_Metis_CapsUpgrade_20230904_20230904.t.sol), [Polygon](https://github.com/bgd-labs/aave-proposals/blob/main/src/20230904_AaveV3_Multi_CapsUpgrade_20230904/AaveV3_Polygon_CapsUpgrade_20230904_20230904.t.sol)
+- Snapshot: no snapshot for Direct-to-AIP
+- [Discussion](https://governance.aave.com/t/arfc-aave-v3-caps-increase-2023-08-31/14698)
+
+## Copyright
+
+Copyright and related rights waived via [CC0](https://creativecommons.org/publicdomain/zero/1.0/).